Oil and Gas Revenues Outshine Crypto

Date: 2023-06-15T15:51:24Z Creator: Bitfolio Academy

Aramco announced profits of 161 billion dollars for 2022. That’s bigger than the market cap of all of the crypto stablecoins combined.

Exxon Mobil announced their 2022 profits: 55 billion dollars. That’s bigger than all of the money locked in Decentralized Finance or DeFi.

Shell announced 42 billion dollars in profits in 2022. That’s just one company, and it’s one-year profits are bigger than all of the money locked in Decentralized Finance.

The market cap of one company, Apple, is three times the size of the entire crypto market cap, over 25,000 coins.

And, the US government is at war with crypto? The US wants to clamp down on crypto? Ridiculous!

Let me know in the comments. 🤔

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Disclaimer: I am not a registered investment advisor. All data is provided for information purposes only. No investment decision shall be based on the information provided here and you are solely responsible for your own investment decisions.

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