Bitcoin Market Cap Surpasses Amazon and Alphabet as Price Hits $108,436

On May 22, Bitcoin Magazine editor and Kraken Editor-at-Large, Pete Rizzo, shared news on his public X account. He noted that Bitcoin's price hit $108,436 per token and reached a massive value. This milestone pushed the total BTC market cap beyond $2.21 trillion.

Bitcoin's price hit $111,436 per token, reaching an enormous value of $2.21 trillion for BTC's market cap. This milestone pushes the total BTC market cap beyond $2.21 trillion. The figure is more than double the latest value of Tesla's market capitalization.

"Bitcoin price: $111,436

Bitcoin market cap: $2,210 trillion

Tesla market cap: $1.05 trillion

Tesla share price: $334.62"

The post continues, "A few more stats for the crypto-curious. Enjoy!

Digital assets outperforming traditional equities is no surprise to anyone in the space, but it’s always fun to see the stark difference in proportions. At last check, Amazon's market cap is $2.14 trillion and Alphabet's is $2.05 trillion. This is part of the broader shift in investor choices and market sentiment."

Bitcoin's price has surged more than 700% since March 2020, a period marked by the COVID-19 pandemic and significant changes in financial markets. The integration of Bitcoin by institutions and government entities has played a key role in this price increase.

Bitcoin's price has risen rapidly in recent months, fueled by reduced uncertainty in the financial environment and a higher risk appetite across many digital asset portfolios.

"No surprise to see Bitcoin price hit $111k today and BTC market cap rise above $2.21 trillion (more than double Tesla's market cap). A few more stats for the crypto-curious. Enjoy!

Digital assets outperforming traditional equities is no surprise to anyone in the space, but it’s always fun to see the stark difference in proportions. At last check, Amazon's market cap is $2.14 trillion and Alphabet's is $2.05 trillion. This is part of the broader shift in investor choices and market sentiment.

At one point on Monday, Bitcoin's price touched $111,436, propelling its market cap to a staggering $2.21 trillion. This figure dwarfs even the largest U.S. technology companies; for instance, Tesla's market cap stands at approximately $1.05 trillion, and its share price is currently $334.62 per common stock.

"Bitcoin price: $111,436

Bitcoin market cap: $2,210 trillion

Tesla market cap: $1.05 trillion

Tesla share price: $334.62

Digital assets outperforming traditional equities is no surprise to anyone in the space, but it’s always fun to see the stark difference in proportions. At last check, Amazon's market cap is $2.14 trillion and Alphabet's is $2.05 trillion. This is part of the broader shift in investor choices and market sentiment."

Earlier this year, bipartisan lawmakers in Washington discussed a bill that would set rules for stablecoin issuance and oversight. While the legislation primarily targets stablecoins, it signals a broader move toward crypto clarity.

Investors usually respond positively to reduced uncertainty in the financial environment, and this context has supported a higher risk appetite across many digital asset portfolios.

Economic factors like easing trade tensions have also helped bolster global markets. Together, these shifts have underpinned renewed interest in Bitcoin among traders. Overall, policy momentum appears to have enhanced confidence in crypto investment strategies.

Recently, there has been de-escalation in global tensions, creating calmer investment conditions worldwide. A trade deal between the United States and the United Kingdom has boosted cross-border commerce forecasts. Such macro factors often increase the appetite for assets carrying greater risk profiles.

Additionally, political promises to support cryptocurrency markets have fueled speculation among investors. While prior policies created volatility, current stances appear more crypto-friendly, offering traders fresh reasons to diversify into digital tokens and coins.

Consequently, market participants are balancing portfolios with both traditional and emerging assets. The blend of political and economic optimism has strengthened investor willingness to engage in new markets.

MicroStrategy's CEO, Michael Saylor, shared his perspective on Bitcoin's performance, arguing that avoiding purchases at peak prices might risk missing long-term benefits.

His firm, MicroStrategy, is known to hold billions in Bitcoin as part of its core strategy, with unrealized gains of over $23 billion so far this year.

This focus on enduring asset value over timing entry points is a key part of MicroStrategy's investment philosophy, which aligns with broader trends in the institutional sphere. Observers say this endorsement further validates Bitcoin's appeal to large investors, highlighting the increasing interest of institutions in digital asset deployment practices.

In another post, El Salvador's President Nayib Bukele shared details of the nation's Bitcoin performance.

He posted an image showing holdings valued at approximately $67