Bitcoin's market capitalization reached $2.205 trillion on May 22, 2025, surpassing Amazon's $2.135 trillion worth. The milestone came on "Bitcoin Pizza Day," commemorating the first documented Bitcoin purchase in 2010.
Alex Obchakevich, the founder of Obchakevich Research, believes this achievement would boost Bitcoin's credibility and attract new investors. BlackRock became the second-largest Bitcoin investor in May, demonstrating institutional interest in the cryptocurrency market. Hassan Khan, CEO of Ordeez, describes this as a "structural change," with Bitcoin serving as a benchmark currency. The overall cryptocurrency market capitalization exceeded $3.49 trillion, with an all-time high of $3.71 trillion expected in 2024.
Bitcoin ETFs saw $604 million in net inflows on May 21, while open interest in crypto derivatives hit $756.16 billion for perpetual swaps and $3.24 billion for futures. Obchakevich expects Bitcoin will hit $150,000 this year, with a steady increase to $200,000.
Khan observes that institutional confidence is increasing, notwithstanding short-term profit-taking and macroeconomic uncertainties. According to Ulli Spankowski, chief digital officer of Boerse Stuttgart Group, Bitcoin has matured into a genuine asset class, ranking fifth-largest internationally.
