Bitcoin Surges Past Google
According to recent market data, Bitcoin has overtaken Google to become the sixth-largest asset in the world by market capitalization, valued at $2.12 trillion compared to Google’s $2.07 trillion. This shift has garnered attention from finance desks and crypto discussions alike.
Key Highlights
- Bitcoin’s rise reflects more than just a price increase; it’s a significant achievement for a token launched in 2009 competing with a tech giant founded in a Silicon Valley garage.
- Although Google remains dominant in search, ads, and AI, Bitcoin’s network value now ranks just below gold, Nvidia, Microsoft, Apple, and Amazon.
- The comparison is not entirely fair since Bitcoin is measured by coins in circulation while Google is based on shares outstanding, yet the headline is hard to overlook.
ETF Flows Drive Growth
As of June 9, BlackRock’s iShares Bitcoin Trust has amassed over $70 billion in assets, making it the largest spot ETF for Bitcoin. Following closely are Fidelity’s FBTC with $20 billion and Grayscale’s GBTC with just under $20 billion.
These numbers rapidly increased after the U.S. Securities and Exchange Commission approved spot ETFs. Major investors have entered the market, contributing to upward pressure on Bitcoin’s price, which is currently trading at $107,062.
US President Donald Trump Backs Bitcoin
U.S. President Donald Trump has shown support for Bitcoin through campaign statements and executive actions, including the idea of a Bitcoin reserve and an executive order aimed at creating a digital-asset stockpile. Critics highlight the complexities of establishing a government wallet, yet the president’s endorsement has fueled optimism among traders and policy experts.
Analysts Eye Sky-High Targets
Zach Shapiro of the Bitcoin Policy Institute suggested that if the U.S. government purchased 1 million coins, it could trigger a “global seismic shock” in price, potentially driving Bitcoin to around $1 million per token. Fellow director Matthew Hines noted that other nations are observing the U.S. approach as they formulate their own cryptocurrency regulations. Some analysts predict Bitcoin could exceed $150,000 or even $250,000 in the upcoming years if current trends persist.
Regulators Put Google Under The Microscope
In filings from the UK’s Competition and Markets Authority, Alphabet is facing an antitrust investigation into its search and ad businesses under the Digital Markets, Competition and Consumers Act 2024. The CMA is evaluating potential rules on choice screens, ranking fairness, and data portability. Similarly, EU regulators are scrutinizing AI-generated summaries that may negatively impact publisher revenue.
Featured image from Fingerlakes1, chart from TradingView
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Comments (10)
Innocent
20:44 - 28/06/2025
Good project
Innocent
20:44 - 28/06/2025
Good project
Tahir Aminu
18:39 - 28/06/2025
💪
Adaobi Ofodile
18:15 - 28/06/2025
Google and Bitcoin is one of the top assets globally . Great job our there.
Aderemi Sunday
14:14 - 28/06/2025
https://tradesavi.com/flash-news/move-over-google-bitcoin-is-now-one-of-the-top-6-assets-worldwide/