Executive Summary: Bitcoin vs. Gold Market Capitalization

In 2025, both gold and Bitcoin continued to strengthen their roles as value-storage assets, though at vastly different scales and maturity levels.

Gold demonstrated steady and resilient expansion.

Driven by repeated price record highs, gold’s total market capitalization rose to approximately $29–30 trillion by December 2025. As a long-established safe-haven and core central-bank reserve asset, gold’s growth reflects sustained demand for inflation hedging and protection against macroeconomic uncertainty.