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2022-02-18

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

Fidelity Director of Global MacroJurrien Timmer compared Apple Inc and Bitcoin(CRYPTO:BTC) and drew

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

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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.</p><p>“At 1699x, it’s in the ballpark,” noted Timmer. The <b>Tim Cook</b>-led company has seen its price grow 1457 times since 1996, while its price-to-sales ratio has grown 30 times.</p><p>“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.”</p><p><b>Apple And Bitcoin:</b> 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. The square of 867 — following Metcalfe’s law — gives the value of 751,111, which is also in line with how much Bitcoin has risen in price.</p><p>Even though Apple and Bitcoin are different animals, according to Timmer, they follow a similar path — one dictacted by their network growth.</p><p>Timmer noted that Bitcoin’s demand curve is going up and is headed towards the right. He gave out two possible measures based on historical S-curves — mobile phone subscriptions and internet adoptions both of which lead to Bitcoin shooting to unprecedented highs by 2037.</p></body></html>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple And Bitcoin May Be Different Animals But Here's Why This Fidelity Analyst Sees Them To Be On The Same Path</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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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. The square of 867 — following Metcalfe’s law — gives the value of 751,111, which is also in line with how much Bitcoin has risen in price.Even though Apple and Bitcoin are different animals, according to Timmer, they follow a similar path — one dictacted by their network growth.Timmer noted that Bitcoin’s demand curve is going up and is headed towards the right. 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