On-chain analysts and crypto influencers on Twitter have been calling for Gold Flippening and this could be the first step in that direction. The bitcoin is going to flip gold and it’s going to subsume the entire gold market cap,” he said in the CNBC interview. Bitcoin has a current market cap of about $350 billion, while that of gold's stands at roughly $10 trillion. Market Cap. New Gold market cap history and chart from 2006 to 2020. Browse... View Full Chart Market Cap Chart . The cryptocurrency’s market cap alongside its value surged from 2020 Q4, with the asset hitting an all-time high of $57,800 on March 12, 2021. 10.43 18.91. Kinross Gold. In the June quarter, global gold-backed ETF holdings rose by 67.2t to reach 2,548t with UK-listed ETFs experiencing the largest growth underpinned by Brexit concerns and currency weakness. View 4,000+ financial data types. Gold Fields is a South African gold mining company. Standard . “Then it’s going to subsume negative yielding sovereign debt and other monetary indexes until it grows to $100 trillion dollars.” Saylor also told CNBC that Bitcoin is not for spending and not really a currency and that it’s for saving. The breadth, depth, and liquidity of the global gold market … He notes the stock market, and not interest in … View and export this data going back to 2003. Money is flowing out of gold and into the stock market: CPM Group managing partner . Since gold’s market cap is around $11 trillion and Bitcoin’s market cap is currently around $1.1 trillion, it means that he thinks that the Bitcoin price will eventually be 10x what it is today, i.e. The Bitcoin Gold price is currently $ 124.20 with a 24-hour trading volume of $ 380.42M across 33 exchanges. Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. This infographic looks at the growth in market cap value across BEACH stocks one year from when the WHO officially declared COVID-19 a pandemic. 13.97 14.27. PAX Gold’s market cap currently sits at $107,501,000.00 USD, holding up for a market cap rank at #390. What Gold Bugs Say. Microstrategy Chief Executive Michael Saylor told CNBC on Tuesday that Bitcoin is going to subsume the entire gold market cap. "#bitcoin is on an inevitable path to have the same market cap then a higher market cap as gold," says @Novogratz. Bitcoin crossed the market cap of $1 trillion on Friday after the recent rally triggered by huge institutional demand. Caleb Clifford April 15, 2021 4:11 pm No Comments Must read. The leading dividend payer among the 3 ASX 200 gold shares is Evolution Mining. With a market cap of $1.07 trillion, Bitcoin now accounts for 9.85% of Gold’s $10.9 trillion. Historical Market Cap Data. Yamana Gold Market Cap: 4.364B for April 12, 2021. View 4,000+ financial data types. If the leading cryptocurrency by market cap continues to surge and finally breaks the support level it is testing on the XAUBTC price chart, the precious metal could be looking at another 90% fall against BTC. Gold’s global market cap currently sits at around $8 trillion. Barrick Gold (TSX: ABX; NYSE: GOLD) has the greatest number of “tier-one” gold assets under management, and the lowest total cash cost among its senior gold mining peers. 1D 1M 1Y 5Y. Export Data Save Image Print Image For advanced charting, view our full-featured Fundamental Chart. Browse... View Full Chart Market Cap Chart . Yet, a savings-based money like gold or bitcoin becomes more attractive as the Fed and Washington lawmakers push toward fiscal extremes. As of 04/16/2021 EDT. Gold is neither barbarous, nor a relic. Compared to the average trading volume of 6.85M shares, GFI stock reached a trading volume of 5071187 in the most recent trading day, which is why market watchdogs consider the stock to be active. Market cap of B2Gold Corp. [BTG] reaches 4.92B – now what? In a recent post on twitter, Pompliano predicted that Bitcoin’s market cap will exceed that of Gold by 31 st December 2029. The BTG price is up 2.42% in the last 24 hours. "It's just how fast adoption happens. Kinross Gold’s (TSX: K; NYSE: KGC) mines in the Americas, Russia and West Africa delivered 2.5 million gold-equivalent oz. Looking over the Round Mountain gold operation in Nye County, Nevada. Evolution has a market cap of $7.8 billion and trade on a P/E ratio of 20.5 times. 2.590B. Get detailed information on Celo Gold (cGLD) including real-time price index, historical charts, market cap, exchanges, wallets, and latest news. Market cap: $35.9 billion. Total Market Cap: M. Cap: $ 2.27T (2.3%) BTC Dominance: BTC DOM: 51.21% (-0.9%) Total Volume: 24H VOL: $ 1.03T (24.2%) BTC Price: BTC: $ 62,217 (0.5%) ETH Gas: $ 6.94 (133 Gwei) Slow . Check out our snapshot charts and see when there is an opportunity to buy or sell CACHE Gold. BTCUSD Chart By TradingView. 