Bitcoin has overtaken Alphabet as the world's fifth most valuable asset with a market capitalization of $1.87 trillion. This growth has transited alongside a notable decoupling from traditional tech stocks, evidenced by Bitcoin's 15% rise in April compared to the Nasdaq 100's mere 4.5%. The surge comes amid renewed investor interest fueled by former President Trump's stance on the Federal Reserve and efforts to create a Strategic Bitcoin Reserve. Although Bitcoin still sits 16% below its peak, analysts believe it can thrive amid potential capital outflows from US assets.
Bitcoin's market capitalization has soared to $1.87 trillion, surpassing Alphabet's valuation of $1.859 trillion. This marks Bitcoin's position as the fifth most valuable asset globally.
Despite remaining 16% below its all-time high, Bitcoin's 15% rally in April contrasts sharply with the Nasdaq 100's 4.5% returns, highlighting a significant decoupling from tech stocks.
Former President Trump's recent actions, including his criticism of the Federal Reserve and a push for a Strategic Bitcoin Reserve, are reigniting investor interest in cryptocurrencies.
Analysts suggest that capital outflows from US assets might favor Bitcoin, as it operates independently of tariff risks and presents significant portfolio benefits in current market conditions.
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