Bitcoin BTC has reached a significant milestone, overtaking Google and Amazon by market capitalization. This achievement positions Bitcoin as the fifth-largest asset globally, with a market capitalisation of $1.86 trillion, following a price surge to $94,320 yesterday. The cryptocurrency’s rise has garnered attention as it continues to make strides in the financial market, outpacing industry giants such as Google and Amazon.
Bitcoin BTC Market Cap Surge
Bitcoin’s market cap reached $1.86 trillion, surpassing the market capitalization of both Google and Amazon. Google’s market cap stands at $1.859 trillion, while Amazon follows at $1.837 trillion. Bitcoin BTC’s recent price increase helped it surpass these companies, marking a major shift in its market position. The surge has also led Bitcoin to outpace silver, which holds a market cap of $1.853 trillion.
Bitcoin’s Position Among Other Assets
While Bitcoin’s rise is impressive, it is still far from surpassing some of the world’s largest companies. Bitcoin now trails behind companies like NVIDIA, which has a market capitalization of $2.41 trillion, and Microsoft, with a market capitalization of $2.72 trillion. Apple ranks second with a $3 trillion market cap. However, gold remains at the top of the list with a massive market cap of $22.4 trillion.
Bitcoin remains the only cryptocurrency within the top 10 largest assets by market cap, further solidifying its dominance in the cryptocurrency space. Ethereum, Bitcoin BTC closest competitor, ranks much lower in the 61st spot with a market cap of $217.5 billion. This gap underscores Bitcoin’s leadership in the digital asset world and its continued growth in value.
Cathie Wood’s Prediction: Bitcoin to Surpass Gold
Cathie Wood, the CEO of ARK Investment Management, has long predicted that Bitcoin could one day surpass gold. In December, she noted that Bitcoin BTC potential for growth was immense, particularly given its $2 trillion market capitalisation at the time. She believes Bitcoin is still in its early stages and could eventually surpass gold in market value. Wood’s prediction hinges on Bitcoin’s finite supply and growing acceptance as a safe-haven asset.
Bitcoin and Gold: Shared Characteristics and Growing Appeal
Bitcoin shares several key characteristics with gold, which has long been viewed as a store of value. Both assets are finite in supply, require mining, and are used to hedge against inflation and economic uncertainty. Analysts have noted that Bitcoin’s price trends often mirror those of gold, further strengthening the argument that Bitcoin could eventually surpass gold in terms of market capitalization.
Bitcoin’s Price Decouples from Tech Stocks
In April, Bitcoin’s price rose by 15%, decoupling from its historical correlation with US tech stocks. During the same period, the Nasdaq 100 returned just 4.5%. This decoupling suggests that Bitcoin BTC is no longer reliant on the performance of the tech sector, which has faced challenges like regulatory scrutiny and slowing growth.
Bitcoin BTC’s ability to rally independently of tech stocks could signal a shift in its market behaviour. As of now, BTC is trading at $91,866, down by 2.49% over the past day.
Challenges Ahead for BTC, Despite Recent Gains
Despite its impressive growth, Bitcoin’s price remains 15.6% below its all-time high. This decline followed a period of significant price action after the re-inauguration of President Trump.
However, recent political developments, such as Trump’s criticism of the Federal Reserve and his executive order to establish a Strategic Bitcoin Reserve (SBR), have sparked renewed interest in Bitcoin BTC , potentially setting the stage for future growth.
To put Bitcoin’s $1.86 trillion market cap into perspective, it is now worth more than two Tesla companies combined. Tesla, which added Bitcoin to its balance sheet in early 2021, has seen significant gains since.
When Bitcoin was trading at $33,500 in early 2021, Tesla’s investment in Bitcoin BTC has grown by approximately 180%, now worth over $1 billion. This demonstrates the rapid appreciation of Bitcoin’s value and its growing influence in the financial markets.
Conclusion
Bitcoin’s rise in market cap and its newfound position as the fifth-largest asset globally mark a major milestone in the cryptocurrency’s journey. While there is still a long way to go before it surpasses assets like gold, Bitcoin BTC increasing dominance is undeniable.
As the cryptocurrency continues to gain traction among investors and institutions, its influence in the global financial system is set to grow. With its potential to become the world’s largest asset, Bitcoin is poised to remain a key player in the future of digital finance.
Frequently Asked Questions (FAQ)
1- How did Bitcoin surpass Google and Amazon in market cap?
Bitcoin surpassed Google and Amazon following a surge in its price to $94,320, raising its market cap to $1.86 trillion on 23 April 2025.
2- How does Bitcoin compare to other large assets?
Bitcoin is now the fifth-largest asset globally, surpassing companies like Google and Amazon. However, it still lags behind giants like Apple and gold.
3- Can Bitcoin surpass gold in market cap?
Many experts, including Cathie Wood, believe Bitcoin BTC has the potential to surpass gold, given its finite supply and increasing adoption.
4- What does Bitcoin’s decoupling from tech stocks mean?
Bitcoin’s decoupling from tech stocks shows that it is becoming less dependent on the performance of US tech companies, signaling a shift in its market dynamics.
References
CoinDesk – coindesk.com
CoinTelegrapgh – cointelegraph.com
Crypto.News- crypto.news
