Bitcoin Surpasses Canada’s GDP and Amazon’s Market Capitalization

Bitcoin’s market capitalization reached $2.4 trillion. This figure exceeded the GDP of countries like Canada ($2.2 trillion) and Brazil ($2.1 trillion). The total value of the entire crypto market is estimated at $3.8 trillion, which is comparable to the GDP of the UK. According to StatisticsTimes, this rise allowed Bitcoin to surpass tech giant Amazon ($2.3 trillion) and silver ($2.2 trillion) in terms of capitalization. The event sparked a reaction in the financial community. Gold supporter Peter Schiff, on his X account, urged investors to seize the moment: ”With Bitcoin hitting new highs today (in dollars), it’s a great time to sell some and buy silver ahead of silver’s next big leg up. Even if Bitcoin keeps rising for a while, silver should rise much more. And while Bitcoin can easily crash, silver’s downside seems very limited.” Among the world’s billionaires, Bitcoin’s capitalization surpasses the combined net worth of Elon Musk ($404 billion), Larry Ellison ($274 billion), and Mark Zuckerberg ($247 billion), according to Forbes. The largest holder of Bitcoin remains its creator, Satoshi Nakamoto, with 1.096 million BTC worth $134.3 billion, making him one of the richest people on the planet, according to data from Arkham. Bitcoin is gradually becoming a global asset on par with gold and the stocks of tech giants. To surpass gold in terms of capitalization ($22 trillion), Bitcoin must exceed $1 million per coin. Since the beginning of 2025, gold and Bitcoin have become the most profitable assets. Their returns amounted to 28% and 26%, respectively. Previously, gold and Bitcoin have never occupied the top two spots in the profitability ranking within a single calendar year. This is the first such case in recorded history.

Source: Coinpaper