Topic: Bitcoin Price Holds Above $9k (Read 729 times)

in my opinion we can't compare bitcoin with big companies like saudi aramco. both have far different characteristics and markets. bitcoin which is very volatile can provide advantages and disadvantages but not to the effect on the global economy. But if something happens with Saudi Aramco it will have an impact on world oil prices and the world economy.
for the price of bitcoin I am optimistic that the price of bitcoin at the end of this year can reach $ 10,000 even though the price of bitcoin is currently down $ 8500 I'm sure bitcoin can pump again.

Halvening is a month by month consideration and we're not there yet, I consider it long term because its an event that takes time to sink into the price.   So to speculation will not suddenly spring up like its news when its always been there.
   The falling wedge idea is great though, that could well fit into BTC price staying above about 8000.   I think thats where we need to hold above to maintain ourselves above a previous negative trend and if it does that then the bears can reverse to find us bullish upto about 9600 I guess.  Thats just the fast movement, after that requires more jet fuel and other considerations over days.



Little chart because I think too much spaghetti scares people, weekly and monthly averages are roughly in the same place so in something of a crossroads right now perhaps

The Bitcoin halving is not that far away anymore. Curious how we will hold ourself until then. Still awaiting a rally up to $16k at some point.

You are being realistic here mate and your thinking is different from everyone’s own that is always thinking that bitcoin should just be increasing as if it is only buy that we will be having in the bitcoin market and there are no people selling their coin and even exchanging it to fiat again.

Sometimes if I see the way that bitcoin fluctuates in price, it even encourages me more that people are using it and not just accumulating it to keep, because it is when they use it that demand will increase and as demand increases, it will continue to shorten the supply of bitcoin that we have which the more the supply reduced, the more that it will start getting scare till it gets to that point where it will become so scarce and this will be the turning point for a continues value appreciation.

Falling Wedge = Upside breakout ? If yes in the coming days then ?

The $3,000s were depressing times too. So were the $7,000s last month before that pump over $10K. I would be a lot more worried if people were bullish. Instead, they are fearful and pessimistic which is a sign that we're close to the bottom.

According to Tim West's TAM model, the daily downtrend triggered November 7th is running out of time. The daily is also oversold. We may be looking at a falling wedge:

Btc continues to confuse me. Earlier this year I was convinced that BTC will hit 12K at the end of 2019. Now bears are dominating and all indicators suggest we will go even deeper. depression in back in crypto.

well that is your choice , but what i mean is by exchanging your bitcoin for this aramco IPO seriously?

you want to do that? i know how to manage investment portofolio but moving one investment to another just like what you gonna do is not something wise action especially holding stocks require a strong commitment , at least you need to hold it for 5 years -my estimation- to get best investment performance , in crypto? you can get unexpected growth in just few months, that is the difference.
even though we are in tough position now try to hold the support at $8000 to not fall further away , bitcoin as a long term investment is still relevant.

comparing this to aramco IPO that is not relevant .

There might be really a need for these to happen, as too high price may lead to imbalance of the market, the dropping of price for correction is reasonable but having it for like 2 years especially if you'd put a lot more investment is irritating somehow  but when we believed in what we hold is worth waiting like bitcoin.

Who wants it? All of us hate to see those dumps keeps coming these days and I don't know if we will experience it on December since if those dumps will still occur I think it will tell the phase of the game on next year but hopefully the halving is the counter attack for those downwards since I still believe it is the big thing in crypto but I really hope we can see a green on our screen in halving season.

I think the whales have done more accumulating when BTC was still at $3K... or maybe they sold it when bitcoin pump to $13,000 and now they are starting to accumulate again? is that what you are trying to say?


Nobody likes that, its adding insult to injury because altcoins have already suffered a lot and yet there was no sign of recovery yet.
We can't do about it if people loss their confidence on altcoins because in general the market is really struggling,  just like in the past, this will be over sooner or later and the market will begin to look green again.

We are all the whales, if there is a million of us then we are as large as any whale.   Humans want to see faces in the clouds because we are built that way to search for the reflection of humanity but  the market is moved by the flock of sheep not the whales.   Still human but its not the smoking man in a trenchcoat who moves the market really.

Right now nothing is moving the market at all, its quite silent.   Not sure how to take that especially, wider time frames take control perhaps but some are bullish.



