Bitcoin surpasses Saudi Aramco in Market Capitalization

[Kemarit]

https://companiesmarketcap.com/assets-by-market-cap/

Bitcoin has surpasses Saudi Aramco in terms of marketcap. And obviously this is due to the recent spike of Bitcoin's price as we have gotten to the $100,000, first time that we have seen a six digit.

With that, our total market cap has risen as well and now we are in the top 10 amongst the most valuable companies in the world. Next in our target is Google. But it might take sometime before we can overtake them.

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?

[Baofeng]

Good, but this is not permanent though, we can even reach the number 1 spot in the future, but I guess it won't mean a thing as this is just numbers for us. What I mean that is not a permanent because we all know how volatile the market is.

A 10% dump means that we might see a huge decrease in price and so the we will go down in the list obviously. And then we have the bear market as well, as we all know that the price will have a big downward spiral. So for now the numbers might look good in paper only.

[robelneo]

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?

This year everything happens so fast. Trump's added interest in Bitcoin is one of the reasons why it reaches $100k, so its possible that in the next three years we will see events that we can imagine possible. I stopped thinking what's going to be; things just happen unexpectedly, and for the benefit of Bitcoin, just ride the wave, and we will soon overtake Google, maybe in the next three years or earlier.

[ZAINmalik75]

https://companiesmarketcap.com/assets-by-market-cap/

Bitcoin has surpasses Saudi Aramco in terms of marketcap. And obviously this is due to the recent spike of Bitcoin's price as we have gotten to the $100,000, first time that we have seen a six digit.

With that, our total market cap has risen as well and now we are in the top 10 amongst the most valuable companies in the world. Next in our target is Google. But it might take sometime before we can overtake them.

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?

Google have a marketcap of 2.3 trillion and BTC 1.9 Trillion it won't take much time for BTC to overtake Google and the price it have to get in order to overtake should be $120k to $130. In this bull season BTC can easily hit $110k to $150k if all the news just like now goes in its favor.

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.

[TomPluz]

I am not good at math and my mind can go crazy just thinking of the numbers but I am sure that once Bitcoin will one day be worth at least a million dollar then many HUGE companies will be overtaken including Google, Microsoft and Amazon. Yes, it can take a lot of time and it because Bitcoin is a very volatile asset, anytime there is always that possibility of a crypto winter which has had been the basis why in the past Bitcoin was called as already dead. However, to me, I don't really care if Bitcoin will overtake what company the most important thing is that we are holding something into the future and it is giving us that sense of excitement and value financially.

[0t3p0t]

I am not good at math and my mind can go crazy just thinking of the numbers but I am sure that once Bitcoin will one day be worth at least a million dollar then many HUGE companies will be overtaken including Google, Microsoft and Amazon. Yes, it can take a lot of time and it because Bitcoin is a very volatile asset, anytime there is always that possibility of a crypto winter which has had been the basis why in the past Bitcoin was called as already dead. However, to me, I don't really care if Bitcoin will overtake what company the most important thing is that we are holding something into the future and it is giving us that sense of excitement and value financially.

This. We actually feel happy upon seeing Bitcoin surpassing every established companies but I am that happy to see Bitcoin reaching another milestone and we are still here to support it and embrace it's technology because for me Bitcoin is our future.

[joniboini]

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.

I find that unlikely. Marketcap aside, the USA will go for Bitcoin because they want a pie out of it. I also think this capitalization calculation is a bit misleading for assets like Bitcoin. It's not a company and the volatility is much higher compared to stocks. I wouldn't be surprised if we fall outside of the top 10 or whatever list we're comparing when we enter the bear market. It doesn't take long to pump it again though, so this metric is kinda useless for me.

[Stompix]

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!

[Azharul]

https://companiesmarketcap.com/assets-by-market-cap/

Bitcoin has surpasses Saudi Aramco in terms of marketcap. And obviously this is due to the recent spike of Bitcoin's price as we have gotten to the $100,000, first time that we have seen a six digit.

With that, our total market cap has risen as well and now we are in the top 10 amongst the most valuable companies in the world. Next in our target is Google. But it might take sometime before we can overtake them.

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?

Yes, we can see that bitcoin passed saudi aramco in this moment. We also saw that's bitcoin price is increase gradually in cryptocurrency market. We also saw that's bitcoin price is running $100k in cryptocurrency market. I think that bitcoin price will passing saudi aramco that's simple matter in cryptocurrency market. Because we know that bitcoin is one of the best valuable crypto in cryptocurrency market. I also believe that within a short time bitcoin price is increase near $120k-$150k.

