Odaily Planet Daily reported that on Thursday, as gold prices climbed to a new all-time high of $4,357 per ounce, its market capitalization hit a record $30 trillion. This means that gold's market capitalization is now 14.5 times that of Bitcoin, which is approximately $2.1 trillion. It is also 1.5 times greater than the combined market capitalization of the world's "Big Seven" tech companies—Nvidia, Microsoft, Apple, Alphabet, Amazon, Meta, and Tesla—which is approximately $20 trillion.

Due to the devaluation of the US dollar, geopolitical tensions and trade tariffs, investors have flocked to gold, and the price of gold has soared 64% since January 1. Many analysts believe that when the gold market cools down, capital will turn to Bitcoin, which is known as digital gold. (Cointelegraph)