Bitcoin

Apple

Billion

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During a recent <a href="https://www.youtube.com/watch?v=eThjo9wYoF0">appearance</a> on the "Markets with Madison" podcast, which is hosted by NZ Herald journalist Madison Reidy, MicroStrategy CEO Michael Saylor stated that Apple should consider buying $100 billion worth of Bitcoin (BTC) instead of a stock buyback.&nbsp;
"Buy a $100 billion of Bitcoin. It will go to $500 billion. You'll have a $500 billion business growing 20% a year. You will make $100 billion in investment gains a year. Your investors will look at it, and they'll add a trillion or two trillion dollars to your market cap, and now the company will be valued 60% based upon the operating business, 40% based on the balance sheet," he said.&nbsp;
He has stressed that MicroStrategy is taking advantage of digital transformation by buying Bitcoin.&nbsp;
MicroStrategy is, of course, the biggest holder of the leading cryptocurrency by a huge margin. According to the data provided by BitcoinTreasuries, its total holdings currently stand at $17.1 billion worth of Bitcoin.&nbsp;
The company's stock has been on a tear this year, adding more than 182% on a year-to-date basis.&nbsp;
Saylor has also noted that smaller S&amp;P 500 companies could approach Big Tech if they decide to gain exposure to Bitcoin.&nbsp;
"You could take the bottom 98% of the S&amp;P 500. If they bought Bitcoin, their performance could approach the Big Tech. The performance of the S&amp;P index will move toward Bitcoin," he said.&nbsp; <a href="https://u.today/apple-should-buy-100-billion-of-bitcoin-microstrategys-saylor-says">Read original article on U.Today</a>

Apple Should Buy $100 Billion of Bitcoin, MicroStrategy’s Saylor Says

U_Today

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