Bitcoin has shattered records by hitting a new all-time high of $90,000, propelling its market cap to an impressive $1.738 trillion and overtaking silver to become the world’s eighth-largest asset. This surge has occurred twice this year, with Bitcoin initially surpassing silver in March. As Bitcoin’s value climbs by 28%, silver has seen a decline of 7.33% over the last week, indicating a significant shift in asset preference among investors.

The ascent of Bitcoin is reshaping investor sentiment, recognizing it as a stable store of value akin to silver, although still trailing far behind gold’s $17.44 trillion market cap. This rally coincides with a noticeable shift in U.S. politics favoring pro-crypto lawmakers, prompting more investors to consider Bitcoin as a viable alternative to traditional investments.

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