Bitcoin Surpasses Google to Claim Spot as Fifth-Largest Global Asset Amid Fed Rate Cut Frenzy
Move over, Big Tech—Bitcoin just bulldozed past Google in the market cap rankings. As Wall Street piles into rate-cut bets, the OG crypto flexes its store-of-value muscles harder than a goldbug at a Fed press conference.
Here’s how the dominoes fell:
The Fed’s dovish tilt sent institutional FOMO into overdrive. Suddenly, that 'digital gold' narrative doesn’t sound so crazy to suits who mocked crypto winters. Meanwhile, Google’s ad revenue woes look downright archaic next to Bitcoin’s 24/7 volatility party.
Bonus jab: Traders now pivot between Powell speeches and Satoshi whitepaper quotes faster than a degenerate flipping Shitcoin memecoins.
One thing’s clear—when liquidity faucets turn on, crypto doesn’t just compete with traditional assets. It eats their lunch.