Money

Historical Bitcoin Data Reveals Strategy for Choosing the Right iPhone 13

Historical data for Bitcoin (BTC) and Ether (ETH) make selecting Apple’s iPhone 13 model quite easy for crypto enthusiasts.

Apple introduced four different smartphone models on Tuesday, the iPhone 13 and iPhone 13 mini, with a new camera design, as well as the iPhone 13 Pro and iPhone 13 Pro Max with Super Retina XDR displays, each with various options. storage.

With so many different models available in a wide price range, customers find it difficult to choose a specific model as a replacement for their current device. Nevertheless, For crypto enthusiasts, historical market data for major cryptocurrencies makes the selection process a piece of cake.

On average, customers use their smartphones for almost three years before replacing them with a new one, according to a Statista study. In other words, there is a good chance that a consumer looking to purchase an iPhone 13 currently owns a phone purchased during the 2018 Christmas Sale.

Assuming they also bought an iPhone model back then, for comparison’s sake, it means they had options to buy an iPhone 8, iPhone XR, iPhone Xs, or iPhone Xs Ma.x. Starting prices for Apple’s 2018 product family were $ 699, $ 749, $ 999, and $ 1,099 respectively.

There is a $ 400 price difference between the base model and the high-end iPhone. The same price gap would translate to 0.1 to 0.13 BTC if the purchase were to be made in December 2018. That means if a crypto enthusiast made the right decision and chose the base model on their previous purchase, you’d have enough savings today ($ 4,800 to $ 6,200 at the time of writing) to buy several high-end iPhones.

Ether fans could even benefit more from the “buy base, spend rest on crypto” strategy by buying 3 ETH almost three years ago, which is equivalent to 10 iPhone 13 Pro Max devices at the time of writing.

Depending on the cryptocurrency selected, the returns vary drastically. For instance, Binance Coin (BNB) was worth just over $ 5 in early December 2018, while Dogecoin (DOGE) was worth $ 0.00225, which means that investments made in some currencies increased a hundredfold in three years. But one thing is clear: major cryptocurrencies age much better than premium devices in terms of market value.

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TAMMY SEWELL

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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