While the crypto money markets were entering a period of recession, a claim was made that, if proven to be true, would turn the markets upside down. Apple is said to have made a significant investment in Bitcoin.
Blockchain technology, which underpins Bitcoin, is also the foundation for new generation projects for companies like Google, Microsoft, and Apple. Cryptocurrencies based on this technology, which have a financial equivalent, are also an investment item for the same firms. Companies like Tesla and Microstrategy are investing in Bitcoin and other cryptocurrencies, which boosts market confidence.
Facebook was the technology company that took the most concrete steps in this direction, launching a European-based project with the Libra Association, which was later suspended due to a lack of reputation. Apart from that, there has been no news of technology giants included in GAFAM investing in Bitcoin and altcoins that are already traded in the market. Apple, which holds the title of being the most valuable company in the world, has been accused of making a claim that is not supported by evidence.
For the time being, the allegations are based on small accounts:
@GalaxyTrading “Apple is said to have purchased more than 2 billion dollars worth of Bitcoin.”
Rumor has it, #Apple will make an announcement today that they have purchased $2.5B in #Bitcoin— Joshuwa Roomsburg 🌎⛓️ (@JoshRoomsburg) July 12, 2021
If that happens, I'll buy the latest #iPhone TODAY! I won't use it, I'll just keep it as a souvenir for when #BTC started it's climb to $100k. ⏳ Imagine what alts will do! pic.twitter.com/YyNWSUzz7V
“Apple is expected to announce today that it has purchased $2.5 billion worth of Bitcoin, according to rumors. If it’s true, I’ll go out and buy the latest iPhone right now! BTC starts at $100,000, so I’ll keep it for myself. Imagine the altcoins that will emerge!” @JoshRoomsburg
GalaxyTrading’s sharing, which is just one of the thousands of Twitter accounts that provide information to investors, does not have access to be taken seriously, but it is known that the account has previously shared leak information about the crypto money markets.
Crypto news platform ChainLeak and Joshuwa Roomsburg, CEO of Jaxon Marketing Group, are currently the most credible sources of the allegations. He even speculated on the possibility of Apple announcing the investment.
In recent weeks, Apple has sent out the first signals about blockchain and cryptocurrency:
Apple’s corporate stance and attitude toward cryptocurrencies were actually quite harsh. However, along with Steve Jobs, Apple’s other co-founder Steve Wozniak expressed optimism about Bitcoin’s future, and Apple’s recent announcement of a senior executive with “experience in the crypto money industry” was interpreted as a concrete indicator that this situation will change. It also appears that Apple could create its own cryptocurrency or blockchain-based payment system without ever touching Bitcoin.
What happens if Apple decides to purchase Bitcoin?
Apple’s purchase of Bitcoin and public disclosure of it means that it brings its own reputation to the cryptocurrency world. Reputation is also regarded as one of the most important factors in establishing trust in financial markets.
After a season in which Bitcoin hit $65,000 and the total volume of the cryptocurrency markets surpassed $2.5 trillion, most people can interpret Apple’s purchase of Bitcoin as a vote of confidence in the cryptocurrency markets. This move may allow most large corporations to follow Apple’s lead and increase the number of small investors.