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