Jurrien Timmer, Global Macro Director of asset manager Fidelity, compared Bitcoin and Apple. Jurrien Timmer likened the leading cryptocurrency Bitcoin and technology giant Apple to each other, saying that even though they are completely different in essence, they are on a similar path.
Fidelity’s Global Macro Director Jurrien Timmer compared Apple and Bitcoin via his Twitter account. Timmer sharing; He also pointed out that despite the decline in Bitcoin’s price, the number of active Bitcoin addresses continues to increase steadily and steadily.
Timmer gave the following words in the said post:
“Apple’s price is 1457 times since 1996, price-to-sale ratio is increased 30 times. If the growth in valuation is an exponent of the increase in sales (per Metcalfe’s Law), then the price should increase as a power of both metrics”
After the Apple assessment, Timmer made a similar statement for Bitcoin :
“Bitcoin’s value has increased 867 times and its price 640,633 times since 2011. If we apply Metcalfe’s Law and calculate 867 squared, we get 751.111. This is roughly in line with the realized price gain of 640.633x”
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