4hr bars, moving down the road following the line

Bitcoin will hold its price between 8k-9k$ in order for the whales to accumulate even more...this is what I believe right now after I see the daily charts. We're in a strong period of accumulation and we should participate as well as we're closer and closer to the halv with every day pass. 

What I don't like is that whenever Bitcoin drops further more , altcoins drop a lot more ...and the pair between sats/$ for altcoins is in a big disorder and it should not be like this ...even if bitcoin goes to 10k$ , altcoins won't rise ...very suspicious.

When you have that much oil and you make profits in those levels to invest into other things you do not really lose. I don't know what they do with their billions of dollars of profits but we are talking about a company that has 30 billion dollars (give or take) profits and they probably profited a lot more in the past as well AND ON TOP OF THAT they will go public so they will have a lot more money as well, all combined I would say at least 100+ billion dollars, probably closer to 200+ billion dollars just to invest.

Now, oil companies can invest into oil related stuff but if they are capable of investing into everything else, these dudes could become part owners of all major banks, all major tech companies and live off the profit of those companies forever without ever to work again.

I don't believe that Aramco is losing. And a small increase in oil price is already worth a lot that can cover all its losses and damages (if true). I also think that their IPO will become a big success. The Saud family is making sure its powerful western allies can help them with it. In return, Saudi will guarantees them with billions of contracts from purchases and services. This IPO is fitted to rich people and companies only. Ordinary people cannot gain big on this compared to the potential of bitcoin.

the attack was more like a political thing rather than a real attack and it was from Syrian or maybe even from US trying to increase the tension in the region. in any case the only reason why this company is releasing this unrealistic profit is because they are trying to keep their damage to a minimum by trying to show the investors they are "OK" even after the losses they sustained. and also to try and prevent the IPO from failing and make some money from it.

I would never do that. It isn't rocket science that a company valued at trillions isn't going to net you any serious percentage of profit.... you are lucky if they pay their shareholders dividends for holding their stocks.

I rather buy XRP (which I'm absolutely not a fan of) than to buy into Aramco stocks.... the company is too large and I'm not that confident in any company related to oil with how we're gearing towards the complete opposite direction.

Bitcoin is a one time opportunity while stocks and projects come and go continuously. Don't sell.

I can do that, I don't only hold btc for my long term investment, if I see some project with great potential, I will always try to risk on it.
BTC is not the only profitable in the market, though its the safest investment but are we really here to play safe all the time? I am not, I am here to explore and take some calculated risk if I want to.

poeple start comparing how this profitable how that profitable bla bla bla

aramco well known as the most valueable and profitable company recently eventhough it is still debatable. crazy rich arabian , they are rich by nature less hardwork , hate to say this but that is the truth unfortunately yeah.
wondering if there is any of us here interested to join in the ipo? moving your precious bitcoin and swap it for the one time chance biggest ipo? that should be the safest investment with high probability to get a profit with all those status.

will you? cause i am not doin that especially if i have to cash the bitcoin out, no thanks.

It's holding and still trying to rise but the pressures still tough so it keeps coming back, it would take some time before we can see another huge run.
Though if there's more positive news and not only the halving but the success of  BAKKT being use by more company, surely will bring more impact.

We can't measures of compare what success is waiting for this industry, it's  only time who can dictate that to the investors that will hold.

First, your heading does not correlate with the body of your message and I really do not see the relationship with the both of them, one is company offering stock while the other is cryptocurrency and to me, bitcoin investment is still better than this one as an investment.

When we even talk of profit, that cannot be compared because bitcoin is a growing technology which will be accepted worldwide, there is limit to the number of people that can patronize this company you mentioned here, but bitcoin is a technology that within the next few years, it would really grow to become global currency and will be known and accepted by billions of people that are living in the earth, so bitcoin will still remain the most profitable asset for one in the future.

Nobody knows what price bitcoin will be except the forces that set the price.Bitcoin price is set by market makers only and speculators are basically only gamblers along for the ride.

Judging from the movement of the graphs, in my opinion bitcoin will hold above $ 9,000. This shows that bitcoin will be more stable compared to last month, currently going down will not be a panic for its holders, instead I just say this is the beginning of a jump to $ 10,000 in the month front.

So Saudi Aramco posted a huge profit despite an attack on its oil installations from Iran? This leads mo to believe as what Iran said a fake attack on Saudi and put the blame on Iran in order to spark an oil price increase.

