Bitcoin overtook Amazon and became the 5th largest asset in the world
Bitcoin, which is considered gold in cryptocurrency, has now created a new history. Bitcoin has now become the 5th largest asset in the world by surpassing Amazon. Let us tell you that just a few weeks ago, Bitcoin had surpassed Google's total market cap and now it has defeated Amazon. According to experts, a positive jump in the price of Bitcoin is expected in the future as well. Amid trade agreements between the US and the UK, the Federal Reserve keeping interest rates stable or Donald Trump giving positive signals regarding tariff rates with China, today Bitcoin crossed the $103,000 mark and achieved the distinction of being the 5th most valuable asset in the world.
Status of Bitcoin and Amazon so far
According to Coinmarketcap, the current price of Bitcoin as of 4 pm on May 9 is around $103,033.56 and if we talk about the total market cap, it has touched the level of $2.04T. At the same time, Amazon's market cap is currently $2.039 trillion and the trading volume of the last 24 hours is $70.56 billion. Talking about the latest situation, only NVIDIA, Microsoft, Apple and Gold are above Bitcoin. In this, the market cap of gold is at the top, around $22.230 trillion.
This is the reason why the price of Bitcoin is increasing
Experts believe that this boom of Bitcoin is not only due to common investors, but the credibility is also increasing due to the continuous increase in institutional investment in it. Many countries of the world including America are now preparing Bitcoin Reserve. According to the report of Alva App, this achievement of Bitcoin is not just a hype, but it is proof that it is now getting mainstream recognition. Apart from this, Bitcoin is also gaining momentum due to the boom in ETF investment and distrust in the banking system.
Conclusion
Bitcoin Price reaching $103,000 is a big economic sign that Digital Assets are now challenging traditional investment options. Investors should keep in mind that while there is a possibility of big profits in Digital Currency, the risk is also very big. In such a situation, the journey of Bitcoin can become even more interesting in the coming times.
bitcoin is increasingly becoming an asset in which to park our savings. thanks for sharing this news with us. there are some who say that in the future bitcoin could surpass the capitalization of gold.