Michael Saylor recommends Apple buy Bitcoin
According to MicroStrategy CEO Michael Saylor, Apple should buy Bitcoin to consolidate its leadership position. In his opinion, the Cupertino firm is making a mistake by dedicating a massive amount of money to the repurchase of shares.
He highlights that an injection of $100 billion dollars in the purchase of BTC would greatly strengthen the company's position thanks to the enormous returns it would bring in a few years. Saylor's recommendation came during the "Markets with Madison" podcast where the guest reviewed some of the main advantages of investing in the largest cryptocurrency.
MicroStrategy is currently the publicly traded company with the largest holding of BTC. According to recent data, the firm has more than 250,000 coins on its balance sheet. It has been buying these bitcoins since 2020 and now has significant unrealized profits. Each MicroStrategy coin has a purchase price of less than $40,000. The latter gives an idea of the magnitude of the company's profits with BTC.
Saylor believes that Apple should buy Bitcoin to have positive results in the same proportion as MicroStrategy. He emphasizes that these hypothetical results would attract a large number of investors to the shares of the manufacturer of the popular iPhone.
