Will Apple Be the Next Fortune 500 to Buy Bitcoin?

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

February 9, 2021

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Host

Nathaniel Whittemore

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

This episode is sponsored by Nexo.io.

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Our main discussion: Might Apple by the next company to dive into bitcoin?

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

According to a new report from the Royal Bank of Canada - the country’s largest bank with more than C$800 billion in assets - the best candidate may be Apple.

In this episode, NLW breaks down:

Why the RBC thinks Apple should build a crypto exchange
How a BTC treasury purchase could fund it
Why the crypto exchange space and the bitcoin treasury movement are both white-hot topics of discussion right now

Image credit: David Paul Morris/Bloomberg via Getty Images