MultiversX Tracker is Live!

Apple has over $200 billion in cash and marketable securities in their treasury. With the current CPI report showing 5.4% inflation rate, Apple is currently losing $10.8 billion dollars per year to inflation. Why haven't they bought Bitcoin yet?

All Cryptocurrencies

by COINS NEWS 316 Views

Apple has over $200 billion in cash and marketable securities in their treasury. With the current CPI report showing 5.4% inflation rate, Apple is currently losing $10.8 billion dollars per year to inflation.

That's insane and irresponsible on their part. Why not put 1-2% of that in Bitcoin at this point? They are losing it anyways, why wouldn't they take the chance and buy something with it instead of losing 5.4% per year if not more? I really don't understand the logic. I get staying in cash to hedge against volatility but $200 billion of it!? Why don't they buy something with all that cash? Why haven't they bought crypto yet?

Other companies with a s bunch of cash: Google has over $135 billion, Microsoft over $130 billion, Amazon over $85 billion and Alibaba over $70 billion.

submitted by /u/SuperShadyMonKey
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments