Bitcoin Overtakes Amazon in Market Cap Milestone

On May 22, 2025, Bitcoin marked 'Bitcoin Pizza Day' with a significant achievement: surpassing Amazon's market capitalization. The cryptocurrency's market cap reached $2.205 trillion, exceeding Amazon's $2.135 trillion valuation.

Fueling Confidence and Institutional Interest

This milestone is seen by many as a sign of Bitcoin's growing legitimacy and potential for further gains. Alex Obchakevich of Obchakevich Research believes this will attract even more attention and investment into the crypto market. He suggests the surge above $110,000 will draw new investors, especially large funds. Institutional players are indeed expanding their role, with BlackRock reportedly becoming the second-largest Bitcoin holder after Satoshi Nakamoto.

Hassan Khan, CEO of Ordeez, views this as a structural change, positioning Bitcoin as a benchmark currency rather than just a hedge.

Shruti Kohli from Bitrue sees it as a strong signal for the digital economy, establishing Bitcoin as a legitimate macro asset class.

However, Stan Low from GRVT argues the underlying principles of Bitcoin remain unchanged, regardless of the market cap milestone.

Market Overview and Future Outlook

The total cryptocurrency market cap is currently at $3.49 trillion, slightly below its all-time high. Bitcoin ETFs experienced substantial net inflows recently. Experts predict a continued upward trajectory for Bitcoin, with potential targets of $150,000 and even $200,000 in the coming months.

Khan highlights growing institutional confidence reflected in ETF inflows and open interest in derivatives, suggesting a solid foundation for future growth.

Key Takeaways

• Bitcoin's market cap surpassed Amazon's, signaling growing acceptance.
• Institutional investment continues to drive Bitcoin's growth.
• Analysts predict further price increases and market expansion.
• However, not all experts agree that this is groundbreaking.

Remembering Bitcoin Pizza Day

'Bitcoin Pizza Day' commemorates the first real-world Bitcoin transaction, where 10,000 BTC were used to purchase two pizzas back in 2010. Today, Bitcoin is recognized as a major global asset.