Bitcoin (BTC) has reached a major financial milestone by surpassing both Amazon and Google in market capitalization, securing its position as the world’s fifth most valuable asset. On May 9, Bitcoin’s valuation soared to $2.045 trillion, surpassing Amazon’s $2.039 trillion, with its price reaching around $104,000. According to CompaniesMarketCap and CoinMarketCap, this move puts Bitcoin behind only NVIDIA, Apple, Microsoft, and Saudi Aramco in global asset rankings.
This achievement marks Bitcoin’s evolution from a fringe asset to a mainstream financial powerhouse. In the last month alone, BTC posted a 33.6% gain, a rally driven by loosening macroeconomic pressures, surging institutional adoption, and the widespread approval of spot Bitcoin ETFs. Leading companies such as BlackRock, Fidelity, and MicroStrategy have significantly increased their exposure, and countries with crypto-friendly regulations continue to support the asset's stability.
The landmark milestone is sparking increased conversations among major corporations, with Amazon reportedly facing pressure to consider a Bitcoin treasury strategy, highlighting BTC’s growing influence on corporate finance. The rise has also triggered one of the largest market short squeezes since 2021, with nearly $1 billion in liquidations and over 190,000 traders affected. As adoption deepens and traditional financial giants reevaluate their strategies, Bitcoin’s status as a digital reserve asset and an inflation hedge appears increasingly entrenched in the global economic landscape.
