Bitcoin Now Bigger Than Alphabet After Hitting New ATH

Bitcoin is now bigger than Alphabet, the parent company of search giant Google, once again after the leading cryptocurrency hit a new record peak of $124,128 earlier this Thursday. 

This is not the first time that the flagship coin has raced ahead of the Mountain View, California-based tech giant. As reported by U.Today, it also managed to achieve such a feat in July.

Bitcoin is currently the fifth most valuable asset by market capitalization. 

The price of the leading cryptocurrency would need to soar to roughly $175,000 for the cryptocurrency to surpass iPhone maker Apple, which is the next company on the list (assuming that the market cap of the tech giant remains roughly the same). 

$130,000 in August? 

According to Polymarket bettors, Bitcoin now has a 46% chance of surpassing the $130,000 level as early as this August.

There is also a 5% chance that the bellwether coin will be able to top $150,000 during the remaining two weeks.

According to analyst Miles Deutscher, Bitcoin’s parabolic phase is about to begin. 

There is currently a 15% chance of Bitcoin skyrocketing to $200,000 this year. 

Outperforming gold 

Following the latest price surge, Bitcoin is now finally ahead of gold once again on a year-to-date basis.  

The XAUT/Bitcoin pair is down 3% on the Bitfinex exchange since the start of the year after collapsing by 42% in 2024. 

As reported by U.Today, Galaxy CEO Mike Novogratz recently predicted that Bitcoin could end up surpassing gold.  

The yellow metal is currently the most valuable asset, with a market cap of roughly $22.893 trillion.