# Bitcoin is starting to compete with gold as a store of value

By 80eight Team — 28 October 2025

Canonical: https://80eight.io/blog/bitcoin-is-starting-to-compete-with-gold-as-a-store-of-value

With a market cap just shy of $2 trillion, bitcoin is about 10% the size of gold ($18 trillion).

Two years ago bitcoin was less than half that.

“If the current bitcoin bull market continues, bitcoin could overtake gold in terms of investment value,” says research firm Ecoinometrics.

## Bitcoin has been de-risked

Bitcoin has now been de-risked: global bans are unlikely, it won't collapse as a bubble, and it's positioned to stay relevant for the long run.

## The bitcoin-to-gold ratio

The chart below is an interesting one to watch, showing bitcoin as a ratio of gold. It currently costs 38 ounces of gold for one BTC. BTC is volatile relative to gold but the trend is massively in bitcoin’s favour.

![Description of Image](/blog-assets/e9257f1a-6769313afe0f78834addb411-screenshot-2024-12-23-at-11-44-32.webp)

## The number that matters is investment gold

The more important figure is gold tied to financial markets, worth about $5 trillion (because most gold is used in jewellery and industry). That being the case, bitcoin currently represents 40% of gold’s market.

Both are store of value assets. In uncertain times, investors allocate larger amounts to gold, and – increasingly – bitcoin.

We may be a decade or so away from BTC matching gold’s market cap, which will be another milestone in its inexorable march to financial powerhouse.