BREAKDOWN: Will Apple Be the Next Fortune 500 to Buy Bitcoin?

BREAKDOWN: Will Apple Be the Next Fortune 500 to Buy Bitcoin?

By CoinDesk

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.

Today on the Brief:

A shifting inflation narrativeReddit raises $250M and has a $6B valuation Castle Island Ventures announces $50M fund II 


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 exchangeHow a BTC treasury purchase could fund itWhy the crypto exchange space and the bitcoin treasury movement are both white-hot topics of discussion right now

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Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io.

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Image credit: David Paul Morris/Bloomberg via Getty Images

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