1. Witnessing History: Bitcoin's Market Cap Surpasses International Giants
'Digital Gold' market capitalization surpasses $2.2 trillion, aiming for the top five globally
On the evening of May 21, Bitcoin's price rose to a historic high of [$110,000], reaching $111,111 at the time of writing. Its circulating market cap surpassed $2.2 trillion, exceeding traditional giants like Tesla ($1.3 trillion) and Tencent ($1.2 trillion), making it one of the top five global assets. This moment comes just four years after it first broke the $1 trillion market cap, creating a wealth legend of 1100% in four years; a 'decentralized asset' resurgence is rewriting the global wealth map.
Shocking comparisons behind the data
Bitcoin's market capitalization is approximately 1.4 times that of global gold reserves (about $8 trillion)
Surpassing the combined total of century-old companies like Visa and Johnson & Johnson
The price per coin has skyrocketed over 600% from the 2022 low ($16,000)
Social media is buzzing: #BitcoinToTheMoon trending again
From Musk to Binance CEO Zhao Changpeng, from American retail investors to Asian family offices, the 'this time is different' euphoria spreads. A Twitter user joked: 'Bitcoin has taught Wall Street what a 'rebel asset' is over 14 years.'
2. Why today? Three disruptive forces driving the change
1. The global central bank 'printing machine' malfunctions, and the battle for hard currency begins
The 'escape option' amid hyperinflation: Argentina's peso has an annual inflation rate of 289%, the Turkish lira plummeted by 60%, and the public is frantically purchasing Bitcoin to hedge against currency devaluation.
The 'unexpected assist' of central bank digital currencies (CBDC): 90% of central banks worldwide are accelerating the development of digital fiat currencies, which instead validates the underlying logic of Bitcoin — decentralized currency is not a utopia.
Signal of peak in the Fed's rate hike cycle: The market bets on interest rate cuts in 2024, and expectations of loose U.S. dollar liquidity stimulate risk appetite in the crypto market.
2. Institutions with 'real money' entering the market, financial giants rewriting the rules of the game
BlackRock's Bitcoin ETF raises $30 billion: Behind the largest ETF issuance record in U.S. history is the institutional funding's 'allocation necessity' for Bitcoin.
Traditional financial giants 'entering the mining game': Fidelity launches institutional-level custody services, Goldman Sachs includes Bitcoin futures in proprietary trading.
3. Technological Revolution + Geopolitical 'Dual Core Drive'
Bitcoin Halving Cycle Effect: In 2024, Bitcoin block rewards will be halved to 3.125 BTC, and the scarcity model will drive price expectations (historical data shows an increase of over 500% within 18 months after halving).
The Russia-Ukraine war has created a 'de-dollarization' necessity: The Ukrainian government accepts Bitcoin donations, Russian mining companies contribute 8% of global hash power, and crypto assets become new leverage in geopolitical games.
Ethereum ETF Ignites Ecological Synergy: The U.S. spot Ethereum ETF raised $1.4 billion in its first week, leading to an exponential explosion of liquidity in the entire crypto market.
3. The Split on Wall Street: The Ultimate Showdown Between Embracers and Detractors
Supporters: Bitcoin is the 'new oil'
Bridgewater's Dalio: 'Bitcoin is a perfect hedge outside of central bank balance sheets.'
J.P. Morgan report: 'Institutional allocation will rise from the current less than 2% to 10%, with a target price of $150,000.'
Blackstone founder Schwarzman: 'In the next decade, every family office must hold Bitcoin.'
Opposition: The bubble will eventually burst
Nobel Laureate Robert Shiller: 'Bitcoin has no intrinsic value; it is the largest Ponzi scheme in financial history.'
IMF warns: Volatility of crypto assets threatens financial stability, calls for global joint regulation.
Buffett's latest statement: 'I don't like Bitcoin; it doesn't produce anything.'
4. The Future is Here: Where is Bitcoin's next battlefield?
Becoming the 'strategic reserve' of sovereign nations
On March 6, 2025, U.S. local time, an executive order signed by the U.S. President will classify Bitcoin as a strategic reserve, making it the world's first superpower to hold Bitcoin as a reserve. More countries will follow suit, further pushing Bitcoin to new highs.
Conclusion: A wealth revolution that subverts cognition
When Bitcoin's market cap surpasses Tencent, what we are witnessing is not just a simple asset rotation, but a redefinition of the essence of money by humanity. Whether it is Wall Street's 'new rich' or the 'grassroots miners' in the crypto space, they are all caught up in the same tide at this moment — the endpoint of this tide may not be $150,000, but a further future: a parallel universe where sovereign currency coexists with decentralized assets.
At this moment, you holding Bitcoin will become a witness to history!
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