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.
It's good to see that numbers, but we all know how dynamic it is, maybe in the next bull run, we will be on the top 5. However, when we goes to another long bear market, the rankings are going to dropped for sure.
So let's not take this data religiously, we can't even compare Bitcoin against Tesla though. As obviously we don't have a leader like Tesla did in Elon Musk. And so there are no similarities whatsoever. And just like the last bull run, we've seen this data as well, so it will be a cycle for everyone.