#比特币市值超越亚马逊#

"When Bitcoin takes the seat of Amazon, the taste of capital has changed"
Do you remember ten years ago when everyone was asking "What can Bitcoin buy?" Today, the answer is - it can buy the market value of the next Amazon. Yes, Bitcoin has just surpassed Amazon in the global asset rankings, marking a shift in capital appetite from "logistics + retail" to "scarcity + digital faith."

Amazon's business logic is quite traditional: optimize the supply chain with technology, crush competitors with scale, and lock in users with Prime membership. The logic of Bitcoin is simpler - a total supply of 21 million coins, censorship-resistant, and circulating globally. One is a super factory, the other is a digital gold mine.

Behind this market capitalization reversal is a change in market sentiment. In the context of inflation, capital is more willing to chase devaluation-resistant assets; and as expectations for interest rate cuts by the Federal Reserve rise, Bitcoin's appeal as a high-elasticity asset increases sharply. In other words, investors feel that "the goods in the warehouse will devalue, but the coins on the chain will not."

But we must also admit that although Bitcoin has won in terms of market value, Amazon's cash flow, user stickiness, and business moat remain solid. This is not a life-and-death struggle, but a reconfiguration of the capital landscape: one is a pillar of internet commerce, while the other is a spiritual banner of decentralized finance.

In conclusion, in one sentence: The taste of capital has changed, the main dish has switched from "physical logistics" to "digital gold."