출처: Block Media
Gold Prices Hit Record High, Driving Blockchain-Based Gold Tokens to $3 Billion Market Value
Gold prices have soared to an unprecedented high of $4,100 per ounce, boosting the market capitalization of blockchain-based gold tokens to over $3 billion. This milestone underscores the rapid evolution of the tokenized gold industry, where physical gold serves as the fundamental backing for these digital assets.
Recent data from CoinGecko highlights that gold values reached their yearly peak on November 9, marking a historic 45-year high in market momentum for gold tokens. These blockchain-enabled instruments stand out from traditional gold investments by being both tradable and utilizable on decentralized platforms, offering a unique blend of stability and liquidity.
On-chain analytics firm rwa.xyz reported a 53% surge in the number of wallets holding gold tokens this year. Additionally, issuance of popular gold-backed tokens has experienced robust growth, with Tether Gold (XAUT) increasing by 52% and Paxos Gold (PAXG) up 50%.
Tom Bailey, head of research at HANetf, commented through Cryptopolitan, “This is gold’s strongest annual rally since 1979. Worsening fiscal deficits and mounting debt across developed countries are eroding faith in fiat currencies and transforming the investment landscape.”
Gold Outshines Bitcoin in Year-to-Date Returns
Gold has delivered an impressive 54% year-to-date return, significantly outperforming Bitcoin’s 31% gain over the same period. According to Bailey, rising fiscal spending and the global acceleration of money supply growth have deepened concerns about inflation, prompting investors to turn to gold and Bitcoin as reliable hedges against currency depreciation.
This surge in gold prices is drawing in both institutional investors and digital asset enthusiasts alike. Tokenized gold has emerged as a compelling option within the blockchain space, with its utility as a collateral asset making it a growing presence in decentralized finance (DeFi) ecosystems. By enabling integration with platforms like Ethereum, gold tokens are bridging the gap between traditional safe-haven assets and cutting-edge blockchain technology.
While tokenized gold is gaining traction, traditional gold investing remains dominant. The World Gold Council (WGC) reports that global gold exchange-traded fund (ETF) holdings are valued at $461 billion, with net inflows of $64 billion recorded this year. ETFs continue to appeal to a broader audience due to their familiarity and accessibility.
Gold and Bitcoin: Dual Safe Havens Amid Growing Mistrust in Fiat Currencies
Javier Rodriguez Alarcon, Chief Investment Officer at XBTO, described the investment landscape as increasingly favoring gold and Bitcoin as a “dual safe haven” against the declining value of fiat currencies. He pointed to recent U.S. government shutdown risks and rising geopolitical uncertainty as catalysts for the growing shift toward these alternative assets.
Bitcoin, which reached a yearly high of $126,200 before correcting to $123,200, has gained 30% so far in 2023. However, its comparative standing against gold has weakened. The Bitcoin-to-gold price ratio, which was 40-to-1 in late 2022, now hovers around 31.6-to-1, reflecting gold’s exceptional rally.
Gold’s resurgence affirms its enduring role as a store of value, particularly in times of economic instability and diminishing trust in fiat-based systems. Meanwhile, blockchain technology is redefining how investors interact with traditional safe-haven assets, offering innovative paths for diversification through digital means.
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