Altcoins Talks - Cryptocurrency Forum

Learning & News => News related to Crypto => Topic started by: Nikko on July 11, 2020, 05:20:13 PM

Title: Comparing Apple to Bitcoin? Crypto Occupies a Class of Its Own
Post by: Nikko on July 11, 2020, 05:20:13 PM

Comparing Apple to Bitcoin? Crypto Occupies a Class of Its Own

Is it even fair to compare Bitcoin to younger versions of tech giants like Apple?
A recent article by a Cointelegraph Markets contributor proclaimed that “Bitcoin is the ‘new’ Apple,” explaining just how Bitcoin’s (BTC) price could reach $60,000 by 2023: “Bitcoin hangs near the chasm of the adoption curve, and its price looks similar to Apple’s stock in 2008 before it broke out with a 520% rally.”

The technology adoption curve referenced was Everett Rogers’ famous “diffusion of innovations” model, published in 1962, which described the five stages through which technology becomes “diffused” — i.e., goes mainstream: innovators, early adopters, early majority, late majority and laggards.

Readmore: https://cointelegraph.com/news/comparing-apple-to-bitcoin-crypto-occupies-a-class-of-its-own

Title: Re: Comparing Apple to Bitcoin? Crypto Occupies a Class of Its Own
Post by: TomPluz on July 12, 2020, 10:59:50 AM

Bitcoin is a class of its own and there is nothing that it can be compared to. However, that article above is taking about growth potential and adoption in comparison to Apple. Actually, this is a great honor for Bitcoin to be compared to Apple, which is regarded as a great and a model business organization.