Bitcoin, the flagship cryptocurrency surged to $97,000 on Wednesday, minting a new all-time high and closing in on a $2 trillion market capitalization.
The crypto asset has a current market cap of $1.9 trillion with $2 trillion within sight.
This impressive leap by Bitcoin means if it were a company it is now more valuable than Oil giant Saudi Aramco and $230 billion behind global e-commerce giant Amazon.
Saudi Aramco is the state-owned oil company of Saudi Arabia and is also known as Saudi Arabian Oil Group.
David Ingles a crypto influencer commented on this new development speculating on how things are shaping up in the list of the world’s largest companies by Market capitalization.
“Bitcoin price nearing $100K, market cap approaching $2 trillion. If Bitcoin was a company, it would be 6th biggest globally just behind Amazon and just ahead of Aramco” David Tweeted
The Global market cap of all cryptocurrencies surged to $3.3 trillion following Bitcoin’s pump to $97,000.