Crypto Updates

Executive at $35,000,000,000 Investment Firm Says Crypto Nearing Its ‘iPhone Moment’ – Here’s What He Means

Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock

Chris Dixon, general partner at investment giant Andreessen Horowitz (a16z), says that the crypto industry may be approaching its “iPhone” phase of adoption.

In a new interview with Laura Shin on the Unchained Podcast, Dixon references the evolution of the smartphone in the mid-2000s when the iPhone finally delivered a product that would eventually lead to mass adoption.

After the iPhone caught on, Dixon says the smartphone industry reached a “sweet spot” where a barrage of highly popular apps were all developed for mobile users within a short period of time, like Uber, Instagram and Snapchat.

According to the investor, crypto hasn’t yet had the same moment, but it’s likely coming into view.

“I was there for the early iPhone application wave and what happened is, you had like a 13-year period of people trying to create smartphones. The iPhone came out in 2007, and smartphone innovation in Silicon Valley probably began 15 years before the iPhone like General Magic, there were a bunch of people trying to create smartphones in the 2000s. 

And then the iPhone came out, and it finally nailed the infrastructure, nailed the phone. And then there was like a year of flashlight apps, and then about a year later you started to see entrepreneurs entering and I was actually an active investor at that point.

If you look at the data, it was between 2009 and 2011 when almost all the top apps were started, meaning Uber, Snap, Instagram – they were all kind of in that range. 

And so at some point, you hit this kind of sweet spot in computing evolution and I don’t think we’re there yet, we haven’t had our ‘iPhone moment’ yet in crypto, but I do think that a lot of signs point to it being in the near future.”


Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an…

Click Here to Read the Full Original Article at The Daily Hodl…