Bitcoin Surpasses Canadas GDP and Amazons Market Capitalization

The market capitalization of Bitcoin has reached $2.4 trillion, surpassing the GDP of countries such as Canada ($2.2 trillion) and Brazil ($2.1 trillion). The total value of the entire cryptocurrency market is estimated at $3.8 trillion, comparable to the GDP of the United Kingdom.

This surge has allowed Bitcoin to surpass technology giant Amazon ($2.3 trillion) and silver ($2.2 trillion) in terms of market capitalization.

This milestone has sparked reactions within the financial community. Gold advocate Peter Schiff took to his X account to urge investors to seize the opportunity:

*“Today, as Bitcoin hits new highs (in USD), it’s an excellent time to sell it and buy silver. Even if the leading cryptocurrency continues to rise, the metal is likely to appreciate much more. While Bitcoin could easily crash, the downside potential for silver appears very limited.”*

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

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

The first cryptocurrency is increasingly becoming a global asset on par with gold and shares of tech giants. To surpass gold in terms of market cap ($22 trillion), Bitcoin would need to exceed $1 million per coin.

Since the beginning of 2025, silver and Bitcoin 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 in annual return rankings within a single calendar year. This marks the first occurrence of such an event in the recorded history.

Furthermore, Juan Leon, a senior analyst for cryptocurrency research at Bitwise, believes that global GDP will grow by $20 trillion thanks to the digital asset and artificial intelligence industries by 2030.