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Bitcoin’s market cap sprinted past silver’s Monday evening, clocking in at a massive $1.75 trillion. The digital heavyweight now stands as the world’s eighth-largest asset, nudging silver down the global ladder. Bitcoin breached $89,000, hitting a fresh peak of $89,560 before dipping back slightly, as tracked by CoinGecko. The jump is the result of fierce institutional interest and a heated buildup around potential spot Bitcoin ETFs, putting BTC’s growth on a high-octane track.

Bitcoin last flipped silver back in March, marking Monday’s overtaking as the second BTC-Silver switch-up this year. Infinite Market Cap data reveals silver’s market cap slid 6.24% last week, resting at $1.732 trillion, while Bitcoin flexed its strength, rising roughly 30% in the same period.

Institutional Investors Embrace Bitcoin’s Shift

Bitcoin’s surge signals a profound shift as it becomes a trusted player on Wall Street. Traditionally conservative investors are warming to BTC, seeing it less as high-risk speculation and more as a long-term store of value. Meanwhile, silver’s decline only underscores Bitcoin’s strength as it outpaces historical assets in capital inflows. This shift isn’t just about numbers—recent U.S. elections stirred optimism, with pro-crypto leadership adding fire to the bullish sentiment. Trump’s re-election fueled expectations of fresh regulatory frameworks, emboldening investors to embrace the crypto economy.

“Bitcoin Industrial Complex” and Tech Stocks Follow Suit

Bitcoin’s booming performance has rippled across the broader “Bitcoin Industrial Complex.” This index, capturing U.S. Bitcoin ETFs, MicroStrategy, and Coinbase, saw record $38 billion trading volume, per Bloomberg’s ETF analyst Eric Balchunas on X. Investors are gravitating toward these beta plays, seeking exposure to high-risk, high-reward vehicles over traditional assets.

Coinbase soared, reaching $334.24 in Monday’s session, its highest in three years. MicroStrategy, the perpetual Bitcoin bull, surged past $351—a 25-year record. Bitcoin’s breakout has it trailing just seven global behemoths: gold ($14.7 trillion), and major tech giants like NVIDIA, Apple, Microsoft, Amazon, Alphabet, and energy titan Saudi Aramco, holding the seventh spot at $1.8 trillion.

Gold’s market cap is still over 10 times Bitcoin’s, but BTC’s scarcity narrative draws capital from investors hedging against traditional volatility. “The fact that gold is still 10 times larger than Bitcoin is incredible,” wrote The Kobessi Letter in a Monday post on X, highlighting Bitcoin’s potential as the ultimate scarcity asset in the shifting global market landscape.