Did $BTC Overtake Amazon?
Yes — Bitcoin's market capitalization has indeed surpassed Amazon's. Here’s how the timeline shapes up:
Milestones & Market Cap Comparisons
July 14, 2025: Bitcoin soared above $120,000, reaching a market cap of approximately $2.4 trillion, overtaking Amazon’s roughly $2.3 trillion. This pushed Bitcoin into the top five most valuable assets globally .
Previous milestones included:
May 21, 2025: $BTC reached $2.16 trillion, surpassing Amazon’s $2.15 trillion .
May 8–11, 2025: Bitcoin briefly overtook Amazon at market caps between $2.04–$2.05 trillion .
Since mid-July, Bitcoin has maintained or revisited that top-five assets ranking, leaving it above Amazon in value.
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What’s Fueling Bitcoin’s Rise?
Several key factors are powering this surge:
1. Record-breaking spot Bitcoin ETF inflows — In early July, ETFs registered back-to-back days of over $1 billion in inflows, notably to BlackRock’s IBIT, which now holds $80 billion+ .
2. Crypto-friendly legislation — "Crypto Week" in the U.S. brought regulatory clarity and encouragement, legitimizing institutional participation .
3. Macro tailwinds — A favorable policy stance, a weakening dollar, and Bitcoin’s increasing correlation with equity markets (e.g., Nasdaq) have boosted investor sentiment .
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What This Means
Legitimacy & Recognition: $BTC is no longer fringe—it’s now firmly among the world’s most valuable assets.
Institutional Adoption: With growing ETF engagement and corporate holdings, Bitcoin's institutional footprint continues to expand.
Next Targets: Analysts suggest that if momentum holds, Bitcoin could soon challenge asset heavyweights like Apple (~$3.1T) or Microsoft, with projected price potential between $142K–$167K .
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In summary: Yes — Bitcoin overtook Amazon in market capitalization starting in May and more definitively in mid-July 2025. This reflects a meaningful shift in how digital assets are perceived and valued within the global financial system.
