Apple can get in on Bitcoin using this strategy

Michael Saylor being bullish about Bitcoin is no news. However, in a recent interview he went one step further by touching upon Apple’s potential to become the “world’s biggest, most profitable bank in the history of mankind” through Bitcoin.

Saylor’s MicroStrategy, Tesla, and Square Inc. have all invested in Bitcoin over the past few months. However, Apple Park still hasn’t moved in yet.

Back in 2019, Apple Pay VP Jennifer Bailey had claimed that Apple was “watching cryptocurrency” since “it’s interesting” and “has long-term potential.”

According to Saylor, in the future, companies holding massive capital could solve a basket of problems by buying Bitcoin.

“[...] if Apple, Google, and Facebook build Bitcoin into their application, they improve their business. If El Salvador or Cuba or Turkey or Japan or Russia or the US or the UK or France buy Bitcoin, they fix their balance sheet.”

The MicroStrategy CEO went on to add,

“Every company on Earth, if they buy Bitcoin, they fix their balance sheet. So Bitcoin is the solution to hundreds of thousands of entities. And if you don’t own it, you’re not exposed to each of those entities, right?”

Now, in light of how adoption stats have played out, what’s Bitcoin worth to Apple? Saylor puts the value at $3 trillion.

According to him, iCloud can act as a payment facilitator in the future to move this digital asset.

Calling it “the next big chapter,” Saylor claimed that giants like Apple, Facebook, and Square can take advantage of this strategy. It can simply “sell $10,000 of Bitcoin to 100 million people.”

“If 100 million people have $10,000 sitting in the iCloud, then you just became the world’s biggest, most profitable bank in the history of mankind, right?”