Tutorials:Gold Market Cap
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Quest: Gold Market Cap
The market cap of gold is calculated by multiplying the price of gold per ounce by the total amount of gold stored in the world's reserves.
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Task
What is the Gold Market Cap?
Write down this value to compare it to the total crypto market cap.
Exercise
Compare the Gold Market Cap to the Total Crypto Market Cap.
- At the time of this writing, Gold's market cap is approximately 17 Trillion dollars.
- The Total Crypto Market Cap is 3 Trillion. That represents over 17% of Gold's Market Cap.
- This comparison highlights the growing importance of digital assets in the global financial landscape.