SlideShare a Scribd company logo
1 of 17
By: www.ProfitableInvestingTips.com
Crypto is in the doldrums. A Bloomberg Crypto
article about the year after the FTX blowup
paints a sad picture. A lot of people lost a lot of
money during crypto winter. However, market
crashes happen. Strong industries and strong
companies recover and resume growth. The
momentum for crypto seems to be going the
other way.
Roughly 19 out of 20 of more than 70,000 NFT
collections are pretty much worthless. A
lukewarm future is about the best that many
see for crypto. We are reminded of Apple when
it was so desperate that it accepted a $150
million bailout from Bill Gates and archrival
Microsoft. Today we see Apple as the model
for crypto’s future.
From Near Bankruptcy to Being a $2.5 Trillion
Company
Years ago Business Insider published the Apple
comeback story. This was long before Apple
became a trillion dollar company. The story has
to do with Steve Jobs. Jobs and Wozniak
founded Apple and created the personal
computer. After several years Jobs was forced
out of Apple. Subsequently the company faded
and found itself on the verge of bankruptcy.
They brought Jobs back.
The company had lost the creative and
technological spark that initially made it great.
When Steve Jobs came back the company
created the iPod, the iPad, the iPhone, the
Apple store, iTunes and turned cell phones into
essential personal devices. Some may see this
as a series of new inventions and products. We
see it as a return to the original purpose of
Apple. We think there is a lesson here that
crypto can learn from.
What Was Crypto’s Original Purpose?
The first cryptocurrency was Bitcoin. The
Financial Crisis inspired its creation in 2009. A
system anchored in blockchain technology
would allow for peer to peer money transfers
without middlemen. This sort of decentralized
system would provide a degree of financial
privacy as well. Nobody at a bank could see
what you were doing. Just like when Apple
invented the personal computer, Bitcoin was a
fresh idea that had a lot of value.
Apple got in trouble because it kicked out the guy
who understood the basic idea behind the
personal computer and brought in business
people interested only in milking profit out of
the company. A similar thing happened in
crypto as the dollar value of Bitcoin and other
cryptocurrencies skyrocketed. While many
crypto businesses devoted themselves to
finding bona fide uses of crypto, others only
sought to milk the system in order to get rich.
Don’t Be Too Proud to Accept Help
Rather than remaining apart from the traditional
financial system, crypto and especially
decentralized finance are going to become part
of the bigger financial picture. Some in the
crypto world are concerned that traditional
financial entities are moving into the crypto
realm. But these folks are also bringing
experience and expertise that was too often
sadly lacking in many of the crypto businesses
that went under during crypto winter.
When Steve Jobs came back to Apple he
swallowed his pride and accepted a $150
million loan from his archrival Bill Gates and
Microsoft. Microsoft got preferred shares of
stock which they later sold for a handsome
profit. The financial lifeline from Microsoft
allowed Jobs and Apple to start a creative
streak virtually unparalleled in tech history.
Let Technology Innovators Lead
Another lesson for the crypto world from the
Apple story is that the folks in charge need to
be those with technological savvy and not
those who are jumping in when they see the
chance to make a lot of money. The invention
of the smart contract for decentralized finance
adds value to the crypto world.
So will governmental digital currencies. Our
opinion is that when people come into the
system solely to suck out profits it will fail.
When folks invent useful and exciting things in
the crypto world they will be following the
example of Apple’s recovery and further
growth.
For more insights and useful information about
investments and investing, visit
www.ProfitableInvestingTips.com.

More Related Content

Similar to Apple as a Model for Crypto’s Future

Coin perspective investment
Coin perspective investmentCoin perspective investment
Coin perspective investment
NINADSAXENA1
 
cryptocurrency investing bible : a way to be a millionaire
cryptocurrency investing bible : a way to be a millionairecryptocurrency investing bible : a way to be a millionaire
cryptocurrency investing bible : a way to be a millionaire
ssuserc1e3ce
 
7 Events That Changed Cryptocurrencies Forever Coin Gabbar.pdf
7 Events That Changed Cryptocurrencies Forever  Coin Gabbar.pdf7 Events That Changed Cryptocurrencies Forever  Coin Gabbar.pdf
7 Events That Changed Cryptocurrencies Forever Coin Gabbar.pdf
coingabbar
 
