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Bitcoin ETFs: Riding the wave of success
When a new product launches, sometimes it takes a while to gain some traction with only a minority tending to be the early adopters. For example, when the first home microwave was introduced in the late 1960’s, sales were limited to only tens of thousands of units. It was only a decade later after cost improvements that led to a surge of purchases amongst households.(1) However, sometimes the opposite occurs, and a new product sees instant success. For example, when the first smartphone (the iPhone) got launched in 2007, over 122 million smartphone units were sold that year, in what has been one of the most ... (full story)