Bitcoin has risen to the fifth position in the global asset ranking by market capitalization, surpassing the tech giant Amazon. This leap was made possible by the recent increase in the price of the first cryptocurrency, which exceeded $123,000, allowing Bitcoin to set a new historical high.
This is reported by Business • Media
Bitcoin’s Market Capitalization and Comparison with Other Leaders
According to Companies Market Cap, Bitcoin’s market capitalization has reached over $2.4 trillion. Thus, Bitcoin has surpassed not only Amazon in this metric but also well-known companies such as Meta, Google, Saudi Aramco, Tesla, Berkshire Hathaway, and others. It is particularly noteworthy that Bitcoin has once again outpaced silver in terms of market capitalization — this is not the first time this has occurred in financial markets.
“Bitcoin has become the fifth largest asset in the world by market capitalization, surpassing Amazon.”
Current Market Position and Forecasts
At present, the closest competitor to Bitcoin among market leaders remains Apple, whose market capitalization stands at $3.15 trillion. According to TradingView, Bitcoin’s market capitalization exceeds $2.4 trillion, highlighting significant investor interest in digital assets and the growing role of cryptocurrency in the global economy.
It is worth noting that earlier, the CEO of Xapo Bank emphasized the duration of Bitcoin’s four-year cycle and the potential risks for the market, including the possible decline in the value of the asset.