Bitcoin Surpasses Tesla, Ranks 11th Globally

[krishnaverma]

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 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.

[CarnagexD]

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.

[DapanasFruit]

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.

[JollyGood]

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.

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.