Apple is said to have bought $ 2.5 billion worth of Bitcoin

Crypto Twitter has exploded in recent days with talks about an Apple announcement that will soon be posted for a multi-billion dollar Bitcoin acquisition. For example, Galaxy Trading is one of the rumors. They say the figure exceeds $ 2 billion.

Meanwhile, ChainLeak CEO Joshuwa Roomsburg estimates that the value of the rumor of the acquisition is $ 2.5 billion. Roomsburg added that if the rumor is true, he will buy an iPhone to commemorate the occasion.

But given Apple's unpleasant history of Bitcoin and other cryptocurrencies, is there any truth to this rumor?

Is Bitcoin Too Controversial for Apple?

In early February, when Tesla announced that it had bought $ 1.5 billion worth of Bitcoin, BTC rose 20% that day. This event set off a rising trend that stopped in mid-April, after reaching a $ 65,000 price target.

A similar trend is expected to happen if Apple also reveals that it bought Bitcoin. But the truth is, for every tweet that supports the rumor, there are just as many tweets that disprove it.

OnChain Capital CEO Ran Neuner said that this will not happen, at least not soon. Similarly, Flappening considers this rumor to be completely false.

"If the odds were negative, that would give Apple a chance to buy #bitcoin worth 2.5 billion euros."

Scaling the file, DevOps engineer Alexander Ross pointed out that Apple is too careful with its image as a company and is unlikely to do anything controversial. He added that investing in Bitcoin could be too risky for the company.

"Apple is not doing anything controversial. They are very image conscious. Bitcoin does not match the image of their company at this time. I wouldn't like anything more, but it's too rebellious for them and too many opportunities for people to use it against them. "

Despite this, the recent rumor paints Apple in a pro-cryptographic light. But whether it extends to a $ 2.5 billion investment is another matter.

Apple Jobs ads highlight interest in crypto

At the end of May, Apple launched a job for a business development manager dealing with "Alternative Payments." One of the key requirements for this job was over five years of experience working with alternative payment providers, including cryptocurrencies.

"Over 5 years of experience working in or with alternative payment providers such as digital wallets, BNPLs, fast payments, cryptocurrencies, etc."

In 2019, Apple Pay vice president Jennifer Bailey said that Apple finds cryptocurrencies interesting and is watching them with interest.

But apart from the recent job posting, Apple has failed to make any affirmative move towards Bitcoin and cryptocurrencies.

Would cryptocurrency be a better investment for the future than Apple Car?

RBC Capital Markets analyst Mitch Steves estimates that Apple could generate up to $ 40 billion in cryptocurrencies by implementing cryptocurrency exchange functionality in its Apple Pay wallet.

"Apple has an installation base of 1.5 billion, which is 6.66 times larger than Square, even if it trades only 200 million people. As a result, the annual revenue potential would exceed $ 40 billion (15% of the top opportunities in the line). "

This, Steves said, is a safer development opportunity compared to producing an Apple car.

The price of Bitcoin did not react as expected given these rumors. BTC fell 4.5% today.

Let me tell you that this article is not an investment tip! I am not a financial analyst and I do not give advice in this field!

If you want to invest, you have to do your own research and make a decision for yourself! If you take advice from others and do not inform yourself, you deserve to lose all your money!

This article is an informative one from the crypto area and there are news about and involving crypto! Crypto is growing more and more every day and more and more companies are starting to integrate crypto and agree that crypto is the future of money!

Companies that will not integrate crypto will be just losers!

The future of money is crypto! This is clear and we need to get used to it!