Apple And Bitcoin May Be Different Animals But Here's Why This Fidelity Analyst Sees Them To Be On The Same Path

Benzinga2022-02-18

Fidelity Director of Global MacroJurrien Timmer compared Apple Inc and Bitcoin(CRYPTO:BTC) and drew similarities on the trajectory of their growth in value.Taking A Creative License: Timmer took to ...

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Comments

Cruidi
2022-02-18
Cruidi
Interesting
CWen
2022-02-18
CWen
good
MrPotatoHead
2022-02-18
MrPotatoHead
I see
LawrenceLBC
2022-02-18
LawrenceLBC
Thanks for sharing.
TriciaChang
2022-02-18
TriciaChang
R
vincentheng8
2022-02-18
vincentheng8
All in aapl to vr n icar

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He said that if Apple increases in market value have been roughly the square of its growth in sales then the expected growth rate for the iPhone maker should be 2855 times for its market value.“At 1699x, it’s in the ballpark,” noted Timmer. The Tim Cook-led company has seen its price grow 1457 times since 1996, while its price-to-sales ratio has grown 30 times.“If the growth in valuation is an exponent of the growth in sales (per Metcalfe’s Law), then price should increase as an exponent of both metrics. For Apple, it has.”Apple And Bitcoin: Comparing Bitcoin to Apple, Timer used the apex coin’s price and its price-to-network ratio. Bitcoin’s valuation has risen 867x since 2011, while its price has shot up 640,633x. 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