Bitcoin at the top: Surpasses Amazon and celebrates "Pizza Day" with record value

Bitcoin at the top: Surpasses Amazon and celebrates "Pizza Day" with record value

Today is a truly special day for cryptocurrencies. Bitcoin has surpassed the market capitalization of giant Amazon and reached a new all-time high, with its current value exceeding $2.2 trillion. This significant milestone not only confirms growing investor confidence, but also symbolically follows the famous "Pizza Day", which commemorates the first purchase of goods using cryptocurrency more than a decade ago.

Bitcoin has surpassed Amazon in market value

At the time of writing, Bitcoin's market capitalization is around $2.205 trillion, which is $70 billion more than Amazon's value of $2.135 trillion. This successful milestone is not only a technical or financial event, but also a strong signal to the general public and traditional markets.

"By surpassing Amazon in terms of capitalization, Bitcoin has attracted even more attention from the non-crypto audience," says Alex Obchakevich, founder of Obchakevich Research. He believes this growth will boost confidence in Bitcoin and contribute to further capital inflows into the cryptocurrency sector. Obchakevich also notes that Bitcoin has just set a new all-time high and is trading above $110,000, which could attract new investors from large funds.

Institutional interest and structural changes

An important aspect of the current growth is the growing interest of institutional players. In May, for example, BlackRock became the second largest Bitcoin holder after Satoshi Nakamoto, surpassing even companies like Binance. Hassan Khan, CEO of platform Ordeez, comments, "This is a structural change. Bitcoin is no longer just a hedging instrument, but is starting to become a reference currency."

According to CoinMarketCap data, the total market capitalization of cryptocurrencies is approximately $3.49 trillion, which, while still below the record highs set at the end of 2024, shows a clear upward trend. Bitcoin ETF trading volume saw nearly $604 million in inflows on May 21, further confirming investor interest.

The outlook for the future

Analysts believe the trend will continue. Obchakevich estimates that bitcoin could reach a value of up to $150,000 this year, with the potential for gradual growth to $200,000. "We are gradually heading towards $200,000 with gradual adjustments," he says.

Khan adds that growing interest from institutional investors and high open interest in cryptocurrency derivatives point to strong confidence in future growth. Although short-term fluctuations and macroeconomic uncertainty can affect market dynamics, fundamentals are very solid, he says.

Today's significance - "Pizza Day"

May 22 marks the legendary "Pizza Day", when in 2010, programmer Laszlo Hanyecz paid 10,000 Bitcoin for two Papa John's pizzas. This day is still a symbol of the first real use of Bitcoins to purchase goods and commemorates the beginning of the digital currency.

Spankowski, the cryptocurrency expert, notes that today Bitcoin has a market capitalization in excess of $2 trillion, making it the fifth-largest asset in the world, just behind gold and the largest publicly traded companies.

Conclusion

Bitcoin today has not only surpassed the value of one of the biggest global giants, but is also confirming itself as a significant part of the financial world. With growing interest from institutional investors, new highs and a symbolic "Pizza Day", the cryptocurrency represents an increasingly powerful alternative and reference currency on a global scale. Whether it is a technical innovation or an investment opportunity, one thing is certain - Bitcoin is at the top and likely has a long way to go.

*This is not an investment recommendation.

The Coingarage team