It’s official – 2021 is the year of institutional cryptocurrency. While banks including Goldman Sachs and Deutsche Bank rush to expand into cryptocurrency services for their clients, firms such as MicroStrategy and Tesla are scooping up BTC worth billions to add to their balance sheets.
Now, speculation is rife that Apple may be next, with Tim Draper including the Cupertino tech giant on his list of firms likely to make a move into crypto. But how likely is it?
BTC As a Store of Wealth
As a tech firm, Apple could find multiple routes into the cryptocurrency markets. One is to emulate Tesla and MicroStrategy and simply add some Bitcoin to its treasury reserves.
The company is one of the most cash-rich among all US companies, with nearly $200 billion in stockpile according to its 2020 fourth-quarter earnings report. However, the general outlook for the greenback isn’t necessarily sunny, given the ongoing economic impact of the pandemic.
Inflationary pressure from massive government

Czytaj więcej

Źródło: https://cryptopotato.com/after-tesla-is-apple-eyeing-bitcoin-what-we-could-expect-to-see-next-opinion/