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Data: Buying Bitcoin Instead of New iPhones Now Yields $242 Million in Profit

Summary: According to reports, Michael Saylor, the CEO of Strategy (formerly MicroStrategy), retweeted a post on X platform suggesting that if one were to invest the price of a new iPhone into Bitcoin each time a new model is released, the current profit would be $242 million. The price of Bitcoin in terms of iPhones has ...

According to reports, Michael Saylor, the CEO of Strategy (formerly MicroStrategy), retweeted a post on X platform suggesting that if one were to invest the price of a new iPhone into Bitcoin each time a new model is released, the current profit would be $242 million. The price of Bitcoin in terms of iPhones has been used by the crypto community as a benchmark for Bitcoin purchasing power, with investors comparing the Bitcoin price of previous iPhone models to understand the value proposition of cryptocurrencies.

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Link: Data: Buying Bitcoin Instead of New iPhones Now Yields $242 Million in Profit [Copy]

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