Bitcoin Forum

We have a long way to go in crypto. Early adopters are who we reach now.
Imagine a day when no single company has a bigger market cap than all coins combined.

This Tesla market cap of $380 billion is an example. Founded in 2003, the company is now worth
more than BTC and all other cryptos and tokens combined for the first time.\

https://i.ibb.co/859dGGm/teslamarketcap-800x436.png

A couple of years ago Apple became the first company to be worth $1 trillion. Now worth $2 trillion. 

What will you do if crypto market cap reach $1 trillion?

https://cryptoandforexnews.com/tesla-overtakes-the-combined-crypto-market-cap/

If you are asking why Tesla got this huge that's because of Elon Musk himself, the fact that Tesla has lesser sold cars by Toyota yet they are valuable than Toyota company explains that investors are going  in because of Elon Musk's perseverance towards his company, and many of us believe that the future cars will be battery powered and so the Tesla is the future that is starting to build. just 2 years ago, a share in Tesla costs for only around $400 and it continues soaring til 2020 and it costs more than $2000.

"What will you do if crypto reach a market cap of $1 trillion"

I think the question should be this, " what are you going to do before the market cap reaches $1 trillion", it sounds better  ;D
well, I'll make my stacks higher

I agree... There is a reason why Tesla is coming up in top tier with Amazon in terms of stock market. Elon Musk has been so active and proliferative that even if the automobile industry doesn't pull through there will be alternatives. It shows what hard work can achieve, of course, once you already starting big, which to most of us is not even applicable. However, this is why crypto is such a leverage for all of us, if we invest smart we could get high stacks too!

To be honest - I really can’t see how the 2 markets compare ? Just because they are both new entities for the 2000s doesn’t mean you can compare them , this is really the only comparison - their relative uniqueness and modernity.
You wouldn’t compare the petroleum industry to the cosmetic industry which took off in the early 20th Century !
They may be unicorns but they’re not related  :)

Nice article, and not only tesla, lot of companies has a bigger market capitalization that cryptos, that's normal, we can see cryptos as a business, with tons of people involved but it don't get close to the amount of people ivolved with branches like Mac or Cocacola.

If all the people who drink coca cola used cryptos, i warrant you the market cap would compete vs big companies.

Good to see that numbers on Tesla, but we have to understand that because they have a charismatic leader, a visionary on Elon Musk. But still, if you look at crypto, still very young, but the huge money it already attracted can't be compare to any companies around the globe. Crypto market is truly unique, look 10 years ahead and see how much is the market cap as compare to major companies valuation and it will be in the top 5. Nevertheless, crypto's market cap could be overvalued by those alt coins who can simply pump it, so not a good gauge to begin with.

Tesla might be a Game Changer even greater than Bitcoin.

Tesla might change all of our energy matrix, even impacting bitcoin mining farms.

As tesla exponentially advances in batteries capacities technologies, a new world of possibilities open for many industries.

There are even rumors that its founder, Elon Musk, might have created bitcoin, as he created PayPal he some knowledge about it.

Elon Musk is basically the main reason why Tesla's valuation skyrocketed these past few years. Investors' confidence is high on the company given that the CEO running the  show isn't some scandalous dimwit that is ready to disparage anything and everything for their own gain. He just works and updates everyone on what's happening with their product line with little to no bs added. If someone is this transparent and this open to innovation and improvement in this area of the market where they are currently the leaders, I wouldn't also think much before investing my money to the said company knowing my money is in good hands.

To all the comments above: Tesla has obviously been brought up to the top through Elon, so did Bitcoin get propped up by Satoshi and all of our devs. That's just obvious.

But I'm not sure if Tesla can be compared to cryptos. Like, does it even make sense? They're two completely different things. I don't get the idea of comparing BTC to literally anything..

Yeah, I agree with this one, Tesla has been in the forefront of many innovations, specially the SpaceX project. But if anyone is not aware of, it was not Elon Musk who founded the company, he was one of the Venture Capitalist though and then rest is history.

I would say that he can on par with Steve Jobs as being a visionary and that's why Tesla took off and now has one of the biggest valuation. But I think they should be compare to a car company like Toyota, which they obviously surpassed.

Same position here. Tesla is producing actual products where btc is a form of digital currency. Those 2 have different nature and usage to mankind. So whatever is their market cap, it is what it is. And there's no point of comparing them.