If Saudi Aramco considers an IPO, it will be worth hundreds of billions or even in trillion in dollars. It will be hard to push that value. While Bitcoin only has a marketcap of $166 billion. With that simple figures alone, it is easy to identify which one have the best potential to profit.   

If people keep increasing the number of bitcoin they have in wallets right now specifically when the market is showing some positive signals regarding increase in bitcoin prices after a long bearish market. We have to act efficiently and smartly in order to avail this opportunity. For the massive adoptions of bitcoin, we need to spread awareness regarding positive and fundamental features of bitcoin.

Interestingly bitcoin hasn't moved anywhere else since the last movement. We were under 8 thousand dollars for a long time and people were wondering what would happen, some said it would go up, some said it would go down back to $3k and some said it would go down a bit before it goes up, yet when looking at it nobody really talked about what would have after that. Like yeah we were under $8k and now we are over $9k but now what? What do we do now?

There is really not much we can do but wait however it is not really easy to buy or sell bitcoin right now considering we have no idea what will happen next. Do we think it will go up? Should we buy more? Do we think it will go down? Should we sell? Nobody has any clue and thats why the market is in a weird situation right now.

But, what did they risk with oil? Their capital? I dont think so.
Here in bitcoin many have bought at a low price but with how much risk? They don't even know where it is going and I dont think that should be compared with oil.
There is just too much difference between the two.
Imagine buying something out of nothing. It doesn't even make sense. Your family might even kick you out of the house for doing it.

I agree, just hold your bitcoins and I think bitcoin value will rise up to more than $10k, and it is already helpful for those who hold their bitcoin especially to those who hold huge amount of bitcoin because it has an also a huge impact with the value of bitcoin that they are holding right now.

That's what we call support levels, until it is broken.

So far the support is very strong at $9k levels, fluctuations seems to be lessen and been trading sideways again. Might be a good indication that many investors are playing it safe or simply shorting bitcoin and take profits if the opportunity presents itself. The real mooning here is 2020, specially after the block halving and we could be seeing $20k at the end of 2020 here, we just need to be patience and continue to accumulate at this time.

The sudden recovery of the price has caused by a huge buying of btc supply. I am not sure who's doing it maybe the whales? Or its just the market sentiments. Btc is holding above $9,000 because there still investors who keeps selling while others are accumulating.

The market crashed, and the recovery happened all of the sudden when there is more speculation about the price of bitcoin falling low. This means the market is gaining more resistance for growth than decline in the price. Once after recovering from $7500 the price has been standing high fluctuating within specific range which means the price holds above $9000.

It could be that the decline will happen once again, but that is not what we expected and now the price of bitcoin is holding at $ 9,000 or more and makes investors hesitate to invest because the decline can occur suddenly and there is also the possibility that investors are waiting for the right time right.
but I am optimistic that bitcoin will continue to increase gradually in the next few weeks or at the end of the year and around $ 10,000 to $ 12,000.

You cannot really compare everything with bitcoin as it's quite unfair. Bitcoin doesn't moves on the pathways of normal economic derivatives. All the shares, futures & other derivatives have their own pace and volatility and no matter which company brings one they will still move at the same pace. Moreover if we look at this from another point of view these shares already have some intrinsic price which is really pretty much known to everyone in the market which is why it can't provide such returns because market brings it back at that value while when it comes to bitcoin measuring it's intrinsic value is pretty much impossible which is why it moves merely with the wind of the market. If you see it another way then this company wouldn't even give a 80% loss to someone like bitcoin did to ones who bought at 19k.

I guess do since the week volume is showing that the price would probably go down if this continues. I'm initially hoping that this price will continue to stay at this stable price for a week or so. The price is just currently staying at $9,100 to $9,300 at least. $10,000 might be another story for a week if the market volume change.

It looks like scenarios are almost always exactly the same, we have went down before and then we went up as well, this time around we went down once again and we are going up too. It is just an endless cycle of bitcoin, let me tell you what will happen in bitcoin next, I am great at predicting bitcoin prices and movements because I am a great mind and expert (lol) bitcoin will move one direction and then it will move to other direction and then it will move to first direction again and then opposite again. This will continue for years and years even decades until we figure out a system that is better than even bitcoin.

