Bitcoin has recently staged a strong rebound, with its Fully Diluted Valuation (FDV) soaring back to $1.96 trillion**—surpassing tech giants **Amazon** ($1.91T) and Google's parent company Alphabet** ($1.85T).
Bitcoin’s FDV Outpaces Amazon and Google
As BTC’s price rallies, its FDV highlights its growing dominance in global markets:
Key Metrics:
- BTC Price: $93,320** (narrowly consolidating after nearing **$95K on June 23)
FDV Comparison:
- Apple: $3.07T
- Microsoft: $2.78T
- NVIDIA: $2.5T
- Gold: $22.4T (long-term benchmark)
Despite 2024’s tech stock corrections, Bitcoin demonstrates remarkable price resilience, though it remains distant from its all-time high above $100K.
US Stocks Extend Gains Amid Market Optimism
Traditional markets also surged on June 23, fueled by:
- Political catalysts: Former President Trump hinted at lowering China tariffs and retaining the Fed Chair.
Sector performances:
- Dow Jones: +1.07% (39,606.57)
- S&P 500: +1.67% (5,375.86)
- Nasdaq: +2.50% (16,708.05)
- Philadelphia SE: +3.96% (3,983.92)
US Treasury Secretary Scott Bessent noted potential trade negotiations with China, but tariffs remain elevated (145–245% on Chinese imports; 125% retaliatory rates).
FAQ: Bitcoin’s Market Position
Q1: How does FDV differ from market cap?
A: FDV calculates the total value if all coins (including unmined) existed, while market cap reflects circulating supply only.
Q2: Why compare Bitcoin to tech stocks?
A: Both attract institutional investments, serving as alternative stores of value amid macroeconomic shifts.
Q3: Could BTC’s FDV overtake gold long-term?
A: While possible, gold’s 22.4T lead underscores Bitcoin’s early-stage growth—watch adoption rates and ETF inflows.
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