The current market cap that we have now doesn't really tell the whole story. Tesla right now has that market cap because it reach to the point that they have a lot of investors in the stock market and at the same time having a few shares all in all they have, resulting to them having a bigger market cap compared to the whole crypto market. The crypto market on the other hand is spread out of hundreds of different coins all of which have millions or even billions of coin count in their supply, the more coins they have in circulation the more cheaper they get as well as the less contribution they give to the crypto market, there is no doubt like multi-billion dollar companies like Amazon, Tesla, or Google will overtake the who crypto market as it is just basic supply and demand of its shares.

What is the point of this thread exactly? You can make a thread like this every few weeks when positions of big stocks changes. Today Bitcoin is bigger than company X, tomorrow a company Y is bigger than Bitcoin. Who cares? No one bases any of their decisions on this kind of information, it's just a little bit of trivia and nothing more.

That's what I've been wandering. It's not like Bitcoin is a company that is being handled by someone. Bitcoin isn't even a stock. He should have compared Bitcoin to other currencies like the USD, EUR, or Pound because that will make more sense.

Even then, Bitcoin is far behind the market cap of USD, EUR or even pound! If we compare bitcoin to these age old established currency system, we will have to keep in mind that Bitcoin is just 11 years old! Also it is not a suitable comparison because people use bitcoin according to their will, but they use currency because they have no other choice! Hope that makes sense!

Who the hell buys a Tesla car nowadays?Only rich and middle class hipsters. ;D
Is Tesla corporation making any profits?I think that last year was the fist year,when Tesla had made any profits(and their profits were tiny).Tesla stocks are a big bubble and that bubble will get busted sooner or later.
I don't care about whether or not the total crypto market cap will be bigger than the market cap of any big corporation.We have bigger obstacles and bigger problems with crypto adoption.Focusing only on the market cap is pointless.

Actually I created a thread comparing bitcoin to the rest of the most valuable companies in the world not just Tesla, Bitcoin lands #27 as top assets by marketcap (Stocks, ETF and Crypto) (https://bitcointalk.org/index.php?topic=5268265.0). And if you are going to look at it, Tesla is still way behind in the list.

The entire crypto market will soon grow rapidly and overtake tesla but on the condition that bitcoin reaches $ 20k. Because altcoins are influenced by bitcoin. Only when bitcoin increases will the altcoins have conditions to increase. The crypto market is accumulating to prepare for a breakout since the March 2020 price drop.

I'll take profit if it reaches to $1 trillion market cap. Price by that time will be on estimation of $50,000 - $54,000. As much as I want to drive a Tesla if ever bitcoin's market cap reaches to that high or will surpass $1 trillion market cap, I don't think it's worth for me.  :D

The tenure is what makes bitcoin greater. We're on the right path so we just have to hold until bitcoin surpass those big tech companies market cap or even reach next to it.

I read a lot of different statistics and if you look at the state of the real sector of the economy and the market sector of the economy, you will see a huge gap between them.
The economy is falling in all countries, GDP is falling, unemployment is growing.
But financial markets are growing, despite all indicators.
Now analysts promise a second wave of the pandemic and a new crisis.

Crypto total market cap has previously hit the current market cap of Tesla. That Tesla has a marketcap higher than crypto is not entirely significant as crypto in itself is  a volatile space that can go from one to one hundred within the shortest space of time. i see crypto making waves and hittin a market cap that Tesla can not compete with.

Agreed. I will also do the same, besides I am not much of a fan of Tesla. And Bitcoin is not also some kind of company, so I will just take the profit.

$1 trillion will not come from thin air. When you talk about such a huge figure, you need to give the justification for it as well. Nowadays, most of the cryptocurrencies are being solely used for speculative investment purposes. Unless the other uses, such as payments and smart contracts increase, I don't think that the market capitalization is going to rise in a big way.

In the technology sector, it is very important to do something that was not carried out before. Tesla did it exactly. Their success on full-electric cars brought fame to them and they overtook many big companies in a very short time. So, I think they deserve this growth.

I agree with the opinion of Tesla's market increase, because Elon Musk's role is so charismatic. So make investors believe in Tesla's potential.
This should be the case with Bitcoin too, with the popularity of Satoshi Nakamoto being able to attract investors to believe in the future of Bitcoin.
I am still optimistic that Bitcoin will outperform Tesla's success, but Bitcoin will still take much longer to develop. So for investors who are patiently
waiting for the development of Bitcoin, I am sure that they will get a big surprise from Bitcoin. Therefore I never stop to continue collecting as
much Bitcoin as possible.