4 Articles
4 Articles
Bitcoin as revolutionary as smartphone, according to CoinDesk
CoinDesk’s president of indices and data has a message for investors: Don’t count out bitcoin. “When I got my first smartphone, which is a great example of a disruptive technology that has been incorporated into my life, I didn’t get the smartphone and say, ‘This thing is garbage because I can’t get a taxi in front of my home whenever I want it.’ I was very excited that I didn’t have to carry an MP3 player and my cellphone at the same time,” Dav…
Why Bitcoin’s Path Mirrors the Smartphone’s Awkward Rise
Bitcoin sits roughly 50% below its all-time high of $126,279 set last October. Prices dipped near $63,000 this week after briefly crossing $65,000. Exchange-traded products tied to it have shed value. Yet one veteran observer sees echoes of another technology that once felt clunky and incomplete. David LaValle, president of indices and data at CoinDesk, draws the parallel directly. When he first picked up a smartphone, he didn’t dismiss it becau…
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