Bitcoin flippened silver and Saudi Aramco — are Google and Amazon next?
On Wednesday, the market capitalization of bitcoin exceeded Saudi Aramco, the world’s largest oil company. According to CompaniesMarketCap, a popular leaderboard that excludes many private assets, bitcoin ‘flippened’ the company for a few hours during Wall Street’s lunchtime. That achievement came mere minutes after bitcoin surpassed a popular albeit imprecise measure of the world’s mined silver: 1,751,000 metric tonnes. Although bitcoin’s retracement to a $1.7 billion market cap on Thursday reinstated the $1.8 trillion Saudi Aramco to its higher rung, bitcoin is still higher than silver and very close to re-flippening Saudi Aramco. In any case, Bitcoiners are already looking past the oil giant and precious metal. Scanning toward the top of the list, they are seeking their next target to flippen . Historic moment: bitcoin's market cap just exceeded that of all the aboveground silver, the noble metal used as money for over 4,000 years. pic.twitter.com/4...