Bitcoin surpasses Google, now enters league of world’s largest assets
JAKARTA – Bitcoin has now secured the fifth spot among the world’s largest assets by market capitalisation, surpassing Google, Amazon, and even the precious metal silver.
According to companiesmarketcap.com, as of 23 April 2025, as reported by Bloomberg, Bitcoin’s market capitalisation surged to USD 1.87 trillion, marking a major shift in the global economic landscape that increasingly recognises digital assets as a cornerstone of modern investment.
The list of the ten largest assets by global market capitalisation as of April 2025 is as follows:
- Gold USD 22.4 trillion
- Apple USD 3.87 trillion
- Nvidia USD 3.63 trillion
- Microsoft USD 3.13 trillion
- Bitcoin USD 1.87 trillion
- Alphabet (Google) USD 1.86 trillion
- Amazon USD 1.79 trillion
- Saudi Aramco USD 1.79 trillion
- Silver USD 1.70 trillion
- Meta Platforms USD 1.45 trillion
Over the past several months, Bitcoin’s price has risen dramatically to the range of USD 93,000 – USD 94,000, driven by the following factors:
First, massive institutional adoption. The SEC’s approval of Bitcoin ETFs has opened the door to large inflows of capital from global financial institutions. Traditional investment portfolios are beginning to include crypto assets as part of their diversification strategies.
Second, support from the United States government. President Donald Trump’s statement regarding the potential formation of a national crypto reserve has delivered a major psychological boost to the market. This support reinforces Bitcoin’s legitimacy as part of the financial system of the future.
Third, a hedge against inflation. Amid global economic uncertainty and surging inflation, Bitcoin is seen as a potential alternative to gold, especially due to its limited supply, digital nature, and decentralised structure.
Analysts predict that Bitcoin still has significant room to grow. With increasing institutional adoption and regulatory support, Bitcoin has the potential to surpass USD 200,000 in the coming years.
If this growth trend continues, Bitcoin could approach—or even overtake—top technology assets such as Microsoft and Nvidia, and become the largest digital asset of all time.
Regarding Bitcoin’s future, Jurrien Timmer, Director of Global Macro at Fidelity, stated that Bitcoin surpassing USD 100,000 marks a new chapter.
He noted that Bitcoin is beginning to resemble gold in terms of its Sharpe Ratio, indicating similarities in their roles as stores of value.
The Sharpe Ratio is a metric used to assess investment performance relative to its risk. It helps investors understand how much return they are earning for each unit of risk taken. (EF/ZH)