[ZAINmalik75]

I find that unlikely. Marketcap aside, the USA will go for Bitcoin because they want a pie out of it. I also think this capitalization calculation is a bit misleading for assets like Bitcoin. It's not a company and the volatility is much higher compared to stocks. I wouldn't be surprised if we fall outside of the top 10 or whatever list we're comparing when we enter the bear market. It doesn't take long to pump it again though, so this metric is kinda useless for me.

These numbers matters because this is how we can know BTC have huge potential it had crossed many big companies by market cap and the number one is Gold and in few years BTC will also cross Gold by market cap too.

In bear market BTC will dump but that would be temporary so it will certainly retake its place Therefore, it is not wrong to say these metrices are useless but they are bullish too for example no one is talking about ETH crossing many companies like ETH crossing Netflix by market cap and on the 25th number by market cap but now all eyes are on BTC that's why its performing too.

[joniboini]

These numbers matters because this is how we can know BTC have huge potential it had crossed many big companies by market cap and the number one is Gold and in few years BTC will also cross Gold by market cap too.

Are you referring to how people can use markets to determine how much returns they should expect from buying that asset? I can see that useful for small/medium market cap tokens (or low volume tokens), but I don't think you can see that from Bitcoin market cap. I mean, can I tell you that Bitcoin will be worth $1 million in the future because its market cap is more valuable than gold? How can I even calculate that?

I guess this is what happens if I'm too familiar with how traditional markets use this metric. They use it to determine whether a company is likely to grow or not, how much should they buy a company, and so on. Which is way too different from how crypto market works. CMIIW.

[hugeblack]

With market caps exceeding $1 trillion for some companies, it is possible to surpass these companies' market caps, but we will not be number 2 for 5 to 9 years. The best we will get now is to surpass Amazon and stay close to NVDA.

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

Even these countries have begun to diversify their investments away from oil.

[ZAINmalik75]

Are you referring to how people can use markets to determine how much returns they should expect from buying that asset? I can see that useful for small/medium market cap tokens (or low volume tokens), but I don't think you can see that from Bitcoin market cap. I mean, can I tell you that Bitcoin will be worth $1 million in the future because its market cap is more valuable than gold? How can I even calculate that?

No, I was referring to this is how people can know what BTC has achieved so far and how it has taken this place in a few years while others took many years. The growth it is showing also suggests that in a few years, BTC has the potential to take gold's place, but that would certainly take 2 to 5 halvings for BTC and maybe more. What you are saying is certainly difficult with BTC due to the high market cap. I agree with that too.

I guess this is what happens if I'm too familiar with how traditional markets use this metric. They use it to determine whether a company is likely to grow or not, how much they should they buy a company, and so on. Which is way too different from how the crypto market works. CMIIW.

Things are possible if the market cap difference is not that much and to grow it takes lots of time like to reach the current position BTC took 15 years. Maybe in another year if it could replace Gold by market cap it can happen but it does not mean we should invest now because that market cap can mean BTC will have 800k at least.

[alltalk]

This year everything happens so fast. Trump's added interest in Bitcoin is one of the reasons why it reaches $100k, so its possible that in the next three years we will see events that we can imagine possible. I stopped thinking what's going to be; things just happen unexpectedly, and for the benefit of Bitcoin, just ride the wave, and we will soon overtake Google, maybe in the next three years or earlier.

Yep. We must admit that Trump's effect makes people to be more interested in Bitcoin. Even if without Trump's effect the Bitcoin still can be above $100k but it triggers Bitcoin price to soar faster. So, it is actually not really surprising if Bitcoin market cap increases very quickly in this year.

Not sure that we can pass the Google market cap in the next 3 years but it is quite possible for sure. As a Bitcoiner, we only can make a contribution by keep investing in Bitcoin. 

[Faisal2202]

With that, our total market cap has risen as well and now we are in the top 10 amongst the most valuable companies in the world. Next in our target is Google. But it might take sometime before we can overtake them.

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?

Big milestone for BTC and with time when more money will enter BTC it is going to be in top 5 maybe not now because it seems like BTC has set its supports and resistances between $92k and $99k respectively. I can be wrong but until BTC is stuck in this range, we might not see BTC in top 5.

Because still, if we see a number of whales in compared to investors, they are lower. I know that's strange as there are big whales, but they still are lesser than investors. So we have to wait until BTC reaches at least $150k or maybe higher in order to overtake anything else, an accurate calculation can easily be made here but that does not matter, in order to overtake, we need one scenario from two, that if Google loses M.Cap, or if BTC M.Cap increases the chance for BTC M.Cap increases is higher here but only if it get national reserve level adoption.