Bitcoin Surpasses Amazon in Historic Market Cap Milestone

Miami, FL — Bitcoin has surpassed Amazon in market capitalization, reaching $2.205 trillion as of May 22, 2025. This historical achievement, coinciding with ‘Bitcoin Pizza Day,’ marks a significant milestone for the cryptocurrency market.

Market data indicates that Bitcoin’s valuation now exceeds Amazon’s by $70 billion, which was reported at $2.135 trillion. This shift has attracted greater attention from mainstream investors and the general public.

Alex Obchakevich, founder of Obchakevich Research, stated, “By surpassing Amazon in terms of capitalization, Bitcoin has attracted even more attention from the non-crypto audience.” He added that the recent rally in Bitcoin prices, which traded above $110,000, might lead to increased investments in the crypto market.

Institutional interest appears to be a driving force behind Bitcoin’s ascent. In May, BlackRock became the second-largest holder of Bitcoin after its creator, Satoshi Nakamoto. Obchakevich noted, “This surge can strengthen confidence in Bitcoin and lead to new injections into the crypto market.”

Hassan Khan, CEO of Bitcoin liquidity platform Ordeez, emphasized that Bitcoin is transitioning from being seen merely as a hedge to becoming a benchmark currency. He remarked, “This is a structural change.”

According to CoinMarketCap, the total cryptocurrency market capitalization at this time stands at $3.49 trillion. Despite significant gains, this figure remains about 6% lower than the peak of $3.71 trillion in late 2024.

Market dynamics have shown that Bitcoin ETFs saw nearly $604 million in net inflows on May 21, contributing to the positive sentiment. Khan observed that large inflows into ETFs indicate growing institutional confidence in Bitcoin.

Looking forward, Obchakevich is optimistic about Bitcoin’s trajectory, predicting a gradual move towards $200,000. He stated, “I am sure that this year we will see Bitcoin at $150,000 and $90,000.” Khan acknowledged the short-term challenges but remained positive about the overall market’s foundation, noting, “The foundation is more solid than in any other cycle before it.”

Bitcoin’s rise on ‘Bitcoin Pizza Day’ is a reminder of the first real-world transaction in 2010, where Laszlo Hanyecz paid 10,000 BTC for two pizzas. This anniversary has added to the enthusiasm for Bitcoin, which many now see as a serious asset class.

Ulli Spankowski, chief digital officer at Boerse Stuttgart Group, commented, “What was once considered a highly speculative risk has evolved into a serious asset class.” He acknowledged Bitcoin’s current market cap of over $2 trillion, emphasizing its place as the fifth-largest asset globally, right behind gold and the three largest publicly traded companies.