Bitcoin Market Cap Surpasses Alphabet And Silver At $2.350 Trillion

Bitcoin, the largest cryptocurrency by market capitalization, has continued to expand its influence beyond its own industry, securing a position among the top largest assets by market capitalization. Its recent price surge allowed it to achieve a new all-time high close to $119,000, although it has since faced some resistance and is now down by over a grand. Despite this, its market capitalization has surpassed that of the second-largest precious metal, silver, and one of the most influential companies in the world, Alphabet.

This development is a stark contrast to the early days of Bitcoin, when it was launched as a peer-to-peer electronic system by an unknown creator and was ridiculed by traditionalists. Even three years ago, when it surged to roughly $70,000, it crumbled under pressure to under $20,000 within months amid industry-wide wipeouts, scams, and failures. However, fast forward to July 2025, and this same network has become a global phenomenon, adopted by countries, used by world leaders in their election campaigns, and tracked by the largest wealth managers through ETFs.

Bitcoin's price surge this week pushed its market capitalization to new peaks, standing close to $2.350 trillion. This makes it the sixth-largest global asset by market capitalization, surpassing Alphabet and silver. If Bitcoin's price ascent continues, Amazon stands next in line, while Apple, Microsoft, and NVIDIA are way further ahead. Gold remains the undisputed leader, with a market cap of well over $22.5 trillion.

The second-largest cryptocurrency, Ethereum, also experienced a substantial price revival this week, hitting $3,000 for the first time since February. Its market capitalization climbed to over $350 billion, placing it near the top 30 assets by this metric. Ethereum has surpassed the likes of Bank of America and SAP, with another precious metal, platinum, standing in its way next, with a market cap of almost $370 billion.

The implications of Bitcoin's rise are significant. With all Bitcoin holders now in profit, the cryptocurrency has achieved a level of stability and investor confidence that was previously unheard of. This development suggests that Bitcoin is increasingly being seen as a viable investment option, comparable to traditional assets like stocks and precious metals. The surge in Bitcoin's value has also brought it closer to the top five assets by market capitalization, with Amazon's market cap now within reach.

Behind Bitcoin and silver are tech giants like Google, Apple, Microsoft, and NVIDIA, all of which have market caps that are significantly higher than Bitcoin's current value. The rise of Bitcoin has also sparked discussions about the potential for a tech-crypto supercycle. With Bitcoin at $117,000 and NVIDIA crossing $4 trillion in market value, some analysts have suggested that this could signal the start of a massive tech-crypto supercycle. This would see the value of both tech stocks and cryptocurrencies rise in tandem, driven by investor enthusiasm and technological innovation. However, it is important to note that this is still a speculative scenario, and the actual outcome remains to be seen.

The surge in Bitcoin's value has also had implications for the broader digital currency landscape. With the cryptocurrency now bigger than Google and silver, it is clear that Bitcoin is no longer a niche asset. Instead, it is increasingly being seen as a mainstream investment option, with the potential to disrupt traditional financial systems. This development has also raised questions about the future of digital currencies, with some analysts predicting that Bitcoin could eventually overtake Amazon as the world's most valuable asset. However, this remains to be seen, and the actual outcome will depend on a range of factors, including regulatory developments and technological innovation.