Will Apple Be the Next Fortune 500 to Buy Bitcoin?

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A new analyst report from the Royal Bank of Canada suggests that Apple could disrupt the crypto exchange site with a small investment and pay for it by buying Bitcoin.

This episode is sponsored by Nexo.io.

Today on the letter:

  • A changing inflation narrative
  • Reddit raises $ 250 million and has a valuation of $ 6 billion
  • Castle Island Ventures Announces $ 50M Fund II

Our main discussion: Could Apple dive into Bitcoin from the next company?

After Tesla’s surprise announcement of the $ 1.5 billion purchase of Bitcoin, many are wondering which Fortune 500 will be next.

Apple could be the best candidate, according to a new report from the Royal Bank of Canada – the country’s largest bank with assets of more than $ 800 billion.

In this episode NLW breaks down:

  • Why the RBC thinks Apple should build a crypto exchange
  • How a BTC Treasury Purchase Might Fund It
  • Why the crypto exchange room and the bitcoin treasury movement are hot topics of discussion right now

See Also: Apple Should Start Own Crypto Exchange, Says RBC Analyst

Photo credit: David Paul Morris / Bloomberg via Getty Images