Apple Urged to Buy Bitcoin to Boost Stock Performance

Strategy executive chairman, Michael Saylor, suggests that Apple, the fourth-largest company globally, should invest in Bitcoin to improve its stock buyback program. Saylor's recommendation follows Jim Cramer's criticism of Apple's buyback program, which he believes is currently ineffective. Despite Apple's $110 billion stock buyback strategy to enhance shareholder value, its stock has dropped by over 17% this year. In contrast, Bitcoin has surged by more than 17% in the same period and over 1,000% in the last five years. As more companies like GameStop, Metaplanet, and The Blockchain Group embrace Bitcoin, the cryptocurrency's adoption continues to grow globally. Additionally, Bitcoin exchange-traded funds have rebounded with significant inflows, indicating renewed investor interest in the digital asset. Read more AI-generated news on: https://app.chaingpt.org/news