Dan Weiskopf, the portfolio manager of Toroso Investments, believes that the big technology company Apple should invest part of its own company assets in Bitcoin.
The investment expert is hitting the same line as Micro CEO Michael Saylor and former Goldman Sachs hedge fund manager Raoul Pal, who both recently predicted that Apple will sooner or later invest heavily in Bitcoin.
Accordingly, Saylor has linked Weiskopf’s contribution and writes in a comment that the technology company could gain more than 100 billion US dollars in shareholder value as a result.
#Apple could generate $100 billion or more in shareholder value if they integrated #Bitcoin into Apple Pay, built a secure crypto wallet into the iPhone, and began buying #BTC with their Treasury Reserves. h/t @ETFProfessor https://t.co/zqDNuFskeY
— Michael Saylor (@michael_saylor) November 11, 2020
With a market capitalization of over 2 trillion. US dollar, Apple (AAPL) is already the most valuable company, with $ 192 billion in cash reserves according to the latest annual report dated October 29.
Weiskopf argues that a Bitcoin investment of between 10 billion and 20 billion US dollars would be more profitable for the company in the long term than the “expensive and risky” share buyback that Apple is currently pursuing. In addition, the cryptocurrency would be a good hedge against inflation.
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Post source: Apple could generate $100 billion or more in shareholder value if they integrated Bitcoin into Apple Pay