Yigit Taha OZTURK 
The crypto community celebrated a meaningful “Bitcoin Pizza Day” this May 22, as Bitcoin exceeded Amazon’s market capitalization, reaching $2.205 trillion. Experts say this symbolic milestone could significantly strengthen mainstream investor confidence.
According to CoinMarketCap data, Amazon currently holds a market cap of $2.135 trillion, which Bitcoin surpassed by approximately $70 billion.
Experts: “Bitcoin is becoming a benchmark currency”
Crypto researcher Alex Obchakevich noted, “Surpassing Amazon in terms of market cap has drawn the attention of non-crypto investors to Bitcoin.” He added that this rally would encourage new capital inflows into the crypto market. Bitcoin’s surge above $110,000, setting a new all-time high, is expected to draw large institutional investors.
Obchakevich also highlighted the growing influence of institutional players in the crypto space:
“In May, BlackRock became the second-largest Bitcoin holder after Satoshi Nakamoto, overtaking Binance.”
Hassan Khan, CEO of Bitcoin liquidity platform Ordeez, commented:
“This is a structural shift. Bitcoin is no longer just a hedge—it’s becoming a benchmark currency.”
Crypto Market Approaches New Highs
The total cryptocurrency market capitalization currently stands at $3.49 trillion, about 6% below the $3.71 trillion all-time high reached in late 2024.
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Bitcoin ETFs recorded nearly $604 million in net inflows on May 21. Current open interest in crypto derivatives is also significant:
- Perpetual swaps: $756.16 billion
- Futures: $3.24 billion
Obchakevich shared a bullish outlook:
“We are gradually moving toward $200,000. I believe we’ll see $90,000 and then $150,000 within this year.”
Khan reinforced the institutional perspective:
“Large ETF inflows and rising open interest reflect growing institutional confidence. While short-term profit-taking and macroeconomic uncertainty are slowing momentum, underlying indicators still show strong conviction.”
Bitcoin Pizza Day: From 10,000 BTC to $1.1 Billion
Today also marks Bitcoin Pizza Day, which commemorates May 22, 2010—when developer Laszlo Hanyecz made the first known purchase using Bitcoin: two Papa John’s pizzas for 10,000 BTC. At the time, that was worth less than $40. Today, it would be worth over $1.1 billion.
Ulli Spankowski, Chief Digital Officer at Boerse Stuttgart Group, commented:
“What was once a highly speculative asset has evolved into a serious asset class.” He added that Bitcoin, with a market cap over $2 trillion, is now the fifth-largest asset globally, following gold and the three largest publicly traded companies.
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