Analysts at the investment bank RBC Capital Markets called on Apple to follow the example of Tesla and capitalize on the growinginterest in digital assets. Bloomberg reports this.
According to the author of the note to clients Mitch Steves, Apple should launch its own cryptocurrency exchange based on the Wallet app.
“The wallet initiative seems cleara multi-billion dollar opportunity for the firm (with a potential of more than $ 40 billion in annual revenue with limited R&D spending), ”said the analyst.
Steves is convinced the tech giant should buy andstore bitcoin and other coins as reserve assets. According to him, the profit from Apple's investments of $ 1 billion (the amount generated by the company's cash flow in 4-5 days) would be enough to cover the costs of creating a cryptocurrency wallet or exchange.
"This will attract even more users to the Apple Exchange," Steves wrote.
The analyst added that the company's decision to invest in digital assets or create a cryptocurrency wallet / exchange will accelerate Bitcoin's growth.
The investment bank is confident that the entrance toThe digital assets industry will be less risky for Apple than the creation of an electric car, rumors about which appeared back in December. On February 8, Hyundai denied reports of cooperation with the tech giant, Bloomberg wrote.
</p></p>Read this:
Apple can invest in bitcoin and create an exchange platform
Japan needs to launch its digital currency in the next 2-3 years
Four things you need to know before investing in Bitcoin.
Cameron Winklevoss: not buying BTC now is worse than not investing in Amazon and Apple in the 2000s
The largest Canadian bank is not going to launch its cryptocurrency exchange
Fidelity will open its cryptocurrency exchange by the end of the year