PANews reported on July 19 that Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), retweeted a tweet on the X platform, in which data showed that if Bitcoin was purchased using the selling price of each new generation of iPhone, the current profit could reach US$242 million.

Analysts believe that the BTC price of iPhone has been used by the crypto community as a benchmark for measuring the purchasing power of Bitcoin, and investors understand the value proposition of cryptocurrency by comparing the Bitcoin price of iPhone in previous years.