Bitcoin Surpasses Google to Become the World’s 5th Largest Asset

Highlights:

• Bitcoin briefly surpassed Alphabet, becoming the world’s fifth-largest asset with $1.87 trillion.
• Bitcoin’s market cap now outpaces Google, Amazon, and silver, signaling increased acceptance.
• BTC’s $94K surge fueled by Trump’s trade comments and record ETF inflows.

Bitcoin (BTC) briefly soared to claim the position of the world’s fifth-largest asset, surpassing Alphabet, Google’s parent company. CompaniesMarketCap data shows Bitcoin’s value hit nearly $1.87 trillion, slightly overtaking Alphabet’s $1.859 trillion. The flip sparked excitement throughout the crypto industry. Analysts view this as a clear sign of Bitcoin’s growing acceptance in traditional finance.

Bitcoin’s market capitalization has now outpaced major giants like Google and Amazon. Google is valued at $1.859 trillion, while Amazon’s market cap stands at $1.837 trillion. In addition, Bitcoin has also overtaken silver, a long-standing safe-haven asset, which is currently worth $1.853 trillion.

Still, Bitcoin has a significant gap to close before catching up with the top corporate giants. NVIDIA holds the fourth position with a valuation of $2.41 trillion, while Microsoft stands third at $2.72 trillion.

Apple ranks second with a massive $3 trillion market cap, while gold remains the leading global asset with a $22.4 trillion valuation. Gold and Bitcoin are similar as safe-haven assets against inflation and economic uncertainty. Both have limited supplies and are mined. Bitcoin often follows gold’s trends after a few months.

As of now, Bitcoin is the sole cryptocurrency to appear among the top 10 most valuable assets by market capitalization. Ethereum, in contrast, ranks much lower at 61st place, holding a market value of $217.5 billion.

Bitcoin Tops $94K as Trump Comments and ETF Inflows Fuel Rally

Bitcoin has jumped 11% this week, rising past $93,500 as investor sentiment continues to improve, according to CoinMarketCap. In Wednesday’s Asian trading hours, the cryptocurrency briefly crossed the $94,000 mark. This boost came after President Trump’s comments on easing global trade tensions, which lifted market confidence.

At the same time, spot Bitcoin ETFs in the U.S. saw a record-breaking $912.7 million in daily inflows. It was the biggest daily inflow since Trump came back, showing rising institutional interest in crypto.

Bloomberg Intelligence noted that Bitcoin’s recent price steadiness and lower volatility—particularly after the April 2 tariff surprise—may encourage more public companies to explore crypto for their treasury reserves.

"More US public companies might rethink the role of crypto in their corporate treasury management as they navigate the complicated global trade environment. Bitcoin has been less volatile than stocks since the April 2 tariff shock; continued price stability could prompt more… pic.twitter.com/djlwYq1Ef2

— matthew sigel, recovering CFA (@matthew_sigel) April 23, 2025

Bitcoin Surge Driven by Economic Changes and Long-Term Buying

Bitwise Chief Investment Officer Matt Hougan suggested that Bitcoin’s rally is a result of economic disruptions. He believes that the efforts to repair the economy will only fuel Bitcoin’s rise further. Bitcoin developer Adam Back expressed that, in his opinion, prices below $100,000 for Bitcoin are still considered cheap.

Bitcoin is rallying because they broke the economy. And the way they’ll "fix" the economy will make bitcoin rally harder.

— Matt Hougan (@Matt_Hougan) April 22, 2025

Additionally, long-term Bitcoin holders have started accumulating again, while short-term holders are still selling amid market uncertainty. According to CryptoQuant, the net position change for long-term holders is now positive, marking the first such increase since the last market peak. This suggests experienced investors are gradually boosting their Bitcoin exposure.

Behind the Scenes: What Bitcoin Smart Holders Are Doing Right Now

“If long-term participants continue increasing their positions, while short-term supply gets flushed out. This setup may serve as a constructive base for future price recovery.” – By @IT_Tech_PL pic.twitter.com/Wph6fKleXN

— CryptoQuant.com (@cryptoquant_com) April 22, 2025