January 2, 2025
Bitcoin today is not so dissimilar from the iPhone in 2007. It’s a technological advancement unlike anything that came before it – revolutionizing how we think about basic things like money, trust, and value.
Director of Product
I remember it like it was yesterday – the presentation that changed the world.
When Steve Jobs unveiled the iPhone on stage in 2007, it was clear to me that I was witnessing a seismic shift in technology. The device lived up to the incredible hype, delivering a revolutionary touchscreen and user interface unlike anything the world had seen before.
Despite its groundbreaking design and capabilities, the iPhone wasn’t universally praised at the time. In fact, a lot of tech journalists and industry insiders were skeptical.
They thought its lack of a physical keyboard – a defining feature of the dominant BlackBerry – was a fatal flaw.
Looking back, those criticisms seem laughable, but they serve as an important reminder: even transformative technologies can, and usually do, face widespread doubt.
At the time, Apple’s stock price was priced at just $2.79 per share (when accounting for subsequent stock splits). Since I believed so strongly in the iPhone as soon as I saw it, you’d think I would have rushed to buy a few shares of AAPL, right?
Wrong.
I was young and busy, and I thought investing in the stock market was something for older, more experienced people.
I loved Apple’s products and followed the company’s every move with great interest, but I hesitated to put my money where my mouth was. What if the critics were right? What if I was wrong about what I thought I saw that day? Fear, uncertainty, and doubt got the better of me.
So what does this have to do with bitcoin? A lot, actually.
Bitcoin today is not so dissimilar from the iPhone in 2007. It’s a technological advancement unlike anything that came before it – revolutionizing how we think about basic things like money, trust, and value.
Yet, like the iPhone, bitcoin has its share of vocal detractors. Legacy economists, journalists, and pundits question its utility, dismiss it as speculative, or claim it’s doomed to fail.
Whether you decide to listen to these critics or ignore them will shape your financial future for decades.
The lesson here is to trust your instincts. Study bitcoin. Use it. What do you feel when you experience its speed, transparency, and grace?
Is it just a speculative toy, as some claim, or is it the future of money, already at your fingertips?
Pay attention to what’s happening around bitcoin, not just what people are saying about it.
Why are the largest financial institutions and banks in the world, which used to ignore bitcoin or actively disparage it, suddenly going all-in?
Why has an entire country, El Salvador, embraced bitcoin to combat poverty and spur innovation?
What value does bitcoin offer as a potential solution to problems like inflation and out-of-control government debt?
The trajectory of transformative technologies often starts with skepticism but ends with ubiquity.
Seventeen years ago, smartphones were considered a fancy new luxury technology, but now they are just part of everyday life to billions of people – part of the air we breathe.
Bitcoin is following a similar path. In 17 years, could billions of people be using bitcoin every day to save, spend, and invest?
If they do, how much do you think bitcoin might go up in price? 100X? 1000X?
If bitcoin resonates with you the way Apple did with me back in 2007, don’t make the same mistake I did. Having conviction isn’t enough.
The missing step is turning conviction into action. Instead of standing on the sidelines, take a leap and invest in what you believe has the power to transform the world.
Technologies like the iPhone – and bitcoin – don’t come around often. When they do, they change everything.
The question is: will you act on it, or will you look back years later and wish you had?
The choice, and the way you shape your own future, is entirely up to you.
January 2, 2025
Bitcoin today is not so dissimilar from the iPhone in 2007. It’s a technological advancement unlike anything that came before it – revolutionizing how we think about basic things like money, trust, and value.
Director of Product
I remember it like it was yesterday – the presentation that changed the world.
When Steve Jobs unveiled the iPhone on stage in 2007, it was clear to me that I was witnessing a seismic shift in technology. The device lived up to the incredible hype, delivering a revolutionary touchscreen and user interface unlike anything the world had seen before.
Despite its groundbreaking design and capabilities, the iPhone wasn’t universally praised at the time. In fact, a lot of tech journalists and industry insiders were skeptical.
They thought its lack of a physical keyboard – a defining feature of the dominant BlackBerry – was a fatal flaw.
Looking back, those criticisms seem laughable, but they serve as an important reminder: even transformative technologies can, and usually do, face widespread doubt.
At the time, Apple’s stock price was priced at just $2.79 per share (when accounting for subsequent stock splits). Since I believed so strongly in the iPhone as soon as I saw it, you’d think I would have rushed to buy a few shares of AAPL, right?
Wrong.
I was young and busy, and I thought investing in the stock market was something for older, more experienced people.
I loved Apple’s products and followed the company’s every move with great interest, but I hesitated to put my money where my mouth was. What if the critics were right? What if I was wrong about what I thought I saw that day? Fear, uncertainty, and doubt got the better of me.
So what does this have to do with bitcoin? A lot, actually.
Bitcoin today is not so dissimilar from the iPhone in 2007. It’s a technological advancement unlike anything that came before it – revolutionizing how we think about basic things like money, trust, and value.
Yet, like the iPhone, bitcoin has its share of vocal detractors. Legacy economists, journalists, and pundits question its utility, dismiss it as speculative, or claim it’s doomed to fail.
Whether you decide to listen to these critics or ignore them will shape your financial future for decades.
The lesson here is to trust your instincts. Study bitcoin. Use it. What do you feel when you experience its speed, transparency, and grace?
Is it just a speculative toy, as some claim, or is it the future of money, already at your fingertips?
Pay attention to what’s happening around bitcoin, not just what people are saying about it.
Why are the largest financial institutions and banks in the world, which used to ignore bitcoin or actively disparage it, suddenly going all-in?
Why has an entire country, El Salvador, embraced bitcoin to combat poverty and spur innovation?
What value does bitcoin offer as a potential solution to problems like inflation and out-of-control government debt?
The trajectory of transformative technologies often starts with skepticism but ends with ubiquity.
Seventeen years ago, smartphones were considered a fancy new luxury technology, but now they are just part of everyday life to billions of people – part of the air we breathe.
Bitcoin is following a similar path. In 17 years, could billions of people be using bitcoin every day to save, spend, and invest?
If they do, how much do you think bitcoin might go up in price? 100X? 1000X?
If bitcoin resonates with you the way Apple did with me back in 2007, don’t make the same mistake I did. Having conviction isn’t enough.
The missing step is turning conviction into action. Instead of standing on the sidelines, take a leap and invest in what you believe has the power to transform the world.
Technologies like the iPhone – and bitcoin – don’t come around often. When they do, they change everything.
The question is: will you act on it, or will you look back years later and wish you had?
The choice, and the way you shape your own future, is entirely up to you.
