RATE Group | Financial Commentator Compares Bitcoin to Apple “When It Was on the Edge of Going Bust”
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Financial Commentator Compares Bitcoin to Apple “When It Was on the Edge of Going Bust”

25 Sep Financial Commentator Compares Bitcoin to Apple “When It Was on the Edge of Going Bust”

Posted at 19:53h in Bitcoin News by

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Contents

  • Different bubbles
  • Bitcoin and big tech

Financial commentator Clem Chambers recently compared Bitcoin to technology behemoth Apple on the heels of the former’s price capitulation. He also says that he will stack up sats in the coming days.

Bitcoin Price Drops Like a Rock to $7K. Peter Schiff Predicts

Different bubbles

In his op-ed piece published by Forbes, Chambers ruminates whether Bitcoin will follow in the footsteps of commodities, such as gold or copper, or major tech companies in the likes of Apple.

If the former is the case, Bitcoin will have a couple of ebbing price rallies before being “forgotten.” However, if it replicates the success of big tech, it could surge to unsurmountable highs.

Bitcoin protects itself from exactly the economic reason why high prices are the solution to high prices.

Speaking of the recent sell-off, Chambers says that he will buy the dip, but he won’t make haste.

I will be buying a little in the coming days and more if we hit $6,000 and a lot if we see $4,000.

However, another study showed that it could…

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