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Apple's New Crypto Exchange...

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Админ Админович
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Опубликован в 05 Dec 2021 / В Компьютерная тематика

Clip from Michael On The Mic Ep. 4 Tesla Buys Bitcoin, Apple Creates Crypto Exchange? ????: https://youtu.be/wMgXyKqtPjw ✅ Access Our Investing Group and Real Time Investments In A $700,000 Investing Account: https://bit.ly/3aNRzAn ???? Get Four Free Stocks on WeBull(Valued up to $1600): https://bit.ly/333Em5M ???? The Stock Room Show: https://bit.ly/34fFF1L ???? Get $20 on M1 Finance: https://bit.ly/2xiaSUB ???? Get $5 on Acorns Investing App: https://bit.ly/2SfogQw ???? Get a Free Stock on Robinhood(Valued up to $200): http://bit.ly/3aLi4q5 Apple Inc. should follow in Tesla Inc.’s footsteps, but by getting into cryptocurrencies, not electric vehicles, according to RBC Capital Markets. The iPhone maker could create a sizable new market for growth if it were to develop its Apple Wallet into a crypto exchange, said analyst Mitch Steves. ”The wallet initiative appears to be a clear multi-billion dollar opportunity for the firm (potential for well over $40 billion in annual revenue with limited R&D),” Steves wrote in a note to clients. Companies like Square Inc. and PayPal Holdings Inc., along with closely held exchanges like Coinbase, have all validated the exchange model as a real business, he said, and Apple would immediately gain market share if it were to enter the industry. In addition, Apple’s ecosystem would offer improved security relative to the companies that would be its competitors. Apple shares, up about 70% in the past year, closed up about 0.1% in Monday’s session. PayPal has climbed nearly 40% since it announced it would allow customers to buy, hold and sell cryptocurrencies directly from their PayPal accounts. RBC’s comments come at a time when companies have been showing more interest in Bitcoin and other cryptocurrencies. Notably, Tesla invested $1.5 billion in Bitcoin and indicated its interest in accepting the cryptocurrency as a form of payment Monday. That helped send Bitcoin prices up as much as 16%, cresting $44,000 and hitting a record. Tesla rose 1.3% on Monday. While Apple’s biggest cryptocurrency opportunity would be in building an exchange, it could also consider adding Bitcoin or another digital currency to its balance sheet, RBC wrote. “This would send even more users to ‘Apple Exchange,’” Steves said, and would likely further boost Bitcoin prices. Earlier on Monday, Hyundai Motor Co. and Kia Motors Corp. said they weren’t in talks with Apple to develop an autonomous vehicle. While analysts have been optimistic about the prospect of Apple entering the automotive industry in some fashion, RBC was less effusive, writing that such a move was a higher-risk proposition than crypto. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖➖ ⚠️⚠️⚠️⚠️DISCLAIMER⚠️⚠️⚠️⚠️ I am not a CPA, attorney, insurance, contractor, lender, or financial advisor. The content in these videos shall not be construed as tax, legal, insurance, construction, engineering, health & safety, electrical, financial advice, or other and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a Youtube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Michael Wrubel MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Michael Wrubel's videos. If you need advice, please contact a qualified CPA, attorney, insurance agent, contractor/electrician/engineer/etc. financial advisor, