Bitcoin has surpassed Google and silver to become the 5th largest global asset with a market cap exceeding $1.8 trillion, supported by a 12% price surge this week to over $93,500. This rise enhances its role as a hedge against economic uncertainty. Investor interest in spot Bitcoin ETFs has also surged significantly, indicating robust market confidence.
Bitcoin has achieved a significant milestone, surpassing both Google and silver to become the fifth most valuable asset globally, with a market capitalisation exceeding $1.8 trillion. This surpasses Alphabet by around $12 billion and positions Bitcoin ahead of silver, which stands at $1.856 trillion, and Amazon, valued at $1.837 trillion.
The cryptocurrency has seen an impressive value increase of 12% this week, with prices soaring above $93,500, driven by positive investor sentiment. During the Asian trading session, Bitcoin momentarily reached the $94,000 mark, encouraged by easing global trade tensions following statements made by President Trump.
This upward trend underscores Bitcoin’s decoupling from traditional equities, reinforcing its reputation as a hedge against economic instability and supporting its image as ‘digital gold’. Renewed interest in Bitcoin ETFs has emerged, with US-listed spot Bitcoin ETFs drawing nearly $913 million in investments, the largest single-day inflow since January, marking three consecutive days of growth.
Bitwise CIO Matt Hougan attributed Bitcoin’s rally to economic instability, predicting stronger rallies ahead as economies are “fixed”. Additionally, noted Bitcoin developer Adam Back commented that prices below $100,000 represent a bargain.
