Bitcoin (BTC) has just taken a major leap forward in the world of finance, climbing into the top five most valuable assets on the planet. As of April 23, Bitcoin’s market cap has reached an impressive $1.87 trillion, overtaking Alphabet (Google), which currently stands at $1.859 trillion, according to global asset rankings. Only gold, Apple, Microsoft, and Nvidia now stand ahead.
Bitcoin Outpaces Nasdaq in April Surge
BTC’s climb past Alphabet comes as it breaks away from its usual correlation with major U.S. tech stocks. In April alone, Bitcoin surged by 15%, significantly outperforming the Nasdaq 100’s 4.5% gain during the same period.
This rally follows a slow start to the year for crypto bulls, many of whom had anticipated stronger momentum after the U.S. presidential election. Despite April’s rise, Bitcoin is still 16% shy of its January all-time high of $109,000, set shortly after Donald Trump returned to office.
Trump’s recent policy moves — including sharp criticism of Federal Reserve Chair Jerome Powell and an executive order to form a Strategic Bitcoin Reserve (SBR) — are helping renew enthusiasm in the crypto space as the order nears its 60-day review mark.
According to Vetle Lunde of K33 Research, the current uncertainty surrounding Fed independence is playing in Bitcoin’s favor. Meanwhile, macro analyst Fejau noted that capital is flowing away from U.S. assets — and into Bitcoin — thanks to its global nature and lack of exposure to U.S.-specific risks.
“This is the kind of environment Bitcoin was made for,” Fejau explained. “Once the dust settles, BTC will be the fastest asset out of the gate.”
Bitcoin Now Valued at Over Twice Tesla’s Market Cap
Alphabet is currently dealing with increasing regulatory pressure, antitrust issues, and slowing ad revenues — along with rising competition from AI-driven challengers — all of which are weighing on investor confidence.
To put things into perspective, Bitcoin’s current valuation is more than double that of Tesla. Back in early 2021, the EV manufacturer made headlines by adding Bitcoin to its balance sheet at around $33,500 per coin. With today’s price levels, Tesla’s BTC holdings have appreciated by roughly 180%, now worth over $1 billion.
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always interested in your opinion!
