{"id":68217,"date":"2025-05-22T04:32:15","date_gmt":"2025-05-22T04:32:15","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=68217"},"modified":"2025-05-22T04:32:15","modified_gmt":"2025-05-22T04:32:15","slug":"bitcoin-all-time-high-propels-it-past-amazon-google-to-5th-place-among-global-assets","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=68217","title":{"rendered":"Bitcoin All-Time High Propels It Past Amazon, Google To 5th Place Among Global Assets"},"content":{"rendered":"

On May 21, Bitcoin (BTC) achieved a remarkable milestone, reaching a new all-time high<\/a> (ATH) near the $110,000 mark. This surge was fueled by significant buying pressure, elevating Bitcoin\u2019s market capitalization to over $2.1 trillion.\u00a0<\/p>\n

As a result, the market\u2019s leading cryptocurrency has now positioned itself among the most valuable assets globally, ranking fifth in market capitalization and surpassing major firms like Amazon and Google.<\/p>\n

Will Bitcoin Surpass Gold?<\/h2>\n

According <\/a>to the Companies Market Cap web page, Bitcoin\u2019s price surge pushed its market capitalization to approximately $2.182 trillion. Currently, Bitcoin trails only behind tech giants Apple, NVIDIA, and Microsoft, as well as the traditional safe-haven asset, gold, which holds a staggering capitalization of over $22 trillion.<\/p>\n

Rob Nelson from The Street reported insights from Gracy Chen Chen, Bitget\u2019s Managing Director on a roundtable discussion back in February, highlighting the transformative nature of the cryptocurrency market.<\/p>\n

With increasing institutional adoption, evolving regulations, and new real-world applications, Chen expressed <\/a>optimism about Bitcoin\u2019s future. \u201cBitcoin will definitely surpass gold in terms of market cap, at least for a while, maybe this year or in the upcoming few years,\u201d she stated, suggesting that Bitcoin has the potential for another two to threefold increase in price.<\/p>\n

Historically seen as \u201cdigital gold,\u201d Bitcoin\u2019s role has evolved significantly. Initially perceived as an anti-risk asset, it has become more correlated with traditional financial markets, especially following the anticipated approval of spot Bitcoin ETFs in 2024.\u00a0<\/p>\n

\u201cIn the early days, Bitcoin was much considered as digital gold<\/a>. Right now, it\u2019s still digital gold in my opinion, but now it\u2019s more like a risky asset,\u201d Chen explained, noting its increased correlation with the US stock market.<\/p>\n

Analysts Predict Potential Surge To $150,000<\/h2>\n

Positive regulatory developments in the US have further bolstered investor sentiment, fueling expectations for price discovery phases for BTC. Antoni Trenchev, co-founder of the digital asset trading platform Nexo, commented <\/a>on the current market landscape:\u00a0<\/p>\n

Now that January\u2019s high has been surpassed\u2014and the 50 percent upside from April\u2019s lows has been achieved\u2014Bitcoin enters blue sky territory with tailwinds in the form of institutional momentum and a favorable US regulatory environment.<\/p>\n

Trenchev also emphasized that the market\u2019s still in the fourth year of Bitcoin\u2019s price cycle, traditionally seen as a pivotal period following a halving event\u2014when miner rewards are cut in half.\u00a0<\/p>\n

Historically, this phase has led to significant price increases<\/a>. \u201cWhile macro uncertainty and the threat of further volatility remain, a target of $150,000 in 2025 is still very much on the cards,\u201d he concluded.<\/p>\n

At the time of writing, BTC is trading at $109,570, which is up by 3% and 25% on the 24-hour and 30-day time frames, respectively.<\/p>\n

Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

On May 21, Bitcoin (BTC) achieved a remarkable milestone, reaching a new all-time high (ATH) near the $110,000 mark. This surge was fueled by significant buying pressure, elevating Bitcoin\u2019s market capitalization to over $2.1 trillion.\u00a0 As a result, the market\u2019s leading cryptocurrency has now positioned itself among the most valuable assets globally, ranking fifth in […]<\/p>\n","protected":false},"author":0,"featured_media":68218,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-68217","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/68217"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68217"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/68217\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/68218"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68217"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68217"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68217"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}