Apple could benefit from buying Bitcoin for various reasons, including using it as an inflation hedge.

From Nasdaq: 2024-12-12 07:30:00

Microsoft investors will vote on whether to invest in Bitcoin at their annual meeting on Dec. 10. With Bitcoin’s price surging 1,300% in the past five years and 140% in 2024, it’s catching the attention of corporate executives, including Microsoft’s. Meanwhile, Apple, with $157 billion in cash on hand, could consider buying Bitcoin for various reasons.

Apple’s massive cash reserves make it a prime candidate to invest in Bitcoin. With a market cap of nearly $2 trillion, Bitcoin’s size allows for a significant investment without causing major price movements. Moreover, Bitcoin could serve as an inflation hedge, potentially increasing Apple’s value over time.

By investing in Bitcoin, Apple could help lead the charge in mainstream adoption. While not typically the first to market, Apple’s size and influence could set a trend for other companies to follow suit. As Bitcoin’s price continues to rise, more publicly traded companies may consider owning it as part of their strategy.

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Read more at Nasdaq: 4 Brilliant Reasons Why Apple Should Buy Bitcoin