The Case for Apple to Integrate Bitcoin Support
Recently, Erik Voorhees, the founder and CEO of crypto trading platform ShapeShift, proposed a bold recommendation to Apple. His strategy involves suggesting Apple quietly accumulate Bitcoin and then integrate it into Apple Pay, which he believes could result in a swift billion-dollar gain. This proposal aligns with Voorhees’ core belief in cryptocurrency’s transformative potential and his anti-establishment stance, positioning Apple as a disruptor in traditional payment consulting.
Additional Metaverse Angle
- Chen Fang, COO of BitGo, proposed adding a potential metaverse angle to Erik Voorhees’ bold Bitcoin strategy for Apple. Fang suggests integrating Bitcoin with Apple Pay and their spatial computing device, the Vision Pro, to position Apple as a leader in the emerging metaverse payment space.
Apple CEO Tim Cook’s Stance on Cryptocurrency
In a November 2021 interview, Apple CEO Tim Cook confirmed that he holds cryptocurrency in his personal investment portfolio. While Cook emphasized that his interest in the space was purely personal, he acknowledged that cryptocurrency is reasonable to own as part of a diversified portfolio.
Michael Saylor’s Response
- Michael Saylor, Co-Founder and Executive Chairman of MicroStrategy Inc., responded to Tim Cook’s cryptocurrency interest with a bolder strategy. He believes that integrating Bitcoin support into iPhones and fully converting Apple’s treasury to a Bitcoin Standard would increase shareholder value by a staggering trillion dollars.
Hot Take: Exploring the Potential Impact
It’s clear that the proposal to integrate Bitcoin support into Apple’s ecosystem has sparked interesting discussions within the crypto community. The potential for large-scale adoption of Bitcoin by a company of Apple’s stature is a highly debated and intriguing topic. As the discussions continue, the market will be eagerly watching to see if Apple makes a significant move towards embracing cryptocurrency integration.
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