Bitcoin Surpasses Google in Market Capitalization, Becoming the Sixth Largest Asset Globally
Bitcoin, the leading cryptocurrency, has now surpassed Google in market capitalization and is ranked sixth in the world's most valuable asset rankings.
Bitcoin's market capitalization is now at $2.128 trillion, higher than Google's at just $2.075 trillion, behind only Gold, Nvidia, Microsoft, Apple, and Amazon.
Growth Momentum Driven by Institutional Adoption
The surge in Bitcoin’s market capitalization comes on the back of a wave of adoption following the approval of spot exchange-traded funds (ETFs). The US Securities and Exchange Commission (SEC) has paved the way for large inflows of global institutional capital into the cryptocurrency market.
As of June 9, BlackRock’s iShares Bitcoin Trust (IBIT) – the largest Bitcoin ETF – had over $70 billion in assets under management, growing faster than any other ETF. Fidelity FBTC came in second with $20 billion, while Grayscale GBTC came in third with nearly $20 billion.
President Donald Trump's Impact on Bitcoin Development
President Donald Trump has been a vocal supporter of Bitcoin, helping to boost its status and widespread adoption. He hinted at a Bitcoin reserve during his campaign, then signed an executive order establishing a digital asset vault upon taking office.
Analysts say Bitcoin could surpass $200,000 in the next few years.
Potential to Become the Greatest Asset in History
If this growth trend continues, Bitcoin could approach or surpass Microsoft and Nvidia to become the most valuable asset of all time, especially if the US maintains a crypto-friendly policy.
In the April Bitcoin Magazine podcast, Zach Shapiro – head of policy at Bitcoin research organization BPI – said that if the US government bought 1 million BTC, it would be a global shock that would strongly affect the value of this currency.
“If the US announced the purchase of one million Bitcoins, it would be a global earthquake. The price of Bitcoin would skyrocket, possibly reaching a million dollars per coin very quickly,” he said.
BPI CEO Matthew Hines also said that other countries are closely watching the US approach to Bitcoin to shape their own policies. To become a Bitcoin superpower, the US will need to hold a large amount of Bitcoin in its reserves.
UK Competition Commission Investigates Alphabet, Focusing on Google's Search and Advertising Services
Alphabet is facing pressure from antitrust investigations, declining control over digital ad revenue, and fierce competition from AI-focused rivals that could erode its position on AI ad tools like Performance Max and biosynthetic search summaries.
Legal Investigation in the UK and the European Union
Google remains under antitrust investigation in the UK and EU. The UK Competition and Markets Commission (CMA) is reviewing Google's search and advertising services under the Competition, Consumer and Digital Markets Act 2024, to determine whether Google should be granted Strategic Market Rights (SMS).
The CMA's plan includes priorities such as requiring choice screens for users when accessing different search providers, ensuring fair ranking principles for businesses, increasing content transparency for publishers, and supporting the transfer of consumer data to drive innovation.
European Union Oversees AI Briefs Under Digital Markets Law
The EU is also looking into AI-based search summaries under the Digital Markets Act (DMA), arguing that they favour Google-owned content, reducing traffic to third-party websites.
Ahrefs research found that AI summaries caused organic clicks to websites to drop by nearly 35%, negatively impacting publishers' ad revenue.
If the EU determines there has been a violation, Google could be heavily fined and forced to pay significant fines.
Source: https://tintucbitcoin.com/bitcoin-surpasses-google-as-the-6th-user-in-the-world-about-assets/
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