Is Apple buying Bitcoin after Tesla invested $1.5 billion? Read to find out

RBC Capital Markets urges Apple to invest in Bitcoins after Tesla Inc invested $1.5 billion. Apple is one of big players in techlogy business with smartphones, smartwatches, TVs, Apps, and or services. If iPhone seller buys Bitcoin, it could help market grow substantially. So, many people around world are waiting about this moment to happen.

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Is Apple buying Bitcoin?

cryptocurrency is seemingly an ever-growing market, and companies like Square Inc. and PayPal Holdings Inc. have already validated exchange model. Neverless, with Apple Wallet, iPhone seller will immediately lead market with its potential. Moreover, Apple is kwn for providing best possible security and privacy services to its customers which would be an added bonus.

In a te to its client, Analyst Mitch Steves said: " wallet initiative appears to be a clear multi-billion dollar opportunity for firm (potential for well over $40 billion in annual revenue with limited R&D)." He also mentioned that if tech giant develops its Apple Wallet into a crypto exchange platform, it will create a sizable growth for market. 

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Many companies are w showing more interest in investing in Bitcoin and or cryptocurrencies. But, after Tesla investing $1.5 billion on Monday, Bitcoin prices rose up as much as 16%, cresting $44,000 and hitting a record. Tesla lifted 1.3% on Monday. 

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It is about time when Apple buys Bitcoin or any or digital currency which will be directly proportional to furr boost Bitcoin prices. Analyst said: “This would send even more users to ‘Apple Exchange." Many market leaders and influencers have been urging iPhone seller to invest in cryptocurrency as it is necessity for growth of such a platform. And if Apple also plans to invest in same or even make a cryptocurrency exchange, Bitcoin’s widescale acceptance might just become a reality. However, Apple has t decided to comment about this, but it is definitely a huge question if organisation will buy Bitcoin after Tesla or t.

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