Bitcoin has officially overtaken Amazon in market capitalization, becoming the world’s fifth-largest asset as of Monday.
The cryptocurrency reached an all-time high of $122,600, pushing its total valuation to over $2.4 trillion, ahead of Amazon’s $2.3 trillion and even surpassing silver and Alphabet.
The milestone reflects not only Bitcoin’s price rally, up nearly 13% over the past week, but also a shift in perception as institutions continue to embrace the digital asset.
According to data from CompaniesMarketCap, Bitcoin now trails only behind Apple, Microsoft, Saudi Aramco, and gold in total market value.
“Bitcoin’s legitimacy as an investable asset class is no longer in question,” said Enmanuel Cardozo, a market analyst at digital asset platform Brickken. “With BlackRock, MicroStrategy, and other major players increasing their holdings, this rally is backed by real capital, not hype.”
The latest gains are largely attributed to a sustained wave of inflows into U.S. spot Bitcoin ETFs. Last week, these funds posted a seven-day streak of positive net inflows, injecting over $1 billion into the market and driving upward price momentum. This surge in ETF activity now accounts for 6.6% of all Bitcoin in circulation, according to BitcoinTreasuries.net.
Public companies and ETFs together hold over 3.5 million BTC, highlighting the growing influence of institutional participants in what was once a retail-dominated market.
Looking ahead, some analysts believe the climb isn’t over. Should Bitcoin surpass Apple’s valuation, it would imply a price of $142,000. To reach Microsoft’s market cap, BTC would need to rise above $167,000, a possibility that, according to Cardozo, “isn’t far-fetched given the macro trends and investor demand.”
Adding to Bitcoin’s bullish backdrop, the U.S. Congress is currently reviewing three major crypto-related bills, collectively known as “Crypto Week.” The legislation, including the GENIUS Act and the Digital Asset Market Clarity Act, aims to establish clearer rules for stablecoins, digital assets, and CBDCs, potentially unlocking new growth for the industry.
With regulation catching up to innovation and capital flowing at record pace, Bitcoin’s position among the world’s financial heavyweights may be just the beginning.
