Bitcoin Overtakes Amazon As The 5th Largest Asset Amid BTC’s Meteoric Rally — Is Apple Next?
Main Idea
Bitcoin (BTC) has become the world's fifth most valuable asset by market cap, surpassing Amazon and approaching Apple, driven by institutional adoption and ETF inflows.
Key Points
1. Bitcoin's market cap reached $2.422 trillion, surpassing Amazon's $2.395 trillion and approaching Apple's $3.114 trillion.
2. BTC has also eclipsed silver ($2.187 trillion) and Alphabet ($2.186 trillion) in market valuation.
3. To surpass Apple, Bitcoin's price would need to rise to approximately $159,000.
4. Institutional adoption is significant, with 3.5 million BTC held in company treasuries, including 853,000 BTC (4% of supply) in public holdings.
5. Spot Bitcoin ETFs have contributed over $1 billion in net inflows, fueling BTC's upward momentum.
Description
Bitcoin became the world’s fifth most valuable asset after hitting a new all-time high on Monday, which pushed its market cap to $2.422 Trillion.
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