Apple’s capitalization could grow by $ 100 billion thanks to bitcoin



Apple should invest some of its huge cash reserves in bitcoin, says Dan Weisskopf, portfolio manager of Toroso Investments.

Apple will not release its cryptocurrency
In his opinion, thanks to the integration of bitcoin into Apple products and investments in the first cryptocurrency, the market capitalization could grow by $ 100 billion.

Weisskopf is confident that an investment of $ 10- $ 20 will bring the company more profit than a “risky and expensive” share buyback. In addition, it is advisable to consider Bitcoin as a hedging tool for inflationary risks.

“It doesn’t matter if you see bitcoin as an inflation hedge, speculative or alternative asset class. This is a technological innovation that Apple can access and provide to its shareholders, ”the expert emphasized.

He added that in this way, the world’s most valuable company could foster a truly massive adoption of digital gold.

Weisskopf’s article on the ETF Think Tank blog was shared by MicroStrategy CEO Michael Saylor.

MicroStrategy acquired 38,250 BTC for which it spent $ 425 million. The company intends to store digital gold for 100 years.

According to Yahoo Finance, the market capitalization of Apple Inc. (AAPL) is $ 2.027 trillion. Bitcoin has this figure at around $ 301 billion, according to CoinGecko.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *