RATE Group | Think Different? Bitcoin Makes Trillion-Dollar Apple Look Like A Non Starter
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Think Different? Bitcoin Makes Trillion-Dollar Apple Look Like A Non Starter

03 Aug Think Different? Bitcoin Makes Trillion-Dollar Apple Look Like A Non Starter

Posted at 15:12h in Bitcoin News by

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Apple may have become the world’s first trillion-dollar company — but in Bitcoin terms, its performance is as flat as an iPhone 8.

Apple’s Valuation In ‘Debased’ Fiat

Data uploaded to social media this week by BloombergTV host Joe Weisenthal suggests that, despite the technology giant making history in US dollars, the event says more about the dollar than it does Apple’s performance.

“Congrats to Apple on hitting a new high only when priced in the Fed’s debased (and probably obsolete) fiat currency,” he commented on Twitter after the news broke Thursday.  “Meanwhile, here’s Apple priced in Bitcoin.”

A graph of Apple versus Bitcoin depicts a sharp fall as the cryptocurrency’s prices began rising as early as 2010. Despite the company’s fortunes increasing considerably since, when contrasted with Bitcoin, its success barely registers.

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