After Tesla Elon Musk decided to invest $ 1.5 billion in digital assets, especially bitcoin, the leading cryptocurrency set a new record - more than $ 47 thousand. Perhaps Tesla's investment policy has turned Bitcoin into an institutional product. After Tesla's "big news", news began to emerge that tech giant Apple should follow Tesla's path.
Mitch Steves, an analyst at RBC Dominion Securities, said that a publicly traded American company worth over $ 2 trillion could make the United States the world leader in cryptocurrency in the first century.
Analysts said that if Apple starts its cryptocurrency exchange business, Apple could "immediately gain market share and disrupt the industry." According to Steve, these advances open up "billion dollar opportunities for Apple in just a few clicks".
Steves calculated a scenario based on how Square's Jack Dors made over $ 300 million in Bitcoin in the 1.6 quarters of last year.
By comparison, as of January, Apple had 1.65.30 billion monthly active users, while Square had 10 million monthly active users.
In addition, analysts found that Apple's wallet contributed significantly to the company's growth. According to analysts, Apple can make $ 4 billion a year from cryptocurrency exchanges through a wallet.
Recently, Toroso Investments portfolio manager Dan Weisskopf said tech companies should keep a close eye on Bitcoin's peak, especially as a hedge against inflation. He argued that if BTC hit the $ 10 billion to $ 2 billion level, it could generate more profit in the long run than "strong redemption".