Startup deck from Business Insider
Startup deck from  Business InsiderStartup deck from  Business Insider
Startup deck from Business Insider
dpvrai
 
Cryptocurrency_Master_Everything_You_Need_To_Know_About_Cryptocurrency_061220...
Cryptocurrency_Master_Everything_You_Need_To_Know_About_Cryptocurrency_061220...Cryptocurrency_Master_Everything_You_Need_To_Know_About_Cryptocurrency_061220...
Cryptocurrency_Master_Everything_You_Need_To_Know_About_Cryptocurrency_061220...
Sumni Uchiha
 
Cfa cryptoasset guide to bitcoin blockchain crypto for investment professional
Cfa cryptoasset guide to bitcoin blockchain crypto for investment professionalCfa cryptoasset guide to bitcoin blockchain crypto for investment professional
Cfa cryptoasset guide to bitcoin blockchain crypto for investment professional
Rein Mahatma
 
Triumph Of The Nerd Essay
Triumph Of The Nerd EssayTriumph Of The Nerd Essay
Triumph Of The Nerd Essay
Amy Moore
 

Similar to Apple as a Model for Crypto’s Future (20)

Top 10 ICO News
Top 10  ICO NewsTop 10  ICO News
Top 10 ICO News
 
Coin perspective investment
Coin perspective investmentCoin perspective investment
Coin perspective investment
 
cryptocurrency investing bible : a way to be a millionaire
cryptocurrency investing bible : a way to be a millionairecryptocurrency investing bible : a way to be a millionaire
cryptocurrency investing bible : a way to be a millionaire
 
Fintech and Blockchain
Fintech and BlockchainFintech and Blockchain
Fintech and Blockchain
 
NATIVE VML Trends Report July 2015
NATIVE VML Trends Report July 2015NATIVE VML Trends Report July 2015
NATIVE VML Trends Report July 2015
 
COTI - NOAH19 Tel Aviv
COTI - NOAH19 Tel AvivCOTI - NOAH19 Tel Aviv
COTI - NOAH19 Tel Aviv
 
Irrational Exuberance: A Tech Crash is Coming
Irrational Exuberance: A Tech Crash is ComingIrrational Exuberance: A Tech Crash is Coming
Irrational Exuberance: A Tech Crash is Coming
 
7 Events That Changed Cryptocurrencies Forever Coin Gabbar.pdf
7 Events That Changed Cryptocurrencies Forever  Coin Gabbar.pdf7 Events That Changed Cryptocurrencies Forever  Coin Gabbar.pdf
7 Events That Changed Cryptocurrencies Forever Coin Gabbar.pdf
 
Crypto Classification System
Crypto Classification SystemCrypto Classification System
Crypto Classification System
 
Keynote Sales Kickoff Interoute
Keynote Sales Kickoff InterouteKeynote Sales Kickoff Interoute
Keynote Sales Kickoff Interoute
 
Startup deck from Business Insider
Startup deck from  Business InsiderStartup deck from  Business Insider
Startup deck from Business Insider
 
Cryptocurrency_Master_Everything_You_Need_To_Know_About_Cryptocurrency_061220...
Cryptocurrency_Master_Everything_You_Need_To_Know_About_Cryptocurrency_061220...Cryptocurrency_Master_Everything_You_Need_To_Know_About_Cryptocurrency_061220...
Cryptocurrency_Master_Everything_You_Need_To_Know_About_Cryptocurrency_061220...
 
Cfa cryptoasset guide to bitcoin blockchain crypto for investment professional
Cfa cryptoasset guide to bitcoin blockchain crypto for investment professionalCfa cryptoasset guide to bitcoin blockchain crypto for investment professional
Cfa cryptoasset guide to bitcoin blockchain crypto for investment professional
 
Notable International Fintech Trends For 2021
Notable International Fintech Trends For 2021Notable International Fintech Trends For 2021
Notable International Fintech Trends For 2021
 
Bitcoin going Big
Bitcoin going BigBitcoin going Big
Bitcoin going Big
 
Google Facts
Google FactsGoogle Facts
Google Facts
 
Triumph Of The Nerd Essay
Triumph Of The Nerd EssayTriumph Of The Nerd Essay
Triumph Of The Nerd Essay
 
