According to the latest data from 8marketcap, Bitcoin's market capitalization has surpassed that of Tesla, now ranking as the 11th largest global asset by market value. Bitcoin's market capitalization is approximately $676.6 billion with a 14.13% increase in the past 24 hours, while Tesla's market capitalization stands at around $673.1 billion with a 0.04% increase in the same period. This sounds crazy.
Different asset classes though. It doesn’t really make sense to compare tesla with btc. One is a company which makes cars/batteries etc and the other one is a commodity. Tesla might be gone in 10 years but btc will be with us just like gold and copper. Tesla is also is a very overpriced stock. The investors think tsla is bigger than toyota, vw, mercedes, ford and stellantis combined. That’s obviously a pipe dream which can end any moment. Btc’s real opponent is gold and btc is slowly catching up to it.