Bitcoin Surpasses Google To Become The 5th Largest Asset In The World

The race to the top is back with a vengeance. While bitcoin has just crossed the symbolic $90,000 mark again, another milestone has been reached: its market capitalization has surpassed that of Alphabet (Google), propelling it to the fifth-largest asset in the world. BTC now shows a valuation of $1.87 trillion, joining the exclusive club of giants, just behind gold, Apple, Microsoft, and Nvidia. A spectacular comeback for an asset once considered “uncorrelated”… or outdated.

Bitcoin dethrones Google and leaves Amazon far behind

Until recently, talking about bitcoin as an asset to put in the same category as Apple or Microsoft raised eyebrows. Today, it surpasses Google, and doubles Amazon and silver like shifting into second gear. According to CompaniesMarketCap, BTC is now the fifth most valued asset in the world.

And the numbers don’t lie: +15% increase for bitcoin in April, while the Nasdaq 100 lost 4.5% in the same period. This wide gap illustrates a decoupling that is consolidating.

“This is the first time we’ve seen a real break between BTC and American techs“, highlights an analyst from QCP Capital.

It crossed $88,800, then $90,000, and now it’s aiming for $100,000.

In this context, bitcoin embodies a flight dynamic towards the alternative. While digital giants face regulatory pressure, performance-seeking investors turn to the queen of cryptos. And this without needing to release quarterly earnings.

The dollar wavers, the Fed worries, bitcoin benefits

Behind this rise, there is the sound of macroeconomic drums. Trump’s ordered strategic reserve of bitcoins, growing distrust towards Jerome Powell’s Fed policies, and especially the decline of the dollar index redraw the map of safe-haven assets. In this shaken landscape, bitcoin stands as a beacon.

“Discussions about the Fed’s independence have positive spillovers on BTC“, explains Vetle Lunde, researcher at K33. And that’s not all: 10-year US bonds have seen their “term premium” climb to a 12-year high, which according to Standard Chartered is historically bullish for bitcoin.

“If this momentum persists, a new ATH is very likely“, asserts Geoff Kendrick, crypto research head at the bank.

And while US institutions are bogged down, foreign investors turn to deterritorialized assets. The dollar is no longer king, and the idea of a diversified portfolio now almost always includes a share of bitcoin. Not to mention gold, whose value also keeps rising.

Global liquidity, the lifeblood and fuel of bitcoin

But to fully understand this skyrocketing, one must dive deeper: the engine is global liquidity. As macro analyst Fejau points out, bitcoin is not just a speculative asset. It reflects a global monetary imbalance, and its price is the thermometer of the overheating of the planetary money printing press. Explanations:

Bitcoin cannot be priced. It respects no borders. It depends on no central bank.

It therefore embodies this quest for absolute refuge in a multipolar world, where each nation prints its own instability. And it is precisely this quality that today attracts the capital of central banks, sovereign funds, and even traditional investors tired of unkept promises from Wall Street.

BTC’s rise, unlike gold’s, remains underestimated. Because its sensitivity to global liquidity makes it more nervous, but also more reactive. “Once the dust from the “degrossing” settles, it will be the fastest horse out of the starting blocks“, warns Fejau.

Bitcoin and gold are riding a wave of systemic distrust, while the dollar staggers. Meanwhile, stock markets lost $1.5 trillion, while $60 billion poured into cryptos. The king is naked… and bitcoin is here to remind us.