So there's a whole lotta hoax happening on Twitter that Bitcoin is dead/has been murdered once again since Apple has launched their phone-based credit card and also a compensation plan(cash back) on usage.
Well, what all these people still don't understand is that Bitcoin had supporters even when all the major card companies and banks tried naysaying about BTC. Apple doing that can better be described as they killing mastercard/visa and not Bitcoin.
Apple card is still the Dollar and Bitcoin is still BTC.. that's the difference that keeps us alive lol.
It's the age old comparison between bitcoin and credit cards.
My response has always been that they aren't even comparable. It's literally comparing apples to oranges. One is essentially a debt instrument that gives you credit on demand, the other (BTC) has absolutely nothing to do with the financing of debt, and is just a decentralised currency in its plain form.
If people are telling you that bitcoin will now somehow incur less adoption, or be less utilised as a means of payment simply because Apple is launching their own financial services, then don't listen to them. They aren't even directly competing each other, as they both service completely different needs within the economy. It's a much more valid comparison if you look at traditional banking institution credit cards, vs. apple cards, not decentralised cryptos versus this.
