CoinDesk executive compares bitcoin's potential to smartphone revolution, urges patience amid price dip
By
Emma Wilson
6h ago· 4 min readenNews
Summary
CoinDesk's president of indices and data, David LaValle, compares bitcoin's current struggles to the early days of smartphones, arguing that disruptive technologies take time to mature and shouldn't be judged prematurely. He encourages investors not to count out bitcoin despite its recent price decline of almost 2%.
Source
bskyCoinDesk executive compares bitcoin's potential to smartphone revolution, urges patience amid price dipcnb.cxKey quotes
· 3 pulledWhen 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
Don't count out bitcoin.
CoinDesk’s president of indices and data has a message for investors: Don’t count out bitcoin.
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