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Crypto Proponents Urge Apple to Join Companies like TESLA to Embrace Crypto

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Crypto Analysts have begun to forecast Crypto engagements for Iphone Maker and Giant Phone Producing Company- Apple after Electric Motor Vehicle Manufacturer Tesla announced big moves of stashing $1.5 Million in BTC. This time, Wall Street Analysts are prophesying that Apple may join the league of Crypto Investors and by a stroke of luck, the giant Phone Company may just launch its own Crypto trade platform.

Read Related Articles: Bitcoin Sets New Price Record of $44K As Multibillion Dollar Tech Firm Tesla Invests $1.5 billion in BTC

RBC Capital decided to spark the flames of desire in Apple by revealing that the Company already provides payment wallets for several customers and is capable of making over $40 billion from running crypto business if it decides to venture into same.

Mitch Steves, an expert analyst at RBC explains that Square, a payments service provider makes approximately $1.6 billion per quarter in BTC-affiliated income from about 30 million install base.

He continued:

“Apple’s install base is 1.5 billion, and even if we assume only 200 million users would transact, this is 6.66x larger than Square. Therefore, the potential revenue opportunity would be in excess of $40 billion a year (15% incremental top-line opportunity).”

These crypto proponents are urging Apple to jump into the market that is still hit by a dearth of crypto exchange service providers. They believe that Apple is capable of solving the compliance and KYC hurdles of crypto affiliated platforms that engender money laundering, terrorism financing and the likes especially if the Company only transfers crypto between its closed system customers.

Crypto proponents see a future where if the leading Phone company embraces the sector, this may continue to influence the US to allow the sector flourish.

An anonymous crypto expert notes:

“If Apple went down this path the U.S.A. would likely acquire the most crypto assets from a global perspective,” 

He continues: “If the U.S.A. owns the most crypto assets (be it bitcoin or other assets), it would not make logical sense in our view to ban it. In addition, with Apple’s secure and world-class software, the U.S.A. would be able to have confidence in user information and balances if needed in the future.”

He continued:

“For example, if the firm purchased $5 billion of bitcoin (20-25 days of cash flow), the price of the underlying asset would need to rise by 10% for the firm to fully fund the entire project in the first place, this is a solid value proposition in our view as the business would be funded without diluting any other projects at the firm.”

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