Bitcoin has surpassed Alphabet Inc. (Google) to become the fifth-largest asset in the world by market capitalization. The cryptocurrency's market value reached approximately $2.456 trillion, edging out Google's market cap of around $2.450 trillion. This milestone marks Bitcoin's ascent above major global assets including Amazon and Google, positioning it just behind the top four assets worldwide. Bitcoin's price also hit a new all-time high, soaring past $124,000 amid growing momentum from exchange-traded funds (ETFs) and shifting macroeconomic conditions. Market observers note that Apple remains the next major asset target for Bitcoin to surpass in market capitalization.
#Bitcoin now makes up 1.7% of global money, $2.4T out of $138T. https://t.co/xUJX97OIIv
Bitcoin is still only 0.2% of global assets Gold is 2.2%. Real estate is 37%. It’s still early. 🚀 https://t.co/3qlHbzN0bJ
Bitcoin is only 0.2% of the total global assets. Bitcoin will demonetize Real Estate, Bonds and Gold. https://t.co/GBQXB4zpfT