'Non-Productive' Gold Zooms to $30T Market Cap, Leaving Bitcoin (BTC), Nvidia (NVDA), Apple (AAPL), Alphabet (GOOG) Far Behind
Gold's market capitalization has surged past $30 trillion, significantly outpacing major tech companies and Bitcoin, signaling economic uncertainty.Summary
In 2025, gold (XAU), a traditional non-productive asset, reached a market capitalization of approximately $30.42 trillion, driven by a 66% surge in its price to nearly $4,380 per ounce. This valuation leaves behind major tech companies like Nvidia ($4.42T) and Bitcoin ($2.17T), which ranks eighth. The massive rally in gold, which generates no dividends or rent, is interpreted by analysts, including Citadel CEO Ken Griffin, as a warning sign of global economic malaise and investor flight to safe havens amid fiscal imprudence, inflation, and geopolitical tensions. While Bitcoin shares gold's non-productive nature, it has lagged significantly in price gains for 2025, though some observers anticipate capital rotation into the digital asset once the gold rally subsides.
(Source：CoinDesk)