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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Is 11 Million Truly Impressive?
Apple was quick to brag about reaching its milestone for trial users, but not everyone is impressed."Eleven million sounds pretty bad to me," former hedge fund manager Cody Willard told Benzinga. "How many iPhone users [are] out there? How many iPad? We're talking about several hundred million devices. And we've got less than 10 percent penetration for a free product that was the entire operating system upgrade offering in the last month?"Willard doesn't expect Apple's numbers to remain so high when the trial period is over."Mind you, it's 11 million people trialing it," he said. "If you think even 10 percent is going to pay $10 a month when the trial is over, you're smoking crack. Apple Music will have a few million subscribers in six months and it won't move the needle for Apple or Taylor Swift."Counterpoint: '11 Million Is Solid'
Udall is much more impressed with Apple's results."I think 11 million is solid," he said. "I think that number will grow a lot. I think the family plan is close to the right price. If it was even a buck or two cheaper it would be super attractive. On the individual deal, $7.99, maybe even $8.99, something cheaper than $10 a month could be quite a bit more sticky."Even without a price reduction, Udall expects the trial numbers to top 20 million."I bet you'll see Apple launch more trial periods," he concluded. "They'll do this trial, but it wouldn't surprise me if on each new iPhone release they basically [offered another] trial."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.