O n May 11 2020, the crypto world experienced the phenomena knows as Bitcoin halving . For those who are still a little looney-toons regarding this phenomena, here's the lowdown . Moral of the story is that, as the Bitcoin supply decreased and it's 21 million market cap slowly approached, it was widely accepted that the low supply and high demand will increase the price of the cryptocurrency back to its previous highs. Basic business right? Wrong! Source: Equity Trust Company BTC prices actually fell and after briefly holding steady, are only just rising above the 10000 USD range. Surprise eh? Well, we are not done yet. Because while the most valuable crypto coin wasn't showing it's expected gains, some other cryptocurrencies shot to outer space. There was no SpaceX rocket nor a Tesla Roadster involved. These "altcoins" bumped up in their market value thanks to the entire underlying system of cryptocurrency: investor speculation. But what exactly are these ...
As Apple hit the magic the number and the shareholders started hearing din-ding in their sleep, we learnt that yes Apple are worth a trillion dollars but have other companies done it before, or are they about to do it?
Saudi Aramco is Saudi Arabia's largest producer and exporter of oil. It could easily lay claim to the world's largest exporter title as the company has relatively few competitors. However, it has always been strictly controlled by the ruling family of the Arab nation. To diversify its interests, the ruling family quite recently decreed that they are willing to sell up to 5 % of the company which they bullishly value at 2 trillion dollars. 5 % is a hundred billion dollars. And at two trillion they could be twice the value of Apple. However, some analysts have stated that the value of the company could be a relatively paltry 500 billion. Hotly disputed but it is an oil company. They are supposed to be rich.
On Nov 5 2007 PetroChina's share value increased from the IPO price of 16.70 RMB to 43.96 RMB, giving it it's total market capitalization of 1000 billion or 1 trillion dollars. Adjusted to today's value based on inflation that would be about 1.15 trillion dollars, 150 billion more than Apple's market value. Although it is fair to say that the value has dropped since then, it still remains the highest recorded value of the company. And like I said its an oil company, it's supposed to be rich.
Microsoft has always been a valuable company. Hell, most of the computers we use are running windows operating systems, accessing OneDrive. Even Apple users by Microsoft Office essentials. The software company, while lagging behind Apple and Google has made significant strides with its Surface range of devices as well as cloud services. Its market value is around 780 billion USD but it has briefly flirted with the trillion-dollar mark when in 1999 Microsoft share value increased to a 120 $ to give it a value of 909 billion dollars.
The parent company behind the omnipresent Google search engine as well as Android OS it is no surprise to see Alphabet join the big boys club here. It remains one of the top tech companies in the world and with the success of its Pixel line of devices as well Google Home and its extensive work on autonomous cars Alphabet should be bang on to hit 1 trillion early next year. With a market cap of around 830 billion US, it's not far off.
The online retailing company was the real surprise package this year, showing a stunning rise in share value and making its founder Jeff Bezos, the world's richest man. It even hit 900 billion dollars as early as July this year and is the closest to challenge Apple's market value (providing Saudi Aramco are not worth 2 trillion). With an impressive share price of 1900 $ as of today, it could hit the magic 2000 and ding-ding-ding.
1. Saudi Aramco
Saudi Aramco is Saudi Arabia's largest producer and exporter of oil. It could easily lay claim to the world's largest exporter title as the company has relatively few competitors. However, it has always been strictly controlled by the ruling family of the Arab nation. To diversify its interests, the ruling family quite recently decreed that they are willing to sell up to 5 % of the company which they bullishly value at 2 trillion dollars. 5 % is a hundred billion dollars. And at two trillion they could be twice the value of Apple. However, some analysts have stated that the value of the company could be a relatively paltry 500 billion. Hotly disputed but it is an oil company. They are supposed to be rich.
2. PetroChina
On Nov 5 2007 PetroChina's share value increased from the IPO price of 16.70 RMB to 43.96 RMB, giving it it's total market capitalization of 1000 billion or 1 trillion dollars. Adjusted to today's value based on inflation that would be about 1.15 trillion dollars, 150 billion more than Apple's market value. Although it is fair to say that the value has dropped since then, it still remains the highest recorded value of the company. And like I said its an oil company, it's supposed to be rich.
3. Microsoft
Microsoft has always been a valuable company. Hell, most of the computers we use are running windows operating systems, accessing OneDrive. Even Apple users by Microsoft Office essentials. The software company, while lagging behind Apple and Google has made significant strides with its Surface range of devices as well as cloud services. Its market value is around 780 billion USD but it has briefly flirted with the trillion-dollar mark when in 1999 Microsoft share value increased to a 120 $ to give it a value of 909 billion dollars.
4.Alphabet
The parent company behind the omnipresent Google search engine as well as Android OS it is no surprise to see Alphabet join the big boys club here. It remains one of the top tech companies in the world and with the success of its Pixel line of devices as well Google Home and its extensive work on autonomous cars Alphabet should be bang on to hit 1 trillion early next year. With a market cap of around 830 billion US, it's not far off.
5. Amazon
The online retailing company was the real surprise package this year, showing a stunning rise in share value and making its founder Jeff Bezos, the world's richest man. It even hit 900 billion dollars as early as July this year and is the closest to challenge Apple's market value (providing Saudi Aramco are not worth 2 trillion). With an impressive share price of 1900 $ as of today, it could hit the magic 2000 and ding-ding-ding.
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