What's Wrong with the Silicon Valley Growth Model (Extended UCL Lecture)
What's Wrong with the Silicon Valley Growth Model (Extended UCL Lecture)What's Wrong with the Silicon Valley Growth Model (Extended UCL Lecture)
What's Wrong with the Silicon Valley Growth Model (Extended UCL Lecture)
 
AI - FUTURE 2032 - You LOST Opportunity in BITCOIN? NOT AGAIN in AI
AI - FUTURE 2032 - You LOST Opportunity in BITCOIN? NOT AGAIN in AIAI - FUTURE 2032 - You LOST Opportunity in BITCOIN? NOT AGAIN in AI
AI - FUTURE 2032 - You LOST Opportunity in BITCOIN? NOT AGAIN in AI
 
Third Industrial Revolution Sept 2014
Third Industrial Revolution Sept 2014Third Industrial Revolution Sept 2014
Third Industrial Revolution Sept 2014
 

More from InvestingTips

More from InvestingTips (20)

When to Buy and When to Sell Bitcoin
When to Buy and When to Sell BitcoinWhen to Buy and When to Sell Bitcoin
When to Buy and When to Sell Bitcoin
 
Dangers of Investment Leverage
Dangers of Investment LeverageDangers of Investment Leverage
Dangers of Investment Leverage
 
Are Private Digital Tokens On Their Way Out?
Are Private Digital Tokens On Their Way Out?Are Private Digital Tokens On Their Way Out?
Are Private Digital Tokens On Their Way Out?
 
When Should Investors Trade Options?
When Should Investors Trade Options?When Should Investors Trade Options?
When Should Investors Trade Options?
 
Will Northrup Grumman Go Into Commercial Aviation?
Will Northrup Grumman Go Into Commercial Aviation?Will Northrup Grumman Go Into Commercial Aviation?
Will Northrup Grumman Go Into Commercial Aviation?
 
How Would a Crypto Privacy Pool Work?
How Would a Crypto Privacy Pool Work?How Would a Crypto Privacy Pool Work?
How Would a Crypto Privacy Pool Work?
 
How CFTC Rules Protected a Crypto Business
How CFTC Rules Protected a Crypto BusinessHow CFTC Rules Protected a Crypto Business
How CFTC Rules Protected a Crypto Business
 
Blockchain Tech in the Wake of Crypto Winter
Blockchain Tech in the Wake of Crypto WinterBlockchain Tech in the Wake of Crypto Winter
Blockchain Tech in the Wake of Crypto Winter
 
Economic and Investment Risks for 2024
Economic and Investment Risks for 2024Economic and Investment Risks for 2024
Economic and Investment Risks for 2024
 
Can Stablecoins Be Self-regulating?
Can Stablecoins Be Self-regulating?Can Stablecoins Be Self-regulating?
Can Stablecoins Be Self-regulating?
 
Bitcoin Viability As a Long Term Investment
Bitcoin Viability As a Long Term InvestmentBitcoin Viability As a Long Term Investment
Bitcoin Viability As a Long Term Investment
 
Bitcoin Versus NFTs
Bitcoin Versus NFTsBitcoin Versus NFTs
Bitcoin Versus NFTs
 
Would a Digital Dollar Hurt Banks?
Would a Digital Dollar Hurt Banks?Would a Digital Dollar Hurt Banks?
Would a Digital Dollar Hurt Banks?
 
Will 2024 Be a Good Year for Crypto?
Will 2024 Be a Good Year for Crypto?Will 2024 Be a Good Year for Crypto?
Will 2024 Be a Good Year for Crypto?
 
Should You Diversify Your Crypto Investments?
Should You Diversify Your Crypto Investments?Should You Diversify Your Crypto Investments?
Should You Diversify Your Crypto Investments?
 
Obligations of a Crypto Business
Obligations of a Crypto BusinessObligations of a Crypto Business
Obligations of a Crypto Business
 
Does Crypto Finance Terrorism?
Does Crypto Finance Terrorism?Does Crypto Finance Terrorism?
Does Crypto Finance Terrorism?
 
Are Smart Contracts Legal?
Are Smart Contracts Legal?Are Smart Contracts Legal?
Are Smart Contracts Legal?
 
Can the Law Fix Crypto’s Problems?
Can the Law Fix Crypto’s Problems?Can the Law Fix Crypto’s Problems?
Can the Law Fix Crypto’s Problems?
 
