100 billion reasons Apple should get behind Bitcoin

Apple should invest a portion of its massive cash reserves in Bitcoin, Toroso Investments’ portfolio manager Dan Weiskopf posted earlier today on the ETF Think Tank website. The site’s lead ETF strategist’s call follows in the footsteps of MicroStrategy CEO Michael Saylor and former Goldman Sachs hedge fund manager Raoul Pal, who both predicted Apple would make a large scale investment in Bitcoin in the upcoming years.

Saylor retweeted and endorsed Weiskopf’s piece with the comment that the tech giant could see a 0 billion gain in market cap by integrating Bitcoin with their products and adding it to their holdings. With a market cap north of

Saylor retweeted and endorsed Weiskopf’s piece with the comment that the tech giant could see a $100 billion gain in market cap by integrating Bitcoin with their products and adding it to their holdings. With a market cap north of $2 trillion, Apple (AAPL) is the world’s most valuable company and has nearly $192 billion cash on hand, according to an earnings report released on Oct. 29.

Weiskopf laid out the case that an investment in Bitcoin of between $10 billion to $20 billion would be more profitable in the long term than Apple’s plan of carrying on with “risky and expensive” stock buybacks. He said it would also be a prudent hedge against inflation.

“Apple’s management has a unique opportunity to think outside the box. The company’s loyal ecosystem, technological expertise and financial strength means that a relatively small risk towards digital could align it with the most disruptive technology trend since the internet.” As an aside, the price of BTC would need to rise 545% — roughly $100,000 per BTC — in order to approach Apple’s current market cap of $2.03 trillion.

100 billion reasons Apple should get behind Bitcoin: Michael Saylor, Reuters, Nov 12

trillion, Apple (AAPL) is the world’s most valuable company and has nearly 2 billion cash on hand, according to an earnings report released on Oct. 29.

Weiskopf laid out the case that an investment in Bitcoin of between billion to billion would be more profitable in the long term than Apple’s plan of carrying on with “risky and expensive” stock buybacks. He said it would also be a prudent hedge against inflation.

“Apple’s management has a unique opportunity to think outside the box. The company’s loyal ecosystem, technological expertise and financial strength means that a relatively small risk towards digital could align it with the most disruptive technology trend since the internet.” As an aside, the price of BTC would need to rise 545% — roughly 0,000 per BTC — in order to approach Apple’s current market cap of

Saylor retweeted and endorsed Weiskopf’s piece with the comment that the tech giant could see a $100 billion gain in market cap by integrating Bitcoin with their products and adding it to their holdings. With a market cap north of $2 trillion, Apple (AAPL) is the world’s most valuable company and has nearly $192 billion cash on hand, according to an earnings report released on Oct. 29.

Weiskopf laid out the case that an investment in Bitcoin of between $10 billion to $20 billion would be more profitable in the long term than Apple’s plan of carrying on with “risky and expensive” stock buybacks. He said it would also be a prudent hedge against inflation.

“Apple’s management has a unique opportunity to think outside the box. The company’s loyal ecosystem, technological expertise and financial strength means that a relatively small risk towards digital could align it with the most disruptive technology trend since the internet.” As an aside, the price of BTC would need to rise 545% — roughly $100,000 per BTC — in order to approach Apple’s current market cap of $2.03 trillion.

100 billion reasons Apple should get behind Bitcoin: Michael Saylor, Reuters, Nov 12

.03 trillion.

100 billion reasons Apple should get behind Bitcoin: Michael Saylor, Reuters, Nov 12