Bitcoin has reached a new milestone by surpassing Alphabet (Google) to become the world's fifth most valuable asset with a market capitalization of $1.87 trillion. This achievement reflects Bitcoin's increasing independence from U.S. tech stocks, highlighted by a strong 15% gain in April compared to the Nasdaq 100's 4.5% return. Despite remaining below its all-time high, Bitcoin's growth is fueled by supportive macroeconomic factors, including renewed investor confidence after President Trump's executive order on a Strategic Bitcoin Reserve and easing concerns over Federal Reserve policies and tariffs. Institutional interest is also rising, with significant ETF inflows signaling Bitcoin’s establishment as a distinct asset class amid challenges faced by tech giants like Alphabet.
Continue to read Bitcoin Surges Past Alphabet to Secure Position as the Fifth Most Valuable Global Asset
Bitcoin has reached a new milestone by surpassing Alphabet (Google) to become the world's fifth most valuable asset with a market capitalization of $1.87 trillion. This achievement reflects Bitcoin's increasing independence from U.S. tech stocks, highlighted by a strong 15% gain in April compared to the Nasdaq 100's 4.5% return. Despite remaining below its all-time high, Bitcoin's growth is fueled by supportive macroeconomic factors, including renewed investor confidence after President Trump's executive order on a Strategic Bitcoin Reserve and easing concerns over Federal Reserve policies and tariffs. Institutional interest is also rising, with significant ETF inflows signaling Bitcoin’s establishment as a distinct asset class amid challenges faced by tech giants like Alphabet.
Continue to read Bitcoin Surges Past Alphabet to Secure Position as the Fifth Most Valuable Global Asset
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