Yesterday, Bitcoin briefly passed Google, Amazon, and Silver, to become the 5th largest asset in the world by market cap!
The decentralized digital asset hung out in the Top 5 alongside Gold, Apple, Microsoft, and Nvidia.
It’s currently rocking a market cap of $1.85 trillion, while Amazon just took over the fifth spot (at the moment those lines are being written). But what a cool snapshot!
So, how did we get here?
Well, a lot of stars aligned. Bitcoin recently smashed through the $94,000 mark, riding a wave of bullish momentum thanks to easing US-China tensions, revived investor optimism, and a technical breakout past key resistance levels. Add to that a strong dose of institutional and whales' interest, ETF massive inflows, and it’s no wonder Bitcoin is (re)gaining momentum.
Bitcoin is proving it’s more than just a wild speculative asset but a legit store of value, the kind of “digital gold” that doesn’t care about central banks or CEOs. While Google and Amazon are massive tech empires, with products and people behind it, Bitcoin is code, run by a global network of computers… and yet, here they are on the same leaderboard.
So yeah, the fight between Bitcoin, Google, Amazon, and Silver, is on for that fifth spot!