Bitcoin has reached a new all-time high, surging past $90,000 to hit $93,318, with its market capitalization soaring to $1.8 trillion, now exceeding that of silver.

This remarkable achievement positions Bitcoin as the seventh-largest asset globally, following tech giants like Alphabet, Amazon, Microsoft, Apple, NVIDIA, and gold.

Despite this surge, the market has seen a consolidation phase due to profit-taking, with $640 million in net outflows recorded over the last two trading days, a typical reaction after significant price increases.

The price increase of 39.5% occurred following Donald Trump's victory in the recent presidential election, rebounding from a previous low of $66,880.

This shift in Bitcoin's perception is part of a broader financial revolution, as institutions increasingly recognize its value as a strategic asset class.

As of today, Bitcoin ETFs have amassed over $84 billion in assets under management, representing approximately 66% of the total assets held in gold ETFs.

Record capital inflows into U.S. spot Bitcoin ETFs have been noted, with these funds now holding over 1 million BTC, valued at around $96 billion.

Nigel Green, CEO of deVere Group, suggests that the new administration may reduce regulatory barriers for digital assets, which could further boost Bitcoin's growth and investor confidence.

BlackRock's iShares Bitcoin ETF has surpassed the assets under management of its gold ETF in less than 10 months, a significant milestone compared to gold's two-decade timeline.

Analysts predict that Bitcoin ETFs could soon surpass the market cap of gold ETFs, a forecast that is significantly ahead of previous estimates made five years ago.

The DAPP ETF has experienced a slight pullback but maintains a positive medium-term outlook, bolstered by anticipated pro-crypto policies from the incoming Trump administration.

This milestone coincides with the 15th anniversary of Satoshi Nakamoto's first post on the Bitcoin Forum, highlighting the historical significance of Bitcoin's current trajectory.