It would make sense for Apple to put it’s vast cash reserves into bitcoin, in the same way that Tesla did, but it would still be a risky move. With nearly $200bn in cash at the last quarterly report, $2bn would be just 1 per cent of the iPhone maker’s holdings. If true, you would imagine that bitcoin’s price would receive a similar bump to when Elon Musk announced Tesla’s crypto investment.
#Bitcoin

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