As of April 25, 2025, Bitcoin (BTC) has ranked among the top five in global asset market capitalization, demonstrating its significant position in the traditional financial system. According to the latest data, Bitcoin's current market capitalization is approximately $1.86 trillion to $1.87 trillion, surpassing Google's parent company Alphabet ($1.859 trillion), Amazon ($1.837 trillion), and silver ($1.855 trillion), making it the fifth largest asset globally, only behind gold ($22 trillion), Apple ($3 trillion), Microsoft ($2.7 trillion), and Nvidia ($2.42 trillion). This breakthrough marks Bitcoin's transformation from a 'volatile asset' to a mainstream value storage tool.

The growth of Bitcoin's market capitalization is primarily driven by the following factors:

1. Institutional and policy support: The United States has included it in the 'cryptocurrency strategic reserve', accounting for 45%, driving institutional funds to continuously flow in through ETFs (e.g., BlackRock's IBIT asset management scale exceeds $10.3 billion, surpassing the largest silver ETF);

2. Macroeconomic safe-haven demand: Global economic uncertainty (such as geopolitical conflicts and inflationary pressures) has prompted investors to view Bitcoin as 'digital gold', with its scarcity (total of 21 million coins) and decentralized characteristics reinforcing this role;

3. Technical and market sentiment: Bitcoin's price broke through $93,000 in April 2025, with a monthly increase of 15%, contrasting with the weak performance of the NASDAQ 100 index, highlighting its safe-haven properties independent of traditional tech stocks;

4. Long-term growth expectations: Some institutions predict that Bitcoin's price could hit $200,000 by the end of 2025, potentially challenging Nvidia ($2.42 trillion) and Microsoft ($2.7 trillion) in market capitalization.

Although there is a need to be cautious of technical correction risks in the short term (such as daily MACD divergence and RSI overbought signals), in the medium to long term, Bitcoin still holds breakthrough potential against the backdrop of institutional accumulation, delayed effects of halving, and liquidity easing. Its continuous rise in market capitalization reflects the increasing influence of digital assets in the global financial system.