#BTCOvertakesAmazon Bitcoin has recently surpassed Amazon in market capitalization, reaching approximately $2.45 trillion and ranking sixth globally. This milestone signifies Bitcoin's growing acceptance as a store of value and hedge against macroeconomic uncertainty. Here are some key points about this development ¹ ² ³:

- *Market Capitalization:* Bitcoin's market cap briefly exceeded Amazon's, valued at around $2.421 trillion, driven by increased investor interest and ETF involvement.

- *Ranking:* Bitcoin now ranks sixth among global assets, behind gold, Nvidia, Microsoft, Apple, and Alphabet (Google's parent company).

- *Price:* Bitcoin's current price is around $118,408, with a limited supply of 19.76 million circulating coins contributing to its substantial market capitalization.

- *Institutional Interest:* The surge is attributed to growing institutional investment, with analysts projecting a 4-10x price growth potential for Bitcoin, potentially reaching above $500,000 in the coming years.

- *Driving Factors:* Key drivers include ⁴ ¹ ⁵:

- *ETF Inflows:* Substantial investment in Bitcoin ETFs, such as BlackRock's IBIT, which has attracted significant capital and enhanced market confidence.

- *US Policy Initiatives:* Supportive policies, like the establishment of a National Strategic Bitcoin Reserve and approval of spot Bitcoin ETFs, have bolstered Bitcoin's rise.

- *Macroeconomic Uncertainty:* Escalating geopolitical conflicts and high inflation have led investors to view Bitcoin as a hedging tool, similar to gold.

- *Institutional Adoption:* Companies like MicroStrategy and Metaplanet are incorporating Bitcoin into their balance sheets, further solidifying its position in the financial landscape.