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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The Genesis Block and Its Embedded Message

On October 31, 2008, Bitcoin’s creator, Satoshi Nakamoto, introduced the idea of a decentralized digital currency through the publication of the Bitcoin whitepaper. However, this concept truly came to life on January 3, 2009, with the mining of the Genesis Block. This initial block not only launched the Bitcoin network but also became a historic moment, rewarding 50 BTC.

Embedded within the Genesis Block was a message reflecting Satoshi’s critique of the financial system at the time. It contained the headline from The Times newspaper of that day:

“Chancellor on brink of second bailout for banks.”

(This refers to the events of September 2008, when Treasury Secretary Hank Paulson proposed an emergency bailout plan to stabilize the financial system and prevent the collapse of major banks. However, Congress rejected the proposal, leading to heightened uncertainty in the markets, a decline in stock prices, rising unemployment, and an era of economic instability.)

This message was more than just a reference to the economic crisis of the time—it was a powerful symbol highlighting Bitcoin as an alternative to the existing financial system.

From Controversy to Global Acceptance

In its early days, Bitcoin faced skepticism from many. Accusations of being a Ponzi scheme, attempts to ban it, and years of criticism defined its initial phase. Despite these challenges, Bitcoin has grown into a significant part of the global economy. Today, some of the world’s largest companies hold Bitcoin on their balance sheets, countries like El Salvador have adopted it as legal tender, and Bitcoin remains the leading cryptocurrency with a market capitalization nearing $2 trillion.

Bitcoin’s 16-Year Legacy

This journey, which began 16 years ago, has since contributed to the financial freedom of countless individuals. Bitcoin is not merely a cryptocurrency; it is a symbol of decentralization and the digital revolution. While Satoshi Nakamoto’s mysterious identity remains a topic of intrigue, the legacy of Bitcoin has already secured its place in the future of finance.

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In 2011, he made a video called “What is Bitcoin?” in a contest organized by Satoshi Nakamoto and won a prize of 7002 BTC. He then sent these BTCs to a highly secure the Bitcoin wallet called IronKey. This wallet has a feature that permanently deletes the Bitcoins inside if the password is entered incorrectly more than 10 times. Thomas, who lost his passwords, has already made 8 incorrect attempts and only has 2 attempts left.

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A firm called Unciphered, as a company aiming to recover cryptocurrencies, claims that it can recover the Bitcoin in the wallet that Thomas cannot access. The company tweeted an open letter to Stefan Thomas saying they want to help recover the Bitcoins in the wallet. Also, the company claims that they have successfully accessed these kinds of wallets before and have the technology to access passwords after 200 trillion attempts, exceeding the allowed 10 attempts.

Lastly, Thomas has yet to respond to this issue. This situation raises debates about the security and accessibility of cryptocurrencies and emphasizes efforts to recover lost assets.

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Furthermore, in a groundbreaking revelation: 25B$ Bitcoin Found at Coinbase! So the cryptocurrency analytical platform Arkham, which allows us to track the transactions of companies and individual users in various blockchain networks, announced yesterday via a tweet that it discovered a Bitcoin reserve worth 25 Billion Dollars.

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Arkham revealed that the reserve of 1 Million Bitcoins worth 25 Billion Dollars belongs to Coinbase, one of the largest exchanges in the world.

With this discovery, Arkham tracking revealed that Coinbase Exchange currently holds the wallet with the highest number of Bitcoins in the world.. To understand the magnitude of this amount, it corresponds to approximately 5% of all Bitcoins and is almost equivalent to the number of Bitcoins owned by Satoshi Nakamoto.

The total assets held by the Coinbase Exchange are worth 29 Billion Dollars, and you can see its assets from here.

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