Bitcoin Forum

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.

Market capacity is a rapidly changing measure and may lead Bitcoin to be close to or exceed Apple during the next 18 months, considering that we will stop somewhere between $2 trillion and $3 trillion.
There is also no comparison between Bitcoin and Tesla, as they are both in different fields and target a different type of customer, and Bitcoin is not a stock to be compared to one of the stocks. This title would be good for the beginning of an article to attract views, but there is no relationship between Bitcoin and Tesla that would make us compare the market capacities between them.

It is listed on some sites like that. If I see sites or people comparing stocks with bitcoin, it use to annoy me because they are not comparable, only time is what that is needed and the difference between a digital currency called bitcoin that is recognized globally as money, currency, investment and store of value and those stocks listed with it would be known when bitcoin price fall will still give a bigger marketcap higher than the highest stock marketcap. I do not think that would be up to 10 years away.

Bitcoin has high volatility and its rank on Top assets by market cap will change quickly.

I don't know where did you get this information, is it from any news website?

If you want to get it by yourself, you can use two following websites. By the way, Bitcoin has yet reclaimed its all time high about $70,000.
https://companiesmarketcap.com/assets-by-market-cap/
https://8marketcap.com/

Not crazy at all, you may include the term "as of now" and that's thanks to the recent surge that we've seen. But with bitcoin's volatility, it may changed positively or negatively.

But we're all optimistic that the bull run will be formed soon and that's going to add more market capitalization on it which means that it could go close to the top 5 which is silver and Google (Alphabet).

We've seen it before that during the last bull run, market cap was around $1T+ and that's what it needs to have to surpass Meta and get close to those that I've mentioned.

When we look at Bitcoin's 2021 ATH Market Cap, we see that it is worth $1.22T. Now, Bitcoin is 50% below the ATH level and the Market Cap is down almost 50%. Everyone states that the new ATH will be above $100k and there is a very strong perception in the market. If we do some simple math, when the Bitcoin price is $100k, the Market Cap is worth $1.91T. If there is no excessive increase in the market capitalization of companies and similar things when Bitcoin ATH takes place, I can say that Bitcoin will easily push the top 3. If everything goes well, this is likely to happen in November 2024. This is not investment advice and you should make your own investments based on your own judgment.

hahaha good one.
We all know that bitcoin will surpass all those companies. It is just a matter of time.

Doesn't matter if it is at the end 2024 or 2026 at least it doesn't matter in the long run.

At that time some users will regret not buying more sats back then.

In 2021, bitcoin surpassed 1 trillion market capitalization and also entered into top 10 list so this isn't big compared to that.

Bitcoin’s market cap breaks $1 trillion after tripling in three months (https://cointelegraph.com/news/bitcoin-s-market-cap-breaks-1-trillion-after-tripling-in-three-months)

I won't even compare the capitalization of stocks with bitcoin cause the values are only in paper in stocks but bitcoin actually holds the value but both will probably go down when people cash it out.

I do not care for their rankings and market cap valuation but I appreciate seeing a decentralized asset which the authorities cannot control climbing the top of their rankings. Bitcoin is a game changer and will almost certainly rise to number 1 within the next 20-30 years.

- Jay -

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.

This shows how small bitcoin still is.

How can a global decentralized money and a store of value compared to digital gold be as small as an electric car company and get an edge over it only because of the recent pump?
I'm sure we are very early here.

I don't like Tesla and I think their products are popular only because there's a global conspiracy to scare people away from using normal cars through taxation and limiting their access to certain areas.
It's only a matter of time before other engines like those that run on hydrogen surpass it and then Tesla will either change or end up like Nokia.

The majority of the assets in the rank site are red but not BTC same with gold, silver, and oil.
Bitcoin is always been compared to some other assets but not to Tesla. Usually with Gold. I would however happy to see BTC outrank those big companies. BTC reaching more than $3T in this bull market will really put BTC in the top 2.  