Are Crypto Infrastructure Investments Safe Bets?
Are Crypto Infrastructure Investments Safe Bets?Are Crypto Infrastructure Investments Safe Bets?
Are Crypto Infrastructure Investments Safe Bets?
 

Recently uploaded

R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatóriosR$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
Maurílio Júnior
 
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
Faga1939
 

Recently uploaded (20)

Embed-3-1-1.pdf The ECI direction on April 2, 2024 can be read here:
Embed-3-1-1.pdf  The ECI direction on April 2, 2024 can be read here:Embed-3-1-1.pdf  The ECI direction on April 2, 2024 can be read here:
Embed-3-1-1.pdf The ECI direction on April 2, 2024 can be read here:
 
19052024_First India Newspaper Jaipur.pdf
19052024_First India Newspaper Jaipur.pdf19052024_First India Newspaper Jaipur.pdf
19052024_First India Newspaper Jaipur.pdf
 
israeil_bnetaniahou_panel_report_eng.pdf
israeil_bnetaniahou_panel_report_eng.pdfisraeil_bnetaniahou_panel_report_eng.pdf
israeil_bnetaniahou_panel_report_eng.pdf
 
Have A Complimentary Cheat Sheet, On Us!!!
Have A Complimentary Cheat Sheet, On Us!!!Have A Complimentary Cheat Sheet, On Us!!!
Have A Complimentary Cheat Sheet, On Us!!!
 
25052024_First India Newspaper Jaipur.pdf
25052024_First India Newspaper Jaipur.pdf25052024_First India Newspaper Jaipur.pdf
25052024_First India Newspaper Jaipur.pdf
 
23052024_First India Newspaper Jaipur.pdf
23052024_First India Newspaper Jaipur.pdf23052024_First India Newspaper Jaipur.pdf
23052024_First India Newspaper Jaipur.pdf
 
Nika Muhl Visa Approval Shirt, Nika Muhl Visa Approval T-Shirt
Nika Muhl Visa Approval Shirt, Nika Muhl Visa Approval T-ShirtNika Muhl Visa Approval Shirt, Nika Muhl Visa Approval T-Shirt
Nika Muhl Visa Approval Shirt, Nika Muhl Visa Approval T-Shirt
 
May 2024 - Crypto Market Report_FINAL.pdf
May 2024 - Crypto Market Report_FINAL.pdfMay 2024 - Crypto Market Report_FINAL.pdf
May 2024 - Crypto Market Report_FINAL.pdf
 
21052024_First India Newspaper Jaipur.pdf
21052024_First India Newspaper Jaipur.pdf21052024_First India Newspaper Jaipur.pdf
21052024_First India Newspaper Jaipur.pdf
 
2024 - Love and Madness - a book about love, madness, heartbreak and politics
2024 - Love and Madness - a book about love, madness, heartbreak and politics2024 - Love and Madness - a book about love, madness, heartbreak and politics
2024 - Love and Madness - a book about love, madness, heartbreak and politics
 
Embed-4-1-1.pdf vm ;sdkp[kdp[kpdkpodp;p;j
Embed-4-1-1.pdf vm ;sdkp[kdp[kpdkpodp;p;jEmbed-4-1-1.pdf vm ;sdkp[kdp[kpdkpodp;p;j
Embed-4-1-1.pdf vm ;sdkp[kdp[kpdkpodp;p;j
 
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatóriosR$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
R$ 78 milhões: Estado aprova 593 propostas para acordos diretos de precatórios
 
20052024_First India Newspaper Jaipur.pdf
20052024_First India Newspaper Jaipur.pdf20052024_First India Newspaper Jaipur.pdf
20052024_First India Newspaper Jaipur.pdf
 
Meta_AI_ads_investigation.pdfldoljjwejolejolol
Meta_AI_ads_investigation.pdfldoljjwejolejololMeta_AI_ads_investigation.pdfldoljjwejolejolol
Meta_AI_ads_investigation.pdfldoljjwejolejolol
 
Encore portal Project PPt on live portal
Encore portal Project PPt on live portalEncore portal Project PPt on live portal
Encore portal Project PPt on live portal
 
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
PEACE BETWEEN ISRAEL AND PALESTINE REQUIRES EXTREMISTS OUT OF POWER AND RESTR...
 
