Bitcoin has reached a major benchmark in its battle against traditional financial benchmarks, with its value relative to the S&P 500 hitting a record high of 17.725 on May 8.
This surge reflects growing investor confidence in the leading cryptocurrency, particularly as conventional markets face increasing uncertainty.
According to VanEck’s digital assets lead Matthew Sigel, this ratio marks a historic level, highlighting Bitcoin’s growing appeal over traditional equities.
The timing also coincides with Bitcoin momentarily overtaking Google in market capitalization—a symbolic shift underscoring crypto’s rising stature.
Market analysts point to the influx of institutional capital and ETF flows as the primary drivers of this momentum. Ki Young Ju, CEO of CryptoQuant, suggested that the familiar Bitcoin cycle theories may no longer apply in a landscape increasingly shaped by macro liquidity and corporate involvement.
With mounting concerns over sovereign debt and economic stability, Bitcoin continues to attract attention as a modern hedge—positioning itself as both a growth asset and a financial safe haven.
After more than four weeks of uninterrupted investor enthusiasm, BlackRock’s iShares Bitcoin Trust has reported its steepest daily outflow since its inception, signaling a potential shift in sentiment.
Pakistan’s aggressive embrace of Bitcoin mining has drawn scrutiny from the International Monetary Fund (IMF), which is now demanding clarity on the country’s allocation of 2,000 megawatts of electricity to digital assets and AI infrastructure.
A new analysis from China’s International Monetary Institute (IMI) suggests that Bitcoin is quietly gaining ground as a serious player in the global reserve system.
Bitcoin may be on the verge of a major supply squeeze, with dwindling availability and accelerating institutional interest setting the stage for potentially explosive price action, according to Sygnum Bank’s Katalin Tischhauser.