For years, Bitcoin has been hailed as “digital gold,” a hedge against inflation and policy excess.
Yet, as geopolitical tensions rise and trade disputes return to the headlines, the original store of value, gold, is stealing the spotlight.
According to TradingView data, gold climbed to an all-time high of $4,376 per ounce on Oct. 17, lifting its market capitalization above $30 trillion.
That makes the yellow metal roughly 14 times larger than Bitcoin’s current $2.1 trillion valuation and more valuable than all seven of the world’s biggest tech companies, including Apple, Microsoft, and Nvidia.
Year-to-date, gold has gained an astonishing 60%, easily outpacing both the S&P 500’s 14% and Bitcoin’s 17% climb.
Why is gold rising?
This surge follows renewed trade tensions after US President Donald Trump announced plans for tariffs on China.
The move jolted global markets and revived demand for traditional hedges. Gold, already buoyed by
Go to Source to See Full Article
Author: Oluwapelumi Adejumo
