![]() ![]() ![]() By 2008, it had dropped down to about $250 billion in market capitalization, and has never recovered anywhere near $1 trillion, since it never had anywhere near the business fundamentals to justify such a high valuation.Īpple, on the other hand, reached $1 trillion fair and square. However, the only reason PetroChina reached such a lofty height was that it was dramatically overvalued, trading at about 60 times its net income. PetroChina, China’s state-controlled oil company, briefly became the first trillion-dollar business in the world when it became a public company in 2007. Taking a more global perspective, Apple is only the second publicly-traded company worldwide to have reached the $1 trillion mark. It’s the largest component in the TSP’s C Fund, currently accounting for about 4.2% of the 500-company fund. There are over 5 billion Apple shares in existence, with each share being priced over $200 right now by the market. In other words, it’s roughly the price it would take to buy 100% of the stock.Īfter many years of increasing profits, and a steadily rising stock price, the total value of Apple is now worth north of $1 trillion. Find out more atĬheck out the best place for Bitcoin education, Swan Bitcoin's "Bitcoin Canon".The market capitalization of a company is the price of the stock multiplied by the number of shares in existence. ![]() Your first $10 purchase is on us: Īre you a high net worth individual or do you represent a corporation that might be interested in learning more about Bitcoin? Swan Private guides corporations and high net worth individuals toward building generational wealth with Bitcoin. Swan Bitcoin is the best way to accumulate Bitcoin with automatic recurring buys and instant buys from $10 to $10 million. Purchase your tickets now before prices go up: Save the date for the Pacific Bitcoin Conference, November 10th & 11th in Los Angeles, California. Hard Money is a production of Swan Studios.Ĭonnect with Natalie and Hard Money on Twitter: Lyn alden net worth update#Hard Money with Natalie Brunell features weekly headlines and hard hitting interviews from the world of Bitcoin and Finance, a macro update with Andy Edstrom, as well as Bitcoin stories from around the world. For this week’s Hard Money Report we take a deeper look at hypocrisy among government elites and how Bitcoin will create a new incentive structure with more accountability.Ġ0:00:35 CPI, Jobs Report & the Inflation Reduction actĠ0:04:29 Bitcoin Headlines, BlackRock, Lyn Alden Lightning Article & MoreĠ0:08:51 Hailey Lennon Interview, Crypto Regulation & LawĠ0:17:59 Explaining the "Cantillon Effect" This week’s guest commentator is Hailey Lennon, Partner at Anderson Kill Law. Headlines this week include the latest CPI print, dropping unemployment and the White House’s victory lap, skyrocketing consumer credit, the passing of the Inflation Reduction Act in the US Senate and criticism around the expansion of the IRS, Bitcoin miners forced to sell, Blackrock partnering with Coinbase, the Solana and Nomad hacks, the sanctioning of Tornado Cash by the US Treasury in connection to North Korean money laundering, and Lyn Alden’s latest, in depth-article on the Lightning Network ![]()
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