But why should we look at the rank on that site when we should be looking at it on coingecko or CMC.

Can't tell exactly how I understood your last line. But, I'd say that bitcoin is top one in its category. And also performs well on inter categories of companies or establishments. Bitcoin and Tesla correlation depends on diversity. Tesla is quite not comparable to bitcoin in terms of profits and rewards. But at a risk rate Tesla is a better choice than bitcoin. Hence, a specific set of investors would choose to drop money into tesla than bitcoin. Or vice versa, depending on the fast returns in bitcoin. Tesla could be trading bitcoin and earn profits too. Bitcoin is a fast growing technology, with different potentials. At a 3T market cap, it'll be sharing lots of benefits to investors. Thereby involuntarily boosting the talk on bitcoin in the world. Which relentless publicity, can throw it above other top companies. Though not competitors. And I don't think we should be concerned about those other companies. They're already concerned about bitcoin movement. A lot of work is happening in bitcoin and it's growing real quick. Surpassing already existing companies

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It's good we are early, but Tesla may have not reached the height bitcoin has attained in market capacity. It all happened due to market violatility. Imagine bitcoin surpass Tesla a world recognized electric car at 34k. If I'm right. You'll see how little Tesla is, not bitcoin. The growth of the technology is enormous, just that people are afraid of volatility. But, it's quite a great investment. And more people are begining to think good of the violatile nature of bitcoin. They're adapting to it. Knowing that it'll definitely pump some day. Provided that people still trades bitcoin. So, the growth of bitcoin will move faster than Tesla. It's just an innovation with very less publicity, acceptance, rejections compared to bitcoin. Tesla, yes, looks like an innovation that can go extinct. Because of the price, difficulty in adapting with charging a car, trusts etc.

You're probably new to Bitcoin. Back in 2021 (during the previous cycle top), Bitcoin had already entered TOP10 stocks by market cap. Next cycle we're likely to see it going back up into TOP10 and perhaps trying to reach the market cap of gold?

No surprises about that. Tesla's stock has been tanking since the start of this year and it doesn't show any signs of ever stopping til now. I'm not sure as well if this is the year that they sold all their bitcoin holdings or whatever but I'm pretty sure it's this year and that could've contributed to the massive depreciation in value. Also saw some journalistic article talking about how Elon cried like a baby during one of their board meetings talking about the state of the company. I think Tesla's in deep trouble internally and financially. It's as if the world is finally realizing that electric cars would work, autopilot won't, and since Elon's at the forefront of this movement, he's getting the brunt of the work.

Am even surprised too with the choice of comparison used to depict the growth and market capitalization of Bitcoin since its launch till date.
Am looking forward to the halving and the bull run that follows before I even begin to consider any statistics presented about its market capitalization and asset worth against the dollar, gold, not Tesla obviously.
With the massive adoption of cryptocurrency worldwide, even recent movies now use reference to crypto or Bitcoin because of the fact that it is the future of money, not Tesla that its energy demand may cause a deficiency in materials for its batteries. Am not trying to shade Tesla, but am saying the market capitalization of Bitcoin would be more come next year for very good reasons.

That's not surprising anymore, actually, because it's proven and tested when it comes to long-term investment. Since it started, we haven't seen it decrease with every halving that it has the opportunity to lift the market.

and with every passing year,  the number of investors who believe that this can actually provide profit is increasing, and perhaps one of the reasons is the decentralization that only the holder has control over.

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.

What is so crazy about it? It's a very low bar to exceed, a global decentralized currency system should be worth more than an electric car manufacturer, because there will be many electric car companies, but only one cryptocurrency can dominate the market.

Plus Bitcoin already had marketcap over 1 trillion during the previous bull market, so we're not even seeing any record-breaking here.

The part that was noticeable for me was that there was an increase in the previous 24hrs (at the time of you creating the post) of over 14%. The price increase has been a welcomed change. As for the comparison with Tesla, well it is valued based upon shares prices and they could move up or down as frantically as crypto but if it is leading Tesla today, maybe Tesla will overtake it tomorrow. I would not look at those comparisons as an indicator for any projections.

