Bitcoin Surpasses Amazon: The Rise of Digital Gold! 💰🚀

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On this fateful day, May 22, Bitcoin, that audacious digital rebel, has once again defied the odds, momentarily catapulting its market capitalization to a staggering $2.2 trillion. In a twist of fate that would make even the most seasoned market watchers chuckle, it has outpaced the mighty Amazon, sending shockwaves through the financial world and pushing the total crypto market past Microsoft’s own lofty valuation of $3.39 trillion. Who knew a mere string of code could cause such a ruckus? 🤷‍♂️

Bitcoin’s 7-Day Gain Approaches 10%

On this remarkable day, Bitcoin’s market cap flirted with the $2.2 trillion threshold after the cryptocurrency reached a new all-time high of just over $111,500. This impressive feat propelled Bitcoin ( BTC) ahead of Jeff Bezos’ Amazon, which was languishing at around $2.17 trillion. Meanwhile, the crypto economy, in a fit of exuberance, soared past the $3.6 trillion mark, leaving Microsoft’s market cap of $3.39 trillion in the dust. Talk about a digital David slaying a corporate Goliath! 🥳

According to the oracle of Coingecko, Bitcoin’s meteoric rise has resulted in a 24-hour gain of just over 3% and a nearly 10% increase over the past week. At this price, the cryptocurrency is trading more than $1,000 above its January 20 peak, which, coincidentally, marked the inauguration of our pro-crypto friend, Donald Trump, as U.S. President. Coincidence? I think not! 😏

This latest surge seems to be fueled by the growing adoption of Bitcoin as a treasury asset by publicly listed companies. As reported by TopMob and other media outlets, more companies are finally waking up to the idea of adding Bitcoin to their treasury assets. Meanwhile, trailblazers like Michael Saylor’s Strategy and the Japanese-listed entity Metaplanet are hoarding their BTC like it’s the last slice of pizza at a party. 🍕

In addition to enhancing the allure of BTC, the increasing corporate appetite for this digital currency is seen as a shrinking of the supply available on the open market. Advocates of this crypto asset argue that this imbalance between supply and demand will inevitably lead to a surge in BTC’s fiat value. It’s like watching a game of musical chairs, but with a lot more zeros involved! 🎶

Meanwhile, unlike the mid-April days when it seemed tethered to traditional markets, BTC has decided to dance to its own tune, gaining over $35,000 since April 9, when it dipped to just over $75,000. As of this moment, BTC’s year-to-date gain stands at nearly 18%, making it one of the best-performing assets of 2025. Who would have thought that a digital currency could be the life of the party? 🎉

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2025-05-22 16:01