Michael Saylor: Converting funds to Bitcoin from new iPhone, with cumulative gains reaching US$242 million
According to online reports, Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), forwarded a tweet on the X platform saying that if every time a new iPhone is released, instead of buying Bitcoin with the same selling price, the current revenue may reach US$242 million. The BTC price of the iPhone has been used by the crypto community as a benchmark to measure the purchasing power of Bitcoin. Investors compare the Bitcoin price of iPhones in previous years to understand the value proposition of cryptocurrencies.
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