Bitcoin Surpasses Canadas GDP and Amazons Market Capitalization: A New Era for Digital Assets

The market capitalization of Bitcoin has reached $2.4 trillion. This figure surpasses the GDP of countries like Canada ($2.2 trillion) and Brazil ($2.1 trillion). The total value of the entire cryptocurrency market is estimated at $3.8 trillion, which is on par with the GDP of the United Kingdom.

This surge has allowed Bitcoin to exceed the market capitalization of tech giant Amazon ($2.3 trillion) and silver ($2.2 trillion).

The development has triggered reactions within the financial community. Gold advocate Peter Schiff, in his X account, urged investors to seize the opportunity:

“Today, as Bitcoin reaches new highs (in dollars), it’s a great time to sell and purchase silver. Even if the leading cryptocurrency continues to rise, the metal should increase significantly more. While Bitcoin could easily drop, the potential decline for silver seems quite limited.”

According to Schiff, his criticism of Bitcoin contrasts with market data indicating a stable interest in the premier cryptocurrency.

Homyakov added that institutional investors are showing interest in the asset, confirming the perception of Bitcoin as a strategic and long-term investment.

A representative from Binance emphasized that the cryptocurrency market cap is not just an abstract number; it reflects the value of a new financial ecosystem used by hundreds of millions of people.

Homyakov cited examples of services from the company that demonstrate the real-world utility of cryptocurrencies.

“Over $230 billion has flowed through Binance Pay across 300 million transactions. Binance Earn users have earned more than $50 billion. This proves that cryptocurrencies are used for practical purposes such as paying for goods, cross-border transfers, and participating in DeFi,” he explained.

The fact that this digital asset has surpassed the market capitalization of a developed economy indicates a global shift in financial perspectives, believes Homyakov. He described the leading cryptocurrency as a unique blend of technology and a financial instrument that can scale globally without intermediaries.

Among the world’s billionaires, Bitcoin’s market capitalization exceeds the fortunes of Elon Musk ($404 billion), Larry Ellison ($274 billion), and Mark Zuckerberg ($247 billion) combined.

The largest holder of Bitcoin remains its creator, Satoshi Nakamoto, with 1.096 million BTC valued at $134.3 billion, making him one of the wealthiest individuals on the planet.

Bitcoin is gradually establishing itself as a global asset alongside gold and shares of tech giants. To surpass gold’s market capitalization ($22 trillion), Bitcoin needs to exceed $1 million per coin.

Since the beginning of 2025, the precious metal and the primary cryptocurrency have emerged as the most profitable assets, with returns of 28% and 26% respectively.

Historically, gold and Bitcoin have never occupied the top two positions for returns within the same calendar year. This marks the first occurrence of such a phenomenon.

Recall that Juan Leon, senior cryptocurrency research analyst at Bitwise, believes that the global GDP will increase by $20 trillion by 2030, driven by the digital asset and artificial intelligence industries.