.TimmerFidelity has drawn parallels between Bitcoin and Apple
, director of global macro at Fidelity says that the number of active Bitcoin addresses continues to grow steadily despite the price drawdown, comparing the largest cryptocurrency to tech behemoth Apple.
An S-curve is a mathematical model that is applied to demonstrate growth in a variety of different fields. The pattern helps to illustrate the introduction and adoption of certain technologies such as mobile phones and the internet. Timmer points to the fact that Apple’s price has increased in tandem with sales growth and valuation growth:
He then calculates Bitcoin’s valuation while applying Metcalfe’s law, which says that the valuation of a certain network is proportional to the square of the number of users:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fidelity International launches Bitcoin ETP on Deutsche BoerseA physical Bitcoin exchange-traded product from Fidelity International is now available for trading on the Deutsche Boerse Xetra and Frankfurt Stock Exchange under the ticker FBTC.
Weiterlesen »
Banning Bitcoin is Like Banning the Internet, Says Russia’s Finance MinisterRussia's Financial Minister - Anton Siluanov - believes that banning cryptocurrencies is like banning the internet - equally impossible.
Weiterlesen »
Breaking: US State Colorado Will Accept Bitcoin For Tax Payments Starting This SummerColorado Governor Jared Schutz Polis has just announced that his state will begin accepting Bitcoin for tax payments starting this summer. Speaking to CNBC on Wednesday, the state’s Governor Jared Schutz Polis confirmed that his administration was fast-tracking a plan to roll out a framework...
Weiterlesen »
$120B Oil and Gas Giant ConocoPhillips Joins The Bitcoin Mining Fuel BusinessConocoPhillips, one of the world’s largest independent oil and gas exploration companies is utilizing its extra gas to power Bitcoin mining. According to a Tuesday report by CNBC, the company disclosed that it is currently running a pilot project in Bakken, an oil-rich region in North Dakota...
Weiterlesen »
SEC filings mentioning ‘Bitcoin’ skyrocket in 2022 signaling institutional acceptanceThe Securities and Exchange Commission (SEC) and Bitcoin have been the subject of an increasing number of discussions over the... Continue reading
Weiterlesen »
Russia Goes Bullish On Bitcoin With Proposed Crypto Mining Tax ReductionThe Russian Ministry of Economic Development (RECD) has announced that it would cut a significant percentage of taxes on Bitcoin mining activities within the region. This announcement, which was reported by local news source Izvestia, further explained the plans of the Kremlin government to...
Weiterlesen »