8. Jeffrey Christian, managing partner at CPM Group, joins BNN Bloomberg to discuss why Gold prices have been under pressure during the start of 2021. About. Gold Fields. Collectively, $332 billion in market cap washed away. I suspect that bitcoin's market cap will surpass gold's market cap by 2030. That's more than 100 times the market cap … Market Closed . View Full Chart. Credit: Kinross Gold. If each ounce was worth about $1,290, the world's gold supply would have an implied market cap of $7.07 trillion dollars. In a series of tweets on November 10, Lee, who co-founded Chinese cryptocurrency exchange BTCC and now runs a Bitcoin wallet startup, became the latest voice in the growing debate on bitcoin versus gold, Cointelegraph reported. With its various joint-venture operations, Barrick also has the highest gold production from assets and mines under its management. Last year, at this time the precious metal’s capitalization sat closer to $7 trillion. The bitcoin is going to flip gold and it’s going to subsume the entire gold market cap,” he said in the CNBC interview. "Bitcoin has not taken 7 percent of the gold market cap" Ki Young Ju has taken to Twitter to share that, according to data provided by CryptoQuant, the amount of market cap that Bitcoin has absorbed from gold totals not seven percent, as it is believed to be, but only two percent (based on realized market cap). - Now, it appears the tide might be turning for these companies, buoyed by vaccine breakthroughs and glimmers of hope for a return to normalcy. Truth be told, Pompliano’s prediction is a pretty audacious one and indicates the totality by which some of the top Bitcoin maximalists have thrown their weight behind the coin. 1D 1M 1Y 5Y. If gold markets cooperate, Kinross should be a prime beneficiary of improved conditions across the industry. Demirors has been involved in the digital currency industry for years now. The Bitcoin Gold price prediction sentiment is currently neutral. View and export this data going back to 1986. If Bitcoin was to take 10% of gold’s market cap, the price of one BTC would be in excess of $154,000. Back in October 2020, when Bitcoin’s network momentum was increasing steadily, Bitcoin’s correlation with Gold was […] Many investors have gained exposure to the precious metal by buying stocks of companies engaged in … Gold’s current market cap is around $9 trillion. Add To Watchlist. That trend is growing, not declining, as many in the mainstream financial media would have you believe. “These gold-backed funds seek to combine the flexibility and ease of stock-market trading with the benefits of physical gold ownership,” the World Gold Council explained. Start your Free Trial. Gold has long been regarded as a safe haven in times of market turmoil. Barrick Gold Market Cap: 37.13B for April 6, 2021. For this reason, I own no gold and have a material percent of my net worth invested in bitcoin." The first major breakdown caused a drop of ten BTC per gold bar, to just about parity 1:1 with gold. Barrick Gold. at a production cost of sales of US$706 per gold-equivalent oz. Bitcoin Gold reached its highest price on October 23, 2017, when it was trading at its all-time high of $ 518.00. The gold market is clearly one of the largest and most important financial markets in the world today. Historical Market Cap Data. Day Range. The world’s largest cryptocurrency has crossed 10% of the total value of mined gold. Each loss of support has resulted in such a drop in the past. Bitcoin will surpass the market cap of gold and could ultimately be worth $1 million, according to prominent cryptocurrency industry figure Bobby Lee. The market cap for the stock reached $7.82 billion, with 873.85 million shares outstanding and 862.28 million shares in the current float. ANGI Homeservices Inc. [ANGI] stock Reiterated by Needham analyst, price target now $13 Brandon Evans February 5, 2021 why Aramark [ARMK] is a Good Choice for Investors After New Price Target of $36.67 Brandon Evans December 16, 2020 Infinity … She has served as a lecturer at the Oxford University Blockchain Strategy Programmer as well as the vice president of cryptocurrency investment giant Digital Currency Group. Start your Free Trial. 52 Week Range. Market cap: US$8.87 billion. According to the data compiled by Gold.org, the precious metal has a total market cap of around $10 trillion. Stay up to date with the latest CACHE Gold price movements and forum discussion. New Gold market cap as of April 15, 2021 is $1.21B . 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