Bitcoin’s Performance Compared to Apple: Can BTC Compete with AAPL’s Growth?

Since the launch of Bitcoin futures in December 2017, the cryptocurrency has experienced significant volatility and price swings, but its gains are a clear contrast to Apple’s soaring stock price. Bitcoin has gained nearly 202% from late 2017 through September 2024, with Apple’s stock skyrocketing by 427% during that period, giving it a strong lead over the leading cryptocurrency. This performance gap has analysts and investors reevaluating their perspectives on both investment vehicles.

#Bitcoin futures, offered by major U.S. exchanges, coincided with the 2016-2017 bull market peak, marking a defining moment in the cryptocurrency’s evolution. Following its launch, Bitcoin faced a prolonged bear market in 2018. This relationship raises questions about whether futures affect Bitcoin’s price behavior; economist Yukio Noguchi has argued that futures have a negative impact on Bitcoin’s momentum after the market.

Apple’s rise in the market has been supported by the remarkable evolution of the #iPhone and its portfolio of diverse services, including complementary innovations such as AirPods and Apple Watch. This strategic expansion has not only increased sales but also cemented Apple’s position as a functional leader in the technology industry. Moreover, with the introduction of the Apple Vision Pro, the company is demonstrating its determination to be at the forefront of technological advancement by making significant strides in the virtual and augmented reality sectors.

Despite Bitcoin’s resilience over the years, its performance in 2024 has raised concerns among investors. Analysts suggest that without strong bullish catalysts or changes in market sentiment, #Bitcoin may have difficulty regaining its upward momentum. While some optimistic forecasts predict a possible rally to $150,000, the cryptocurrency’s difficulty maintaining its upward momentum could deter new investors looking for immediate returns.