Minnesota Timberwolves Bring Ya Ass T Shirt
Minnesota Timberwolves Bring Ya Ass T ShirtMinnesota Timberwolves Bring Ya Ass T Shirt
Minnesota Timberwolves Bring Ya Ass T Shirt
 
Embed-4-3 (1).pdf cvxx'f['df[p'lf][l][fl][fl][][l[
Embed-4-3 (1).pdf cvxx'f['df[p'lf][l][fl][fl][][l[Embed-4-3 (1).pdf cvxx'f['df[p'lf][l][fl][fl][][l[
Embed-4-3 (1).pdf cvxx'f['df[p'lf][l][fl][fl][][l[
 
24052024_First India Newspaper Jaipur.pdf
24052024_First India Newspaper Jaipur.pdf24052024_First India Newspaper Jaipur.pdf
24052024_First India Newspaper Jaipur.pdf
 
Dominican American Coalition PAC Executive Summary
Dominican American Coalition PAC Executive SummaryDominican American Coalition PAC Executive Summary
Dominican American Coalition PAC Executive Summary
 

Apple as a Model for Crypto’s Future

  • 2. Crypto is in the doldrums. A Bloomberg Crypto article about the year after the FTX blowup paints a sad picture. A lot of people lost a lot of money during crypto winter. However, market crashes happen. Strong industries and strong companies recover and resume growth. The momentum for crypto seems to be going the other way.
  • 3. Roughly 19 out of 20 of more than 70,000 NFT collections are pretty much worthless. A lukewarm future is about the best that many see for crypto. We are reminded of Apple when it was so desperate that it accepted a $150 million bailout from Bill Gates and archrival Microsoft. Today we see Apple as the model for crypto’s future.
  • 4. From Near Bankruptcy to Being a $2.5 Trillion Company
  • 5. Years ago Business Insider published the Apple comeback story. This was long before Apple became a trillion dollar company. The story has to do with Steve Jobs. Jobs and Wozniak founded Apple and created the personal computer. After several years Jobs was forced out of Apple. Subsequently the company faded and found itself on the verge of bankruptcy. They brought Jobs back.
  • 6. The company had lost the creative and technological spark that initially made it great. When Steve Jobs came back the company created the iPod, the iPad, the iPhone, the Apple store, iTunes and turned cell phones into essential personal devices. Some may see this as a series of new inventions and products. We see it as a return to the original purpose of Apple. We think there is a lesson here that crypto can learn from.
  • 7.
  • 8. What Was Crypto’s Original Purpose?
  • 9. The first cryptocurrency was Bitcoin. The Financial Crisis inspired its creation in 2009. A system anchored in blockchain technology would allow for peer to peer money transfers without middlemen. This sort of decentralized system would provide a degree of financial privacy as well. Nobody at a bank could see what you were doing. Just like when Apple invented the personal computer, Bitcoin was a fresh idea that had a lot of value.
  • 10. Apple got in trouble because it kicked out the guy who understood the basic idea behind the personal computer and brought in business people interested only in milking profit out of the company. A similar thing happened in crypto as the dollar value of Bitcoin and other cryptocurrencies skyrocketed. While many crypto businesses devoted themselves to finding bona fide uses of crypto, others only sought to milk the system in order to get rich.
  • 11. Don’t Be Too Proud to Accept Help
  • 12. Rather than remaining apart from the traditional financial system, crypto and especially decentralized finance are going to become part of the bigger financial picture. Some in the crypto world are concerned that traditional financial entities are moving into the crypto realm. But these folks are also bringing experience and expertise that was too often sadly lacking in many of the crypto businesses that went under during crypto winter.
  • 13. When Steve Jobs came back to Apple he swallowed his pride and accepted a $150 million loan from his archrival Bill Gates and Microsoft. Microsoft got preferred shares of stock which they later sold for a handsome profit. The financial lifeline from Microsoft allowed Jobs and Apple to start a creative streak virtually unparalleled in tech history.
  • 15. Another lesson for the crypto world from the Apple story is that the folks in charge need to be those with technological savvy and not those who are jumping in when they see the chance to make a lot of money. The invention of the smart contract for decentralized finance adds value to the crypto world.
  • 16. So will governmental digital currencies. Our opinion is that when people come into the system solely to suck out profits it will fail. When folks invent useful and exciting things in the crypto world they will be following the example of Apple’s recovery and further growth.
  • 17. For more insights and useful information about investments and investing, visit www.ProfitableInvestingTips.com.