Technology

Here’s 5 Reasons to Stay Bullish on Bitcoin

Published

9 years ago

September 30, 2015

Jeff Desjardins

Here's 5 Reasons to Stay Bullish on Bitcoin

Here’s 5 Reasons to Stay Bullish on Bitcoin

The trough of disillusionment can be soul-crushing for any investor.

It’s that period of time just after the initial hype wears off. Even though the technology had the public’s attention for awhile, it is now passé and just an outdated story. The world moves on, distracted by other shiny objects that capture its attention.

Interestingly enough, this is also the same period when venture capitalists, engineers, and problem solvers convene to actually build out the given technology. The best and most extreme example of this is virtual reality, which endured a trough of disillusionment for decades. People were talking about VR back in the ’90s, but it took many years for the practical technology to fully catch up to the idea. Now, virtual reality is finally emerging from the trough and people are excited again – this time about products like the Oculus Rift.

The same trough of disillusionment has temporarily captured Bitcoin, the blockchain, and their derivatives. The million dollar question is: when will Bitcoin re-emerge?

We think that cryptocurrency will remain in the trough for some time, but there are many reasons to believe that a robust foundation is being built for these technologies.

Here are five reasons to be bullish on Bitcoin:

Venture capitalists continue to invest in Bitcoin. In 2015, $1 billion was invested in startups focusing on the technology, a 300% increase.
Daily transaction volume and users continue to increase. There are 10,000 new users every day.
Bitcoin has been declared dead by media 72 times, and it has survived 48 scandals. Resilience is key.
Blockchain technology has been proposed for use in 90+ different purposes, ranging from networks of ownerless, self-driving cars to financial derivatives. By the way, the big banks announced even they are using blockchain technology for payments.
There are now 29 bitcoin-friendly nations.

Still not convinced? See how bitcoin will disrupt banking in an infographic we put together months ago.

Original graphic by: Holy Transaction

Related Topics:bitcoin cryptocurrency blockchain trough of disillusionment hype cycle

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Technology

Ranked: Semiconductor Companies by Industry Revenue Share

Nvidia is coming for Intel’s crown. Samsung is losing ground. AI is transforming the space. We break down revenue for semiconductor companies.

Published

7 days ago

April 9, 2024

Pallavi Rao

A cropped pie chart showing the biggest semiconductor companies by the percentage share of the industry’s revenues in 2023.

Semiconductor Companies by Industry Revenue Share

This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources.

Did you know that some computer chips are now retailing for the price of a new BMW?

As computers invade nearly every sphere of life, so too have the chips that power them, raising the revenues of the businesses dedicated to designing them.

But how did various chipmakers measure against each other last year?

We rank the biggest semiconductor companies by their percentage share of the industry’s revenues in 2023, using data from Omdia research.

Which Chip Company Made the Most Money in 2023?

Market leader and industry-defining veteran Intel still holds the crown for the most revenue in the sector, crossing $50 billion in 2023, or 10% of the broader industry’s topline.

All is not well at Intel, however, with the company’s stock price down over 20% year-to-date after it revealed billion-dollar losses in its foundry business.

Rank	Company	2023 Revenue	% of Industry Revenue
1	Intel	$51B	9.4%
2	NVIDIA	$49B	9.0%
3	Samsung Electronics	$44B	8.1%
4	Qualcomm	$31B	5.7%
5	Broadcom	$28B	5.2%
6	SK Hynix	$24B	4.4%
7	AMD	$22B	4.1%
8	Apple	$19B	3.4%
9	Infineon Tech	$17B	3.2%
10	STMicroelectronics	$17B	3.2%
11	Texas Instruments	$17B	3.1%
12	Micron Technology	$16B	2.9%
13	MediaTek	$14B	2.6%
14	NXP	$13B	2.4%
15	Analog Devices	$12B	2.2%
16	Renesas Electronics Corporation	$11B	1.9%
17	Sony Semiconductor Solutions Corporation	$10B	1.9%
18	Microchip Technology	$8B	1.5%
19	Onsemi	$8B	1.4%
20	KIOXIA Corporation	$7B	1.3%
N/A	Others	$126B	23.2%
N/A	Total	$545B	100%

Note: Figures are rounded. Totals and percentages may not sum to 100.

Meanwhile, Nvidia is very close to overtaking Intel, after declaring $49 billion of topline revenue for 2023. This is more than double its 2022 revenue ($21 billion), increasing its share of industry revenues to 9%.

Nvidia’s meteoric rise has gotten a huge thumbs-up from investors. It became a trillion dollar stock last year, and broke the single-day gain record for market capitalization this year.

Other chipmakers haven’t been as successful. Out of the top 20 semiconductor companies by revenue, 12 did not match their 2022 revenues, including big names like Intel, Samsung, and AMD.

The Many Different Types of Chipmakers

All of these companies may belong to the same industry, but they don’t focus on the same niche.

According to Investopedia, there are four major types of chips, depending on their functionality: microprocessors, memory chips, standard chips, and complex systems on a chip.

Nvidia’s core business was once GPUs for computers (graphics processing units), but in recent years this has drastically shifted towards microprocessors for analytics and AI.

These specialized chips seem to be where the majority of growth is occurring within the sector. For example, companies that are largely in the memory segment—Samsung, SK Hynix, and Micron Technology—saw peak revenues in the mid-2010s.