Several crypto stakeholders have advised Apple, the iPhone maker, to invest in Bitcoin.
On February 16 after On the social media platform
He said the move would help the company “make a billion dollars immediately” and further drive top cryptocurrency adoption.
Chen Fang, BitGo’s chief operating officer, suggested that integrating BTC into Apple Pay and Apple’s new Vision Pro headset would allow the company to “dominate metaverse payments.”
In 2021, Michael Saylor, the chairman of BTC’s largest corporate holder, MicroStrategy, said said:
“If Apple added support for Bitcoin to the iPhone and converted their treasury to a Bitcoin standard, it would be worth at least a trillion dollars to their shareholders.”
In recent years, institutional enthusiasm for BTC has increased dramatically, culminating in the launch of numerous spot exchange-traded funds (ETFs). These ETFs represent a significant milestone and provide access to Bitcoin for a wider range of prominent financial institutions and funds.
Apple’s relationship with Bitcoin
Apple, the second largest company by market capitalization, has a complex relationship with the emerging crypto sector.
The company previously hosted the Bitcoin whitepaper on its Mac computers for an extended period of time. At the same time, Apple’s App Store has a strict policy regarding cryptocurrencies, resulting in the brief removal of several crypto-related applications such as MetaMask, Coinbase Wallet, Trust Wallet, Damus and others.
Despite these challenges, key people within Apple have expressed positive sentiments toward crypto. Co-founder Steve Wozniak endorsed Bitcoin as a good investment choice, showing that he once made significant investments in the digital asset.
This also applies to Apple CEO Tim Cook named his ownership of digital assets in 2021, emphasizing that this reflected his views rather than Apple’s official position on cryptocurrencies.