Bitcoin enters top 5 world's largest assets, surpassing Google, Silver, Amazon
Bitcoin (BTC) has surpassed Alphabet (Google) to become the fifth most valuable asset globally, with a market cap of $1.87 trillion compared to Alphabet's $1.859 trillion. BTC's price increased by 15% in April, while the Nasdaq 100 only returned 4.5%. This shift indicates a decoupling from its correlation with US tech stocks. Despite April's gains, BTC remains 16% below its all-time high of $109,000. Investor interest is reignited by Trump's criticism of the Federal Reserve and his executive order for a Strategic Bitcoin Reserve. Analysts suggest that capital outflows from US assets may benefit Bitcoin, which is now valued at more than two Teslas. Alphabet faces challenges from regulatory issues, antitrust concerns, and competition from AI-focused companies, impacting confidence in its future growth.
