recently surged past its previous all-time high, drawing attention as it approaches the $90,000 mark.Reaching $89,560, BTC’s market capitalization climbed to an impressive $1.75 trillion, pushing it past silver to become the eighth-largest asset globally.Infinite Market CapFor context, Bitcoin had first overtaken silver back in March. This second surge solidifies BTC’s position as a top global asset, a contender to watch out for.
That being said, the recent comparison to silver—a commodity long regarded as a stable store of value—reflects a shifting perspective among traditional investors, who increasingly view BTC as more than just a speculative asset.However, Bitcoin’s climb was brief.
Needless to say, Bitcoin’s performance this week has not only drawn investor attention but also boosted related indices, as many seek high-risk, high-reward alternatives beyond traditional investments. The broader “Bitcoin Industrial Complex” index—which tracks U.S.-listed BTC ETFs, MicroStrategy, and Coinbase—hasDespite gold’s market capitalization remaining more than tenfold that of Bitcoin, the appeal of BTC’s scarcity continues to draw investors looking for a strategic hedge against traditional market volatility.