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Is Apple Buying Bitcoin? Separating Facts From Fiction

Is Apple Buying Bitcoin? Separating Facts From Fiction



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  1. tldr; With PayPal and Tesla embracing bitcoin, industry observers are looking to Apple as the next major firm to step into crypto. Apple is one of the largest cash-holding companies in the United States. With over $195.57 billion in its coffers, a $1.5 billion investment in bitcoin would represent a 0.76% allocation.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Apple is a really weird scenario with crypto. On one hand it seems right up their ally, since they’re more attuned to helping users protect their privacy than other big techs. But at the same time, they’re *less* likely to give other controls to users, in the name of protecting their ecosystem. IMO, though, the writing is on the wall: they’re buying in.

  3. There is a lot of positive and negative noise around Bitcoin, via the news outlets, and there are 2 things that everyone forgets to /neglects of saying

    1. Bitcoin is a very young market product compared to the others.
    2. It isn’t just a new product with very high return. It’s a paradigm shift in finance and if it succeeds it can change the world.

    Being a digital product it means that it moves at different speed than the other products and that’s why in a little more than a decade it climbed to $50K

    The combination of a paradigm shift force and high speed means that companies must act fast. Big companies like Apple always act slow and take into account the investment risk and Bitcoin has an high one.

    Having said that Apple has $200 billion in cash so buying $1billion worth of Bitcoin is not going to affect them. I’ll not be surprised if Apple operates their own crypto exchange

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