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.

Bitcoin is an asset and the price will only increase if demand increases. I don't understand what you mean when you say the price may increase but the user base will shrink, how is that possible? It's true that utility and adoption are important, but if we look at bitcoin as an investment, an asset, and saying price doesn't matter is inaccurate and dishonest.


OP didn't make this comparison, he just pulled the data from another site. This comparison makes no sense because they belong to two different fields. But what they want to emphasize is that bitcoin's development is becoming stronger over time.

But then it will continue to increase again and capitalization may reach $1 trillion or $2 trillion in the upcoming bull season.

Nothing crazy here, though i personally feel that it is actually too early to begin to do such a comparison, for there is a high chance that the market cap of tesla will still turnaround to surpass that of bitcoin when the price of bitcoin drops a bit as a means of correction, since i see that the number with which Bitcoin's market cap surpassed that if tesla is not much or significant.

But the Goodnews in this term is that, there is actually no competition between tesla and bitcoin, anybody with a properly working brains would know that in the near future, Bitcoin will be sitting among the top 5 assets with the most market capitalization globally, tesla cannot compete with bitcoin in this regard, this is very certain and not a thing to be surprised about.

Even if Bitcoin and Tesla were in direct competition with each other, there would be space for both to co-exist. Ethereum is an excellent altcoin, it has contracts and is modelled differently to Bitcoin. The same for USDT or DAI (regardless of 1:1 ratio potential pitfalls) and also XRP, they have their own benefits to bring to the table and all are co-existing.

I suppose if you were an investor with a few thousands to invest, in that case there could be a dilemma about where to invest if you narrowed down your shortlist to just Bitcoin and Tesla  ;D

There is no arguing here that the market capacity is changing rapidly and after the forecasts you described about the growth of the bitcoin capitalization to "somewhere between $2 trillion and $3 trillion", this capitalization will probably fall after the completion of the bullish trend in the crypto market, which will again lower the rank of the bitcoin.

Why no? Some experts argue that bitcoin behaves like a technology company, and in some ways it is, given that it is technology and it's market behavior. Of course, no technology (or any other) company has similar fluctuations associated with cycles and, accordingly, the same strong ups and downs.

The types of customers are the same: they all invest for big profits. Tesla is a hype company. Bitcoin is also hype in its own way and attracts the most customers during the hype period.

The point is not that bitcoin is not a stock, but in the general principle of investing in this, which is similar to stocks, only without a regulator and centralization, as well as appropriate investment insurance and other investor protective mechanisms.

But for some reason we compare, don’t we.

There is basically nothing surprising in that considering that the price of Bitcoin is volatile and its market capitalization will also keep fluctuating over time by either going up or down, and we might even see it going to the number 1 position in the future but it will still remain something that is out of that race because it's a cryptocurrency and others are companies and stocks which are different than cryptocurrencies both in nature and also in what they offer.

I wouldn't be surprised if Bitcoin manages to cross all other stocks in that list as well and reach the top during the upcoming bull run because the market capitalization is basically the supply multiplied by unit price and Bitcoin is expected to go very high during the bull run that is upcoming.

So, what do you compare? The stock value?
Let's make it easier and change Tesla with Paypal since they are both finance!

We compare the stock price or the amount of user funds Pyapal has in their custody!
Or we can go for Apple, it has 2.8 trillion but it has $ 400 billion in assets, how much has Bitcoin in assets? Zero as it doesn't own property just as gold!
Tesla has 90 billion in assets, what is the equivalent for Bitcoin here?

Nobody should compare a company with a decentralized currency, it makes no sense!

And if we go even deeper into those, let's assume both of them go down by 50%!
The effect on your Bticoin stash would be obvious, but the effect on your Tesla car? Zero!
Same when it goes up, you are raking profits with BTC, but your car has the same range no matter if the shares go up 1000% times!

