Bitcoin (BTC) has officially surpassed Alphabet (Google) to become the world’s fifth most valuable asset by market capitalization, with a market cap of $1.87 trillion as of April 23. This achievement places Bitcoin behind gold, Apple, Microsoft, and Nvidia. The cryptocurrency’s recent surge in value coincides with its decoupling from US tech stocks, particularly evident in April when Bitcoin’s price rallied 15% while the Nasdaq 100 saw returns of 4.50% during the same period. Despite these gains, Bitcoin’s price remains 16% below its all-time high of $109,000 set in January. The criticism of Federal Reserve Chair Jerome Powell by former President Trump and the proposed creation of a Strategic Bitcoin Reserve (SBR) are factors reigniting investor interest in cryptocurrency. Analysts believe that capital outflows from US assets could benefit Bitcoin as it provides a high beta to a portfolio without current tail risks associated with US tech. In addition, Bitcoin’s market worth of $1.87 trillion now exceeds that of two Teslas. Meanwhile, Alphabet is facing challenges such as regulatory crackdowns, antitrust issues, and a slowdown in digital ad revenue, which have led to concerns about its long-term dominance. It is worth noting that this article does not offer investment advice, and readers are advised to conduct their own research before making any financial decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) has officially surpassed Alphabet (Google) to become the world’s fifth most valuable asset by market capitalization, with a market cap of $1.87 trillion as of April 23. This achievement places Bitcoin behind gold, Apple, Microsoft, and Nvidia. The cryptocurrency’s recent surge in value coincides with its decoupling from US tech stocks, particularly evident […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/106745"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=106745"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/106745\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=106745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=106745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=106745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}