Hence, there is nothing to worry about, either price will be $13k then $10k or $7k then $10k but it will always gets a mean average and sometimes it has some rallies that makes it stupidly high or low than goes to other direction after some months. Nothing new will ever happen to bitcoin, it will never go just up without down or just down without up.

While its nice to have seen some stability in price of above 9k in the last couple of days but its not something to rest on because it might not take more then hours for price to come down crashing back to the point where rallying is what that would be discusses while other people would be looking for reasons as to why.

However, comparing bitcoin with a company operating in the economy might not be the right move because for the company going public means its going to be subjected to some high level scrutiny which might either hamper its growth or otherwise and the fact that its profitable in the first quarter does not mean its going to remain so.

I'm thinking what was the relation of the title to the news or idea that you've share this belongs to other threads. Anyway., Bitcoin holds $9000 that is a good positive sign of potential bull market much more if we closes above 9550 as of now to continue going up above 10k mark.
With regards to your shared idea. It is one of the biggest IPO in history well it is on stock but not in crypto.

I think this is because many investors are holding sell orders by placing buy orders so that when many are selling bitcoin the price will still be stable around $9k and after the bitcoin price there is good news bitcoin will soar high and many investors will start moving to raise prices bitcoin to be able to provoke market conditions so that there will be many other investors who come to buy bitcoin.

The aren't even close to each other though. Oil has been a necessity and will always been a necessity specially the world continuously progressing. On the other hand, bitcoin ain't never been like that nor known by every other people. So comparing oil to bitcoin has no point though. Imagining the huge return like that is close to being impossible. Well that would be a lot of gain though, in addition, when certain price comes like that it is more likely the world has faced and accept crypto currency totally.

We can't compare and return of investments in the first place. I mean they are a registered company while we all know that bitcoin is a free market and open for everyone.

But it will be really interesting how much they could raise here, they already have the money as we all know who the backer of Saudi Aramco, and to be honest though, why do they need to go to IPO when have been billions of reserves already. And to be honest, I don't see any connections of crypto from IPO that Saudi Aramco is planning. And it you read the article, they just inserted it for the sake of comparison, maybe just another shitty and the OP somewhat mislead us by quoting it here.

Aramco company has valuation of $1.5 trillion however apple has $900 billion, its clearly a mismatch if you compare it with Bitcoin with still dwarfed in valuation with those giant companies.

But this make sense, because IPO’s ROI are practically good for long term however in Bitcoin prices are actively changing every moment could also make quick profit in short period of time.

Let's see if they could attract investors on there crowdsale.

They have a good financial record which means they are profitable and most investors are looking for projects that has a working product already, them, they don't just have a working product but they are profitable as well, its almost a safe and guaranteed investment but let see what are the criteria when the IPO is already live.

Not mostly but actually all waiting for the bull run to come and since the halving will come next month provably we can see a great price upward movements since it show on characteristic bitcoins itself as history shows, but let's not assume to much since the scenario way back 2017 is little different today since we struggle for so many day it's because bear market strikes and hopefully those huge investors is not annoyed and will find the great value of halving so that we can see a big streak on price rally.

I am more worried about the players of bitcoin who bought before the $20k mark.
Up until now their bitcoin are intact and cannot get back their ROI.

Despite all of that, it looks like bitcoin once again proved that it had more demand and usage than any other commodities out there or should we say the competition is just not better than it.
XRP, BCH or any clone coin out there are staying with their value or maybe lesser now.

As suspected Bitcoinist is doing these Bitcoin vs. Stocks kind of comparisons when it comes to gains, I just posted a reply in one of the threads in the Press section with a different Bitcoinist article but the same point. Are they running out of ideas on creating articles that they resorted to comparing Bitcoin to returns of blue chip stocks in the market? Like what I have posted in that section Bitcoin might have higher returns but Bitcoinist is comparing it to returns given by blue chip companies not to mention a more stable asset. We may have higher returns but the risk is more than doubled compared to traditional markets we have, the volatility alone can cause a lot of people to lose money while trading.

yes ; it seem bitcoin hold above level 9000 usd per btc. price rise up 9500 usd per btc many time but it fall with 3-5 percent ; the thing important is that prices hold above 9000 usd per btc . i think prices can rise to level 12000 usd per btc at any time and who sell and buy for short term many times they will find some dificult for buying and selling

It wouldn't be easy for them to withstand on this struggling market, since were in the midst of unpredictable scenario for each and every crypto. I was not so familiar with that IPO, and what I am focused as of now is for bitcoin together with other promising altcoin assets. They can't combine stock market and cryptocurrency, it would be a huge coverage for them as they would desire to pursue those plans without enough resources, unless some whales will do some tricky rides as well.

