Test

when

Analyst Maddy of Altcoin Buzz took to his latest analysis and reminded everyone of the famous Marshmallow Test—an experiment on delayed gratification where a child is given a choice: eat one marshmallow now or wait 15 minutes and get two. This simple test has shown that those who can delay gratification tend to do better later in life. He ran a similar test but with a modern twist: Should you buy the upcoming iPhone 16 or invest that money in Bitcoin?  
The iPhone 16 is set to be released soon, with a starting price of $799 for the base model or $899 for the mid-range version with 256 GB of storage. It's expected to have some cool features like a faster chip, more memory, AI support, improved cameras, and longer battery life. These upgrades sound great, especially if you rely on your phone for work or content creation.  
But here's where the Marshmallow Test analogy comes in: Instead of upgrading your phone every year, what if you invested that money in Bitcoin?  
Return on Investment: iPhone vs. Bitcoin  
He then took a look at the numbers. The iPhone 15, released last year, cost $899 for the same 256 GB version. If you had taken that money and invested it in Bitcoin a year ago, when the price was around $26,571, you’d have more than doubled your investment. With Bitcoin now sitting at over $63,000, your initial $899 would have turned into $2,139—enough to buy the new iPhone 16 and still have some profit left over.  
Sure, the iPhone 16 promises some exciting features, but is it enough of a leap from the iPhone 15 to justify the cost? If you're someone who doesn’t need the latest tech right away, holding off on the upgrade and investing instead might be a smarter move.In the end, the choice is yours, the analyst said. Do you go for the immediate reward—buying a shiny new phone—or do you wait, invest, and possibly reap bigger rewards down the line?&nbsp;

Coinpedia Fintech News

CoinPedia News

Other articles published on Sep 23, 2024

Australia Cracks Down on Crypto With New Licensing Rules

Pi Network Mainnet Migration Deadline Set for December 31, 2024

Australia Eyes Stricter Licensing for Crypto to Boost Protection

AAVE price reaches highs of $173 on Monday, its highest level since April 2022

Weekly Article Recap: 9/16-9/20

DOGE to the Moon? Potential Dogecoin Price Surge If X Adopts DOGE Payments

Join our free newsletter for daily crypto updates!