Bitcoin surpasses Saudi Aramco in Market Capitalization

[bitmover]

Saudi Aramco is a big industry in petroleum and if BTC is going to cross a company of petrol then how can USA won't go after such asset. It can be one of the reason that they are after BTC now like they were after oil before.

Let's stop with the whole thing about the US going after oil, it's so yesterday's meme!
The US is the largest producer of oil, if you look who is exploring oil in Irak you will see China petroleum, if you look at who is exploring Venezuela it's China, and Sudan in a civil war? No problem, China Petroleum is there, Lybia, again China!

Apple sells more iPhones and laptops than the Saudi do oil,  the age when oil actually mattered are over!

As people say, Data is the new oil.

However, the oil still has some importance, specially for China.

China are not productors of oil in their own country, so they need to explore elsewhere and bring it to china.

The problem is that in case of war or though negotiations, they can just be blocked from getting oil into their country. This is why they are producing a lot and stocking it inside their country.

[ZAINmalik75]

As people say, Data is the new oil.

However, the oil still has some importance, specially for China.

China are not productors of oil in their own country, so they need to explore elsewhere and bring it to china.

The problem is that in case of war or though negotiations, they can just be blocked from getting oil into their country. This is why they are producing a lot and stocking it inside their country.

China will never lack oil because their CPEC project in our country will sort this problem along with many. You must read CPEC but I agree with stompix that oil is not the new meme anymore I did not check the numbers to see if more laptops or mobiles have been sold in America than Oil but it seems wrong to say.

If we check the stats they says oils consumption is still more than the demand of mobile phones and laptops. Oil is still the basic need that fulfills the need for other things too. Oil is a basic need not only for China or the USA but for all the countries and the ones selling it right now are many but Middle Eastern countries are on top.

[yhiaali3]

Frankly, what concerns me in this news is that Bitcoin exceeds Aramco or Google in terms of Market Capitalization as I am concerned that this means increasing the spread of bitcoin and increasing confidence in it as a strategic reserve origin around the world.

If the price of bitcoin increases to $200K, for example, it will exceed all these giant companies easily, but this does not mean increasing its spread and adopting it around the world, personally, I prefer to spread over the price.

[bitterguy28]

When do you think that we can overtake Google though?
What will be the price then if we will have to overtake them in the future?

i do not think google will be crashing down so bitcoin’s really going to have to make some big leaps to make it happen but just the fact that google is already within grasp of bitcoin is crazy if you think about how huge google is and how it was the ultimate investment especially if you were one of the few who had invested in it before and now bitcoin’s taking its place

just shows how nothing is permanent and we should always keep an open mind to new projects that may turn out to be like google or bitcoin in the future

bitcoin i think could do it this year but this is very very optimistic but then again you never know anything can happen