Well, you are right, a market where competition or alternatives does not exist, is not complete, and I bet that those participating in such a market will blindly lose a lot of opportunities without even knowing it.

I believe this is why we have bitcoin, which is the main and original cryptocurrency, and we have altcoin, for those who are looking for an alternative to bitcoin in cryptocurrency investments and trading.

And when we come down to worldwide investment assets in general, we have company shares and bonds, we have the real estate, we have land and properties, we have precious metals, we have cryptocurrencies which happens to be the latest innovation, and so on.
And coming to shares, tesla fall under it, and coming to cryptocurrencies, bitcoin fall under it, all this are investment opportunities created for man, Anyone anybody is comfortable with, he or she will go ahead and invest in that area, this is the beauty of choices, alternatives, and diversity.

 

Even if bitcoin capitalization becomes larger and rises to number 1 on this ranking, it doesn't mean anything, this is just a fun but essentially meaningless comparison.  because bitcoin is an asset and we cannot compare asset to a company or organization.  if you want to compare, compare bitcoin with gold and real estate.  but if you compare bitcoin with these two thousand-year-old assets, it will be very lame, gold's capitalization is more than 11 trillion USD while the real estate industry is up to 70 trillion USD.  this shows that bitcoin is still too small but it also shows that bitcoin's potential is still huge and we still have a lot of opportunities.

Hmm, we haven't even started and global assets' top ranking seems to get disturbing aggressively, I'm sure in this rally we'll end up with great achievements. In this Bull rally and ATH cycle, I'm sure we'll touch the multi-trillion capital, at least this is what I'm expecting from the market.

This will create a great reputation among the potential opportunity in the risky markets, and sooner or latter Bitcoin is gonna suppress most of its competitors. Just remember Bitcoin is still a very immature and growing industry the adoption level will bring a stormy change in the whole financial world and it will be hard to stop it for any authority.

We should expect more higher capitalization soon because by the time Bitcoin price is going to reach 100k that is going to make the total market cap to triple and become almost the biggest in the market. The bull market is still loading and when that time comes, those that has been saying that Bitcoin is going to crash and not go bull will be shocked about the bull trend. It will be of advantage not be only the hearer but buyers too in this bear market. There is more to profits from the market if we can be patient and wait for the market to go bullish before we ever sell our holdings.

We could provide proof of that with other stuff. Like how Tesla is in a world where there are other car manufacturers, and is no longer the only electric vehicle neither, and yet they are still the biggest, they created a company that is so big that within less than 20 years they became the biggest car company in the whole world, became even one of the biggest companies in the world as well, they are incredibly huge. That didn't happen because they had no competition, they had competition and still went up.

Bitcoin is not the only currency in the world neither, nor it is  the only asset, and yet with all that competition we have still seen bitcoin grow this much as well. They both have competition in the field that they exist and they both grew strongly even with the competition, sometimes even growing with the competition while at other times growing in spite of competition. That is why if they were on the same field, they would still grow together.

Well, leaving aside that we may be comparing apples and pears, as stompix says, this is part of the speculation game. Seeing bitcoin's market cap approaching and surpassing that of other assets tends to motivate us. By the way, I follow it in https://companiesmarketcap.com/assets-by-market-cap/

Given that at the peak of this cycle the market cap was around $1T, and that the next cycle is likely to see the price multiply by a minimum of one by 2.5 it is quite likely that at the peak of the next cycle we will only have the market cap of gold ahead of us at some point.

As I remember, the capitalization of the entire cryptocurrency industry during the 2021 bull season is almost 3 trillion USD, not just 1 trillion USD today. So the fact that it will surpass all and even the gold market is probably what will happen but if we only talk about bitcoin's capitalization, it will not be an easy task. $13 trillion for the gold market is a huge number, not a small number, and bitcoin is only $500 million, a huge difference.

