Here’s the updated table comparing U.S. Treasuries, global bonds, gold, global stocks, and Bitcoin, excluding the broader crypto market:
Asset Class Estimated Market Cap Avg Daily Trading Volume Notes
U.S. Treasuries ~$28.7 trillion ~$900 billion Most liquid gov't bond market globally
Global Bonds ~$141 trillion ~$1.5 trillion (est.) Includes sovereign, corporate, and municipal bonds
Gold ~$22–23 trillion ~$150–200 billion ~6.7B oz above ground; ~$5T investable gold
Global Stocks ~$117–120 trillion ~$500–800 billion Public equities across all major exchanges
Bitcoin ~$2.35–2.4 trillion ~$90–110 billion Fixed supply; highest liquidity of any digital asset
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Notes:
Treasuries and global bonds dominate as debt-based stores of value.
Gold and Bitcoin are non-yielding, finite-supply stores of value—gold with history, BTC with tech.
Bitcoin is still <10% the size of gold and <2% the size of global bonds, but trades like a much larger asset.
Want a chart of these or CAGR/performance comparison next?
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