$SoFi Technologies Inc.(SOFI)$Is SoFi sohaiz or so high it will go? Does Apple really destroy it? Is Biden going to sabotage it again?

These are the many questions that plague the investors who are still holding on for dear life the SoFi stock. It has dropped more than70% but has it reached the bottom or is it on its way to become penny stock?

To better answer this question we have to understand the technology in the company name. It is built on state of the art technology to enable banking on the digital world and ithas even got the very elusive license to be abank. Its core business is banking and it is doing it in a digital way. This makes it different from traditional bank and also more appealing and closer to the younger generation. Can others replicate this? Maybe yes but it will take time and the rate at which SoFi is doing is is no joke. Can Apple replace it? Increasingly apple has been pivoting from hardware to services and rightly so because money is easier for the latter. But to dominate and win the battlefield it will have to destroy all and to do so is not easy. It will have to buyover SoFi.