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.
1.So what? Market cap doesn't matter to me at all. It's theoretically possible for the BTC price to grow, but the BTC userbase to shrink, leading to a bigger market cap and less adoption. Adoption and utility of BTC are more important than the BTC price.
2.Bitcoin is not a company. Why do you compare it to companies?
3.This 14% price increase won't stay for long. I'm sure that the price will go back below 30K USD and the bear market will continue.
4.Tesla stocks are heavily overpriced. I don't think that Tesla stocks should be used for comparison with other financial assets.