The digital gold market is sized at $45 billion to $55 billion, and is projected to grow to $160 billion to $170 billion by 2031

Odaily reports that the World Gold Council has released the "Digital Gold Market Opportunity Report," stating that the current digital gold market is sized at $45 billion to $55 billion. The report projects that the digital gold market will grow at an average annual rate of approximately 27% over the next five years, reaching a market size of $160 billion to $170 billion by 2031. Currently, digital gold accounts for less than 1% of the global physical gold market, which is valued at approximately $13 trillion.