If comparing total market capitalization, I would compare the capitalization of cryptocurrencies with the stock market. The capitalization of the stock market is about 70-80 trillion USD, this is an extremely large number and we have a long way to go.

Comparing growth of Bitcoin with the growth of a company might not be a good idea. This is because the journey is completely different. This can be observer worh rate of growth. The rate of growth achieved by Bitcoin or crypto is impossible to be done by any other company. When someone starts a company there is lot of time required for setup and other things.

This isn't crazy at all. This is expected. Bitcoin is a global currency. Its value is expected to shoot up past all these private companies. Companies like Tesla are dependent on their business performances. If their products are out of taste of the consumers they're expected to have weak sales and this will reflect on the overall company's value. Bitcoin on the other hand has already proven its worth. Now its growth will depend on adoption, on how strong will it be used by the people. But then again, as the best currency available, there is no way but up.

It's not crazy and it's fundamentally wrong to compare Bitcoin to stocks. As most of the members above pointed out, Bitcoin is completely different from stocks and it's wrong to compare them.

Bitcoin is a very volatile asset, so it is not a measure of whether it will outperform Tesla during this particular period of time or not. Bitcoin will beat larger companies in terms of market capitalization in the long run, but this is not a measure at all of Bitcoin.

The best measure for Bitcoin should be based primarily on the breadth of global adoption by institutions, major corporations, and even governments.

Bitcoin is a global currency, the world's asset, while Tesla or Apple are just a company, so this comparison is lame and does not prove anything. If we want to compare, we should compare bitcoin with gold, real estate, and to make it even bigger, compare the cryptocurrency market with the stock market. And obviously, bitcoin and cryptocurrency are still nothing compared to other assets, but in terms of growth, we have the right to be optimistic about everything because no asset has grown as well as bitcoin.

Tesla's market cap isn't based on anything rational but rather on easy access to fiat money which is created out of nothing. Facebook/Meta losing hundreds of billions in market cap last year after their disastrous metaverse flop shows how easily this paper value can disappear. Bitcoin is something which creates real lasting value in society so I expect it to eventually surpass the market capitalization of all these companies whose value is pumped through infinite money printing.

Been a while since I’ve seen these market cap posts of bitcoin surpassing some large cap stock. Very strange how they seem to only pop up in a bull market and never in a bear market.

Like I said in the past, it’s not suppose to be compared to a stock because it’s more of a commodity or currency. A stock is different bexause it’s owner ship of a physical company and whether the company makes a profit or not the value of the stock varies. Bitcoin isn’t considered a security so it’s completely different.

It will soon be number one by market cap. The growth rate already states the potential. I do not think any company in the world had ever grow or can grow as a faster rate than this.

That's going to drop as quickly as it's gone up, when the prices go down again so this isn't really a big deal but the big deal is the fact that bitcoin although not yet globally adopted, already is competing with the biggest companies in terms of capitalization, imagine the scale it will climb to when the adoption increases, I am sure we're going to be really surpriseda and we probably can't believe it even when it finally happens.

What a growth Bitcoin enjoyed but this is not surprising at all as more and more people as well as investors are recognizing the validity and value of Bitcoin in today's world. The huge market capitalization of Bitcoin is a reflection of how people are now perceiving this cryptocurrency or digital money which is now comparable to the real gold. Amazing to see something that we can never touch, smell, see and feel can this be game-changing in many aspects. I am looking for a bigger growth ahead for the next 15 years.

If we have investors who are not comfortable with investing in Bitcoin because they (wrongly) associate it with criminal activity as a result of negative press coverage, they will put their efforts in to traditional stocks and shares. The more people become aware of crypto and Bitcoin specifically, the market will grow more and until then they will continue to miss out on opportunities because of ignorance.

As you rightly stated regarding altcoins, there has been a healthy market where innovations include staking and contracts make it an option for those deciding to avoid investing in Bitcoin. As long as there is diversity as options, investors should be happy but they should do their research before going proceeding.