The cryptocurrency market witnessed a significant milestone on May 21, 2025, as Bitcoin soared to an all-time high of over $109,000. This surge has not only propelled all holders of BTC into profit but also placed Bitcoin ahead of industry giants like Amazon in market capitalization.
All Bitcoin Holders in Profit
With the recent price surge, Bitcoin holders have found themselves in a uniquely advantageous position. Data from Sentora (formerly IntoTheBlock) indicates that 100% of Bitcoin addresses are now in the money during this historic climb. As Bitcoin retested the $109,000 mark, the number of underwater holders has dropped to zero.
Previously, Sentora reported that 99% of BTC holders were profitable when the price surpassed $107,000. Among those celebrating this landmark are long-term holders, with approximately 75% having owned their Bitcoin for over a year. In contrast, over 21% acquired their BTC within the last year.
This surge follows a momentary decline below $80,000 in April, during which many new holders sold aggressively, potentially limiting their current gains.
Analyst Predicts Bitcoin Could Reach $600,000 in 2025
On the same day Bitcoin hit its record high, analyst Fred Krueger poignantly speculated that the cryptocurrency could reach an astonishing $600,000 by October 2025. While this forecast may appear overly ambitious, Krueger expects a climb to $150,000 by summer could set the stage for a further exponential increase.
Once we escape past 110K, there is no more friction.
It’s a smooth ride to 150k.“Ground Control to Major Tom”
— Fred Krueger (@dotkrueger) May 21, 2025
Bitcoin Surpasses Amazon in Market Capitalization
In an additional milestone, Bitcoin’s market capitalization has surpassed that of Amazon, affirming its status as a formidable financial player. As of May 21, Bitcoin’s market cap exceeded $2.166 trillion, while Amazon’s stood at approximately $2.157 trillion.
JUST IN: Bitcoin overtakes Amazon and Google to become the 5th biggest asset in the world. pic.twitter.com/dYqKvTTAEK
— Bitcoin Archive (@BTC_Archive) May 21, 2025
