On Wednesday, bitcoin soared to a record $93,000, bringing its market capitalization to $1.3 trillion, slightly behind Amazon ‘s $1.8 trillion valuation and ahead of Nvidia’s $1.2 trillion.
The deVere Group, one of the world’s largest independent financial advisory and asset management organizations, predicts that bitcoin could overtake Amazon as early as January 2025, changing the ranking of the world’s most expensive assets, which is currently headed by Apple ($3 trillion), Microsoft ($2.8 trillion) and Saudi Aramco ($2.1 trillion).
“Bitcoin’s unprecedented rise to $93,000 reflects the extraordinary changes in global markets”
– says Nigel Green, CEO of deVere Group.
Trump will affect bitcoin’s capitalization
“As the new US administration, led by President-elect Trump, approaches the start of its work, pro-cryptocurrency policies are expected to accelerate bitcoin’s growth,” Green adds.
In his view, Trump’s stance on reducing regulatory barriers to digital assets has sparked a new wave of confidence among investors. This momentum could propel bitcoin to the top of the global asset list, overtaking large corporations such as Amazon within weeks.
Protection against inflation
Bitcoin’s rally in 2024 was fueled by fears of a new wave of inflation and growing demand for decentralized assets. Investors see bitcoin as a hedge against economic uncertainty, given its scarcity and independence from traditional financial systems.
The institutional acceptance of bitcoin has added a new level of stability to it: large companies and asset managers are integrating the cryptocurrency into their portfolios, which indicates that bitcoin is moving from a speculative asset to a mainstream financial instrument.
“The potential for bitcoin to surpass Amazon and become one of the five most valuable companies would have been unthinkable just a few years ago,” Green adds.
According to him, it’s not just about the price – it’s about a broader financial revolution. Investors are recognizing that bitcoin is not just another asset. It is changing the way value is stored, transferred, and recognized around the world.
Growing institutional interest has given bitcoin the credibility it needs to attract large-scale investment. Financial giants, from asset managers to publicly traded corporations, are embracing bitcoin as part of a diversified strategy. This shift reflects the transformation of bitcoin from a niche asset to a recognized strategic asset class.
Bitcoin’s resilience
The expert continues: “As we witness growing institutional participation, bitcoin is no longer just a retail phenomenon. The constant inflow of capital from major players adds to its resilience, and this is key to its stability as it moves towards a larger market capitalization.”
“With the emergence of Amazon, the potential for bitcoin seems almost limitless.”
If bitcoin surpasses Amazon’s valuation, it will mean more than just a record price – it will be a sign of the evolution of the financial landscape itself. This shift signals the rise of digital assets as an integral part of the global economy, challenging established norms of asset valuation and financial security.
“This is a pivotal moment for bitcoin and for finance in general,” says deVere Group CEO. He believes that digital assets will continue to gain more market share in the coming months as they become important components of modern investment portfolios. Those who follow this trend will be able to benefit from the next era of financial innovation.
