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Sub-$22K Bitcoin looks juicy when compared to gold’s market capitalization

BTC’s market cap is way smaller than gold’s, but the percentage of Bitcoin held by institutional investors suggests that the current pricing reflects an excellent discount.

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bitcoin
Bitcoin (BTC) $ 20,351.45
ethereum
Ethereum (ETH) $ 1,374.98
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 0.495894
dogecoin
Dogecoin (DOGE) $ 0.065728
polkadot
Polkadot (DOT) $ 6.50
binance-usd
Binance USD (BUSD) $ 1.00
uniswap
Uniswap (UNI) $ 6.96
litecoin
Litecoin (LTC) $ 54.98
bitcoin-cash
Bitcoin Cash (BCH) $ 122.75
solana
Solana (SOL) $ 34.36
chainlink
Chainlink (LINK) $ 7.92
stellar
Stellar (XLM) $ 0.119558
shiba-inu
Shiba Inu (SHIB) $ 0.000012