Mostly all the investors are waiting for next bull run, so this month we expect some good growing on crypto market. Nowadays we always active in crypto market so 9k or 15k we can buy Bitcoin it will growing upcoming trend. No one consider the stock market because both are different from trading. So huge volume projects are make good success on all the time.

Hope support in $9k will continue to grow and the next battleground will be $14,000. Bakkt is slowly picking up also and some other derivatives in my opinion. Hoping for more financial institutions to follow too push bitcoin price. We need more projects and utilization of bitcoin for a great adoption to happen.

Although it occassionaly drops to near breaking the $9k, it still holds up and I'm positive that the next bull run will soon happen. I'm not quite sure how that IPO might affect bitcoin. As far as I know, IPOs are for the stock market and is separate from ICOs for cryptocurrencies. If they would also enter the crypto-market, then that could be quite huge. But until now, the price is still struggling to reach an uptrend.

As of now, we should not be boasting the ROI of Bitcoin like that. In terms of assets and liquidity as well as the prospect of the future, both oil and Bitcoin are two different things. Comparing the two may not be making sense at all. In fact, mentioning the IPO of Saudi Aramco vis-a-vis that of Bitcoin is beyond my logic to think of. Anyway, I am sure I get what you are referring to which is the rate of ROI but then even if one has the highest ROI but the risks can also be too high then it all balances things out. We should not adopt that kind of boasting attitude as if BTC is the only kind of investment that is really working. Investors have a lot of choices and options and many of them are still have to consider Bitcoin for many factors that they deem to be not attractive, at least for now.

Me when i saw the thread title but the post was about saudi and apple lmao. Comparing an oil business to crypto, what kid made this comparison right here. Besides, crypto isn't even a company in the first place, no one manages it.
Natutally, the ROI of btc would exceed these because the current market for BTC is still volatile. Market shares and oil prices for the company said have been already stabilized and have already obtained a general Price in the market.

9k is not the big value and we may find the best time to make the investment like huge fall in single slip so that time you can invest on those time and expect the growth like double value or something.
Those kind of investment alone make the profit. So think twice and make your investment at right time.

They've never see it coming. The very first launching of Bakkt was kind of funny to them because the volume isn't so high but look after few weeks of its operation,  there's an actual growth. As for the people that didn't took the chance to buy the dip on $3k.

It is not late.

Not just you but also me. I like seeing the price becomes stable to this rate and if it goes up a little bit higher then that's an additional profit but as long as it retains itself to $9k, this is like a safe place.

Yes we can just look back refer to the recent fluctuations which took the bitcoin back to $7400 and again pumped it's value to $10k as the market is too volatile with possibility of further fluctuations before halving but I am don't think there are higher chances of any planned dump before halving as people will not be bothered to panic sell as it's expected and forecasted so I think this time something unexpected may happen. We need to be cautious.

Volatility is much associated with bitcoin as well as other digital currencies. When it comes to the present market price, it is with good momentum for a forward move. We cannot confirm with the forward change in the market, because of its nature. If the momentum gets broken to reach low to $8500, then there is chances of price to reach as low as $5500.

In before we dip to the $8,000s.

Closing the week above the $8,800 range high is a very bullish sign mid-term. It suggests weak supply, whereas immediately falling back to the $8,000s or $7,000s would have suggested the opposite.

However until we see a confirmed upside breakout, the possibility of new short-term lows is still there. If we dip from here, I expect desperate bears to support the price at $8,500-$8,800. The daily 50-day and 20-day MAs are there, the 0.618 retracement level, a low volume notch on the VPVR and a gap on the CME futures chart.

Currently the price seems to hold level above 9000$. However don't forget that Bitcoin is volatile and that price can change any time in both directions. Some are satisfied with that price and some have bigger expectations until the end of the year.
I don't expect some bigger dumps but still some corrections are still possible so don't be surprised if the price doesn't keep the level you desire.

The stability of the price of bitcoin around $9K+ was held by the strong support that zone, the price tried to break down that support on several occasions using 4 chart as reference but it was held I think this a pointer or an indication that the bulls are very much in the market however the price of bitcoin is incomparable with oil giant, Saudi Aramco and the company has no link with blockchain thus wouldn't trigger or pump the price of bitcoin.

No, it should not be compared with that.
The volatility of crypto currencies specially bitcoin is something new.
It cannot be identified since there is no way you can track everything because of privacy. Therefore, no one can have an accurate prediction into where it will go
It can be dumped later or maybe tomorrow and we would not trace where it is from.
Even if a big news come up which may be the possible reason for growth is still being doubt.

And it's going to go higher. If you forgot to buy at 3k you lost a good opportunity.

I doubt the situation we're witnessing depends on the news. It's more of a mix of everything. People were laughing at bakkt but it's obviously growing and getting more money and more users. China may open to BTC and lift its ban, we have some nice bullish TA. A year from now you'll be sitting at 10k saying that 10k was the bottom.

maybe this makes no sense if you want to compare the income owned by bitcoin investments with oil investments because bitcoin and oil companies are very different, we know bitcoin is a digital currency with limited supply, while their oil wells can be obtained whenever they want and there are still many oil wells in the world that can be taken for sale, unlike bitcoin.

Oookay.  These news items have nothing to do with bitcoin sticking above $9000, and the news isn't even that interesting anyway.

As suggested, please move this thread to the speculation section or just lock it and let it die, because it doesn't even make much sense.  I'm very happy that bitcoin held onto its gains in the past week, but the fact that some oil company is going public isn't related to that.

It's losing all that money because of a drone strike?  Wow.  That shows you the potential damage governments have the power to inflict. 

i don't really follow these things but isn't this the same oil company that was recently attacked by Syrian drones and was shut down losing 6 million barrels of oil and lost $2 billion? how is it even profitable let alone running an IPO?!!!

in any case it is very strange to compare it with bitcoin. there is nothing in common here. it sounds like the most random comparison of all times. not to mention that bitcoin is a growing currency that is being adopted all around the world. so its growth is naturally higher than anything else.

Another news article forcing to compare something that is too far different from Bitcoin. What are these online publications doing? Can they not think, analyse, and write something that is relevant? Saudi Aramco offering to sell stocks to the public is not related to Bitcoin in whatever tiny way. This is better posted in politics and society because this step from the powerful oil company has political and economic underpinnings.

Bitcoin went from zero to whatever price it has when you read this. Companies can have similar performance, perhaps in a different timespan. But the key difference is the time of investment. You say this company is already big, so its probably getting in with an already high price. But when the company is small and unknown, and nobody believes in it, at that point is cheap and those investing that early have the highest potential of profit in the long run. Think Apple in the 70ies, two kids in a garage, they went to a third person that invested big, but quickly withdraw. Boy did he "lost" good. Its like buying bitcoin when it was 3¢ then sell it all when it reached 1$ (100¢), after all its 33 times its value...

Those large companies, say its stock starts at 50$, suppose it goes to 250$, thats 5 times, not bad but not stellar.

Once the company decides to "go public", it might be too late for spectacular gains, you could say its mature. It might get you profit, just don't expect miracles.

I suppose in this case, those that invested at the earliest were probably the Saudi monarchy themselves. That country knows oil won't be such a good business forever, and has already taken steps in diversification, unlike the complete idiots that rule over my country that ran it into misery.

Imagine that you invest in bitcoin now, and it reaches 18k (2x) that's not bad, but its not stellar either. It matured. As always, those that invest earliest (and risked more), have the chance to gain more.

Comparing the return on investment between Bitcoin and Saudi Aramco may not make sense.
That company represents Saudi oil, which is one of the largest assets in the world and the occurrence of problems may affect the energy prices globally, so the likelihood of loss does not appear as much as Bitcoin.
Don't forget that the return on investment from BTC was bad at some point in 2018.

Bitcoin has kept prices above $ 9,000 but has not broken psychological barriers, meaning that any collapse could bring us back to the $ 7,000 levels as we were a few days ago.

BTW move this topic to Speculation

The world’s most profitable company, today announced that it is going public, in what could be the biggest ever IPO. The oil giant, Saudi Aramco, posted an H1 profit of $46.9bn in 2019, compared to Apple’s $21.6bn in the same period. But one imagines that return on investment will still pale into insignificance compared to Bitcoin.

https://bitcoinist.com/sunday-digest-bitcoin-price-holds-usd-9k-other-headlines/