Gold and silver, each considered “stores of value,” briefly regained their position because the two largest assets by market capitalization. Bitcoin is in eighth place.
As the brand new yr began filled with uncertainty, gold and silver briefly regained their place because the two largest assets by market capitalization.
According to data from the evaluation platform CompaniesMarketCap, gold currently has a market capitalization of $31.1 trillion, putting it at the highest.
Silver, which has been trading with Nvidia for second place since December, briefly overtook Nvidia, only to be overtaken again on the time of publication.
Silver and Nvidia are almost on par. Source: CompaniesMarketCap
Nvidia is experiencing its own gold rush amid strong demand for computing resources to support artificial intelligence.
There has been a flight to precious metals over the past yr, with investors searching for the normal store of value for safety amid global conflicts and trade disputes.
Meanwhile, investors are also anticipating potentially significant rate of interest cuts from the Federal Reserve under its recent chairmanship, which can be prone to drive investors towards commodities reminiscent of gold and silver.
Increased demand has seen gold and silver recently hit recent all-time highs of around $4,500 and $80, and while this momentum has not yet spread to Bitcoin and cryptocurrencies, there’s a sense that it is probably not distant.
In a recent interview, Owen Lau, the managing director of Clear Street, argued that the Fed's monetary policy decisions in 2026 might be “one of the vital essential catalysts for the crypto space.”
Lau claimed that lower rates of interest would create a hunger amongst retail and institutional investors for dangerous assets reminiscent of digital gold.
