- Bitcoin continues to rise as its market value now surpasses that of Alphabet and places it as the fifth most valuable asset in the world.
- Bitcoin went up by 15% in April while the Nasdaq 100 was only up by 4.5%.
Bitcoin is now ranked as the fifth-largest asset in the world based on its market capitalization ahead of Alphabet. According to data, by April 23, 2025, Bitcoin hit an impressive number of $1.87 trillion, topping Alphabet’s $1.859 trillion.
This increase shows that the cryptocurrency has more independence from the precedent association with technology stocks. Bitcoin surged by 15% in April which was higher than the Nasdaq 100 return of 4.5%. The decision comes from macroeconomic factors, geopolitical risks as well as the use of Bitcoin as a strategic hedge. Albeit increasing every month, Bitcoin’s price is still down 16% from its high in January when Trump was inaugurated for his second term.
From Digital Currency to Global Asset Leader
This puts it in the fifth position behind Nvidia at $2.41 trillion, Microsoft at $2.72 trillion, Apple at $3 trillion, and gold at $22.4 trillion. Bitcoin is the only digital currency in the top ten for market capitalization while Ethereum the second biggest is ranked at 61 with a value of $217.5 billion.
For context, it can be seen that Bitcoin is now valued at even more than twice that of Tesla. In early 2021, Tesla purchased BTC for its corporate treasury at roughly $33,500 and has experienced an appreciation of roughly 180%. Its current value is over $1 billion.
However, Alphabet is encountering increasing pressure from the regulatory authorities, legal actions against it, and a decline in digital ads’ growth rate. The uncertainty concerning Google’s dominance in the market and its mighty competitors in the sphere of artificial intelligence poses more risks to investors.
Political Winds Shift Bitcoin Sentiment
Bitcoin’s high also comes with political activity towards the crypto asset. The President of the United States signed an executive order to create an SBR, the 60-day review period has almost passed, reigniting discussions over the possibility of the federal government holding BTC.
However, there is a heightened level of uncertainty that has arisen from President Trump’s attacks on the Federal Reserve Chairman Jerome Powell. While some of these comments can be felt as bullish, they’re helping to push up Bitcoin, which some regard as a non-political monetary infrastructure.
“Chatter questioning Fed independence is having positive spillover effects on BTC,” said K33’s head of research, Vetle Lunde.
Macro expert Fejau said that Bitcoin will benefit greatly from capital flight, especially as nations search for assets that are not reachable through sanctions, tariffs, or control. He highlighted that Bitcoin holds great potential as an investment with ‘beta’ without the current issues plaguing tech giants in the United States.
The recent upturn in Bitcoin causes an optimistic outlook for long-term investors to return. ARK Investment’s CEO Cathie Wood recently claimed that Bitcoin could have a market capitalization as large as gold. The highest level achieved was in early 2024 when Bitcoin almost touched $2 trillion. Gold, on the other hand, has reached a fresh high of $3,900 due to increasing economic uncertainty. At the time of writing, Bitcoin is at $93,701, 5.8% higher than 24 hours prior.
