Bitcoin has crossed a significant milestone, overtaking Amazon in market capitalization, driven by increasing institutional support and a favorable regulatory environment.
Bitcoin Surpasses Amazon on the Stock Market
Bitcoin has reached a price of $122,000 per unit and has surpassed Amazon with a market capitalization of $2.407 trillion. This event marks a significant economic weight of the first and most well-known cryptocurrency, now ranking fifth among the world's most valuable assets, behind gold, NVIDIA, Microsoft, and Apple.
Three Key Factors Driving Growth
According to Vincent Liu, Chief Investment Officer at Kronos Research, this growth is driven by three main factors: institutional investment adoption, legislative support, and favorable macroeconomic conditions. Institutional funds have become key players, while potential laws being discussed in Washington create a stable foundation for the market's further growth.
Bitcoin's Prospects Through 2025
Some analysts anticipate Bitcoin could reach $150,000 by the end of 2025 if ETF investment flows continue strong and interest rate adjustments occur. However, it is important to consider that the lack of engagement from retail investors may slow this process, while regulatory changes could quickly shift market trends.
Bitcoin is increasingly becoming a significant part of the financial system, and while the future remains uncertain, its current role as one of the most powerful assets is evident.
