Adoption of Bitcoin could provide Apple with a trillion-dollar opportunity, according to experts.
A number of crypto stakeholders have recommended Bitcoin investments to Apple, the iPhone manufacturer.
Erik Voorhees, founder and CEO of Shapeshift, urged the technology company in a February 16 post on the social media platform X (formerly Twitter) to covertly “purchase several billion BTC” and integrate the leading cryptocurrency into its Apple Pay product.
He claimed that this action would enable the organization to “immediately generate a billion dollars” and further propel the adoption of the leading cryptocurrencies.
Chen Fang, the chief operational officer of BitGo, hypothesized that the company could “dominate metaverse payments” by integrating BTC into Apple Pay and its new Vision Pro headgear.
In 2021, MicroStrategy’s chairman and the largest corporate holder of Bitcoin (BTC), Michael Saylor, stated:
“Incorporating Bitcoin support into the iPhone and transitioning to a Bitcoin-standardized treasury would provide shareholders with a minimum value of one trillion dollars.”
Institutional interest in Bitcoin (BTC) has increased significantly in recent years, resulting in the introduction of a multitude of spot exchange-traded funds (ETFs). These exchange-traded funds (ETFs) signify a noteworthy achievement by providing a wider range of prominent financial institutions and funds with access to Bitcoin.
Apple Inc., which ranks second in terms of market capitalization, maintains an intricate association with the developing cryptocurrency industry.
For a significant period of time, the organization had the Bitcoin whitepaper hosted on its Mac computers. Moreover, numerous crypto-related applications, including MetaMask, Coinbase Wallet, Trust Wallet, Damus, and others, were temporarily removed from the App Store due to Apple’s stringent policies concerning cryptocurrencies.
Despite these obstacles, senior Apple executives have expressed favorable sentiments regarding cryptocurrencies. Coincidentally, co-founder Steve Wozniak disclosed that he had previously invested substantially in the digital asset, endorsing Bitcoin as a wise investment decision.
In the same way, in 2021, Tim Cook, the chief executive officer of Apple, acknowledged his possession of digital assets, placing emphasis on the fact that it represented his personal perspective rather than the organization’s official position on cryptocurrencies.
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