Bitcoin has officially joined the ranks of the world’s financial heavyweights. On Wednesday morning, it briefly surpassed Alphabet, Google’s parent company, to become the 5th largest asset by market capitalization—trailing only gold, Apple, Microsoft, and Nvidia.
Bitcoin’s market cap climbed to $1.871 trillion during this surge, overtaking Alphabet’s $1.859 trillion valuation after the tech giant dipped following a legal setback over its ad tech practices.
This moment marks a major milestone in Bitcoin’s evolution from fringe experiment to a central player in global finance, gaining increasing attention from both retail and institutional investors.
For context, Bitcoin is now worth more than double Tesla’s valuation.
Its recent rise has also distanced it from traditional tech stocks. While the Nasdaq 100 fell 4.5% in April, Bitcoin surged 15%, reaching $94,000—and briefly touching $96,000.
Analysts say this divergence is a clear sign that Bitcoin is “decoupling” from its historic correlation with U.S. tech equities.
“This is the kind of market Bitcoin was made for,” wrote macro analyst Fejau. “Once the degrossing phase ends, it’ll be the fastest horse out of the gate.”
Multiple factors are fueling the rally:
- Easing U.S.-China trade tensions are renewing investor confidence across markets—but Bitcoin is leading the charge.
- Technical breakouts above key resistance levels are adding momentum.
- And strong performance across timeframes is catching attention:
- Up 13.3% in the past week
- Up 22.1% in the last 14 days
- Up 16.6% since April 1
Though still about 13–16% below its all-time high of $108,786 (set in January), analysts believe another record high may be just around the corner. Some forecasts suggest Bitcoin could hit $130,514 by May 1—a 38.3% jump from current levels.
Bitcoin has now leapfrogged silver in market value and outpaced giants like Amazon and Tesla, signaling major shifts in investor priorities.
Looking ahead, some market watchers believe it’s only a matter of time before Bitcoin surpasses Nvidia—and eventually even Apple and Microsoft—to become the second most valuable asset globally, behind only gold.
While short-term corrections are expected—some predict a dip below $100,000 by mid-June—the long-term outlook among bulls remains optimistic.
One thing is clear: Bitcoin is no longer on the sidelines. It has earned a seat at the top table of global finance.
