Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
New Products, Rising Star
Xiaomi's latest product is a 40-inch smart TV that will sell for roughly $320."I think that Xiaomi's star is definitely rising," said Moorhead. "They've done really well on smartphones. If they stick to what they know, which is [bringing] incredibly high-quality products to market at an insanely low price, then I think there's a potential for them to be relatively successful in this space in China."With regard to Xiaomi's potential in other territories, Moorhead said it is "still questionable.""It's questionable because Xiaomi has not been able to penetrate Western Europe and the US yet," he said. "Their product quality is as important [to the company] as their marketing. They have what I consider a festival environment to be able to sell most of their stuff, where they literally say, 'On this date, we've got this many phones.' They literally have people line up for miles around the block in multiple cities. It's this festival-type environment. Also, they take advantage of this element of, 'Out of stock, we're going fast!'"Xiaomi might not be able to repeat that success in other markets."I think they're gonna have to adapt," said Moorhead. "I haven't seen that technique work well here. I know that Huawei tried that with some online stuff. You need to create that product lust first. It's also the reason Lenovo bought Motorola to use for their Western European, US and South American brands."Patent Attack
If Xiaomi makes any progress outside of China, Miller expects its competitors to cry foul over patents."It's a company like Huawei, where it's kind of unclear if the core intellectual property violates some of the existing patents," said Miller. "Xiaomi is a company you have to take seriously in terms of disrupting the price structure and then how the entrenched companies counter that may be in court. That's the thing to watch for. The drag with all the electronics and manufacturing companies is, they all operate on a shoestring margin anyway."Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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