Bitcoin Surpasses Google Value

**BTC HEARTBEAT NEWS NETWORK: ON THE PULSE!**
**BREAKING: BlackRock’s Bitcoin ETF Inflows Soar Past $40B, Fueling Historic Bitcoin Rally and Surpassing Google’s Market Cap**

In a defining moment for both traditional finance and the digital asset space, BlackRock’s Bitcoin Exchange Traded Fund (ETF), the iShares Bitcoin Trust (IBIT), has crossed a groundbreaking $40 billion in cumulative inflows. This historic milestone marks the latest chapter in the growing mainstream adoption of cryptocurrency and signals a dramatic shift in institutional confidence toward Bitcoin.

The surge, which saw over $643 million enter BlackRock’s ETF in just the past week, has ignited a bullish rally across crypto markets, sending BTC prices soaring. Bitcoin, the original and largest cryptocurrency by market capitalization, has now eclipsed the market value of tech giant Google (Alphabet Inc.), solidifying its place among the world’s most valuable assets.

Bitcoin’s market cap now exceeds $1.92 trillion, just ahead of Alphabet’s valuation of approximately $1.89 trillion. It places Bitcoin just behind Amazon and Apple, narrowing the gap with the world’s largest corporations—a staggering feat for a decentralized digital asset that launched only 15 years ago.

Eric Balchunas, senior ETF analyst at Bloomberg, described the inflows as “not just unprecedented but paradigm shifting.” According to Balchunas, “BlackRock’s ETF inflows reflect a tidal wave of institutional capital that is now viewing Bitcoin not just as a speculative asset, but truly as digital gold.”

BlackRock’s success with the iShares Bitcoin Trust comes amid a broader wave of traditional financial institutions entering the crypto sector. Since the U.S. Securities and Exchange Commission approved several spot Bitcoin ETFs in January 2024, institutional demand has exploded. Inflows into spot Bitcoin ETFs have consistently outpaced industry expectations, and BlackRock’s dominance underscores the credibility and trust legacy investors are placing in regulated vehicles for Bitcoin exposure.

The ETF’s explosive growth is not only boosting Bitcoin’s price, but also triggering renewed interest from sovereign wealth funds, pension funds, and endowments, many of which had remained on the sidelines amid regulatory uncertainty.

As BlackRock marches past $40 billion in assets under management for IBIT, the broader industry is already seeing ripple effects. Other leading asset managers, including Fidelity and ARK Invest, have reported record inflows into their own spot Bitcoin products.

Meanwhile, Bitcoin’s outperformance against major tech stocks and commodities is positioning the asset as a hedge not just against inflation, but against geopolitical uncertainty and fiat currency instability.

“This isn’t just a tech rally,” says Mikaela Tran, chief strategist at CoinWave Research. “This is Bitcoin cementing its role as a globally recognized macro asset. The tools institutional investors are accustomed to—liquidity, regulatory oversight, and ETF infrastructure—have now aligned with the crypto revolution.”

Retail investors, too, are riding the wave. Data from Glassnode shows a significant uptick in on-chain activity, with non-zero BTC wallet addresses reaching an all-time high. Bitcoin’s supply held by long-term holders has also surpassed previous peaks, signaling continued conviction from seasoned crypto investors even as price volatility surges.

In the wake of this rally, analysts are adjusting their forecasts. JPMorgan revised its 2024 year-end Bitcoin target to $125,000, citing structural inflows via ETFs and increasing scarcity due to the recent halving event.

At the macro level, Bitcoin’s rise above Google’s market cap may symbolize more than just numbers—it represents a philosophical shift in how the world perceives value, decentralization, and the future of finance.

As global markets increasingly wrestle with concerns over debt, inflation, and central bank intervention, the growing embrace of digitally native, permissionless networks like Bitcoin signals that the cryptocurrency age is entering a new era—one where Wall Street and Web3 are no longer at odds, but converging at scale.

Stay tuned to BTC Heartbeat’s On The Pulse for continued coverage of this historic moment in crypto finance.