Rumor has it that Apple bought $ 2.5 billion in bitcoins – coin news

The crypto community caused a stir when it was rumored that Apple had bought $ 2.5 billion worth of Bitcoin.

If the rumor is confirmed, it is sure to have a significant impact on the price of this market-leading coin.

Rumor has it that Apple bought $ 2.5 billion in Bitcoin

Crypto Twitter has exploded with rumors that Apple will soon announce the purchase of Bitcoin for billions of dollars.

Galaxy Trading is one of many companies who are spreading this rumor. They say the figure is over $ 2 billion, while ChainLeak CEO Joshuwa Roomsburg puts Apple’s alleged Bitcoin purchase at $ 2.5 billion. Roomsburg added that if the rumors are true, he will buy an iPhone to commemorate the occasion.

When Tesla announced in early February that it had bought $ 1.5 billion worth of Bitcoin, BTC rose 20% that day. The event created a bullish trend that peaked in mid-April after hitting a high of $ 65,000.

Expect a similar trend to follow when Apple reveals it bought Bitcoin too. OnChain Capital CEO Ran Neuner responded by bluntly stating that this is not going to happen, at least not anytime soon.

In response to the event, DevOps engineer Alexander Ross stressed that Apple was taking the brand too seriously and was unable to do anything controversial. He added that investing in Bitcoin could be a step too far for the company.

“Apple doesn’t do anything controversial. They are very brand conscious. Bitcoin doesn’t fit its brand ethos at this point. “

Even so, recent rumors have kept Apple in favor of crypto. But whether that extends to the $ 2.5 billion investment is another question.

The rumor that Apple bought $ 2.5 billion in Bitcoin is true?

At the end of May, Apple applied for a position as Business Development Manager in the “Alternative Payments” division. One of the key requirements for the position is more than five years of experience working with alternative payment providers, including cryptocurrencies.

“More than 5 years of experience working for or with alternative payment providers such as digital wallets, BNPL, instant payments, cryptocurrencies, etc.”

In 2019, Apple Pay VP Jennifer Bailey said Apple thought cryptocurrencies were interesting and interested in them.

However, outside of recent app subscriptions, Apple hasn’t developed a format for bitcoin and crypto.

RBC Capital Markets analyst Mitch Steves estimates that Apple could generate up to $ 40 billion in crypto by implementing a crypto exchange feature in the Apple Pay wallet.

He estimates that even if only 200 million Apple users use transactions, that is 6.66 times larger than Square’s. Therefore, the chance of over $ 40 billion per year in capacity revenue will increase (the top chance increased 15%).

Steve thinks this is a safer thing than Apple’s auto business.

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