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Will Apple follow Tesla in bitcoin purchases?

Posted on November 11, 2022 by admin

Will Apple follow Tesla in bitcoin purchases?

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Answer Will Apple follow Tesla in bitcoin purchases?

A lot of feelings about the bitcoin have changed. Previously, many financial and investment institutions saw bitcoin as a dangerous asset and should stay away from it and warn on many occasions from it and its effects.

Today, many of these opposition institutions have joined the pro-Bitcoin line.

MicroStrategy started the wave of Bitcoin adoption, followed by many big names such as Square, PayPal, and yesterday, Tesla.

In the past few hours, many rumors have emerged about Apple preparing to enter and adopt Bitcoin.

Should Apple follow the trend and buy bitcoin, too?

According to source RBC Capital Markets has indicated that Apple is obligated to create a bitcoin exchange platform and get some bitcoin.

Read:CoinEx donates books to children around the world and special gifts for International Children’s Day

As part of the memorandum directed by RBC Capital Markets to investors, such an investment move would be smarter than entering the electric vehicle market, she added, explaining:

The cryptocurrency digital wallet initiative appears to represent a clear multi-billion dollar opportunity for the company.

Earlier this year, many rumors emerged that Apple is planning to enter the electric car market, as the electric car sector is an emerging sector that has won the approval of users and is witnessing an unprecedented boom.

According to the same rumors, “Hyundai” and “Kia” refused to disclose any negotiations between them and Apple.

RBC Capital Markets’ statement came on the heels of a report that electric car maker Tesla has invested $1.5 billion in bitcoin with plans to accept bitcoin payments for its products.

This news sent the price of Bitcoin to high levels, breaking all records recorded earlier.

The price of Bitcoin reached a new record this morning at the level of 48,142 dollars on the Binance platform.

We talked in a previous news on the Arab Bitcoin that spending on Bitcoin by “Tesla” reached about 15% of its net cash holdings.

Read:A new way to send digital currencies without the Internet in Venezuela … Get to know it

The report issued by “RBC Capital Markets” believes that if Apple decides to enter Bitcoin, it will have little difficulty in securing a large market share due to its track record in the field of technology.

Read also:

Tesla invests 15% of its net cash in Bitcoin… Details here

The Arab Bitcoin Channel for buying and selling digital currencies – video explanation


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