Bitcoin (BTC) has once again achieved a major milestone. Following a strong price rally that pushed its value beyond US$123,000, Bitcoin has officially returned to the top five largest assets globally by market capitalization.

According to CompaniesMarketCap data as of Monday (July 14, 2025), Bitcoin’s current market capitalization stands at US$2.42 trillion, surpassing both Amazon and silver, which have market values of US$2.22 trillion and US$2.48 trillion respectively. This places Bitcoin as the fifth most valuable asset in the world by market cap.

The last time Bitcoin reached the global top five was in May 2025, when the leading cryptocurrency broke past the psychological threshold of US$100,000 for the first time since early February 2025.

In the rankings, Bitcoin now sits just below tech giants such as NVIDIA, Microsoft, and Apple. At the very top remains gold, still considered the ultimate safe haven asset, with a market capitalization of US$22.6 trillion—nearly ten times that of Bitcoin.

Could It Surpass Microsoft and Apple?

As reported by Cointelegraph, Enmanuel Cardozo, a market analyst at tokenization platform RWS Brickken, believes that continued institutional accumulation and favorable macroeconomic conditions could propel Bitcoin beyond Apple’s valuation. He suggests that this scenario could become reality if Bitcoin’s price reaches US$142,000.

Cardozo further noted that overtaking Microsoft’s market cap is also within the realm of possibility, especially with the surging demand for spot Bitcoin ETFs. If such demand continues, Bitcoin’s price might climb as high as US$167,000.

“With institutional heavyweights like BlackRock and the growing Bitcoin reserves held by MicroStrategy, Bitcoin’s legitimacy as an investable asset class is no longer in question—especially as the regulatory climate continues to shift positively,” he explained.

On July 14, 2025, Bitcoin hit a new all-time high of US$123,200, reinforcing the bullish trend driven by increasing institutional interest. Data from BitcoinTreasuries reveals that in the last 30 days, the number of companies holding Bitcoin on their balance sheets has doubled—from 124 to over 265 entities.

Currently, corporate holdings of Bitcoin total around 3.5 million BTC. Of that, approximately 853,000 BTC—about 4% of total supply—are held by publicly listed companies, while more than 1.4 million BTC, representing 6.6% of the supply, are owned through spot Bitcoin ETFs.

U.S.-based spot Bitcoin ETFs have also recorded seven consecutive days of net inflows up to the previous weekend. According to data from Farside Investors, there were especially large inflows on July 10 and 11, amounting to US$1.18 billion and US$1.02 billion respectively.

The positive sentiment is further bolstered by the ongoing “Crypto Week” event in the United States and rumors surrounding the possible resignation of Federal Reserve Chairman Jerome Powell. Powell has frequently been the target of criticism by President Donald Trump regarding interest rate policies in the U.S.