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Should Apple buy bitcoin?

Additionally, Steves suggests that Apple should purchase and hold Bitcoin or other cryptocurrency as a reserve asset, much like electric car maker Tesla announced today.

Could Apple add Bitcoin to its balance sheet?

While Apple’s biggest cryptocurrency opportunity would be in building an exchange, it could also consider adding Bitcoin or another digital currency to its balance sheet, RBC wrote. “This would send even more users to ‘Apple Exchange,'” Steves said, and would likely further boost Bitcoin prices.

Could Apple be the next company to buy crypto?

People seen outside the Apple store at Marina Bay Sands. In a shape of a giant orb, Apple’s third retail store, Apple Marina Bay Sands officially opened on September 10 this year. Elon Musk’s Tesla just announced it bought $1.5 billion in bitcoin, and RBC Capital Markets thinks Apple could be the next company to buy into crypto.

Will Apple match Tesla's bet on Bitcoin?

With over $195 billion in cash, Apple is more than capable of matching Tesla's bet on bitcoin. With leading tech companies such as PayPal and Tesla embracing bitcoin, industry observers are looking to Apple as the next major firm to step into crypto. Will it really add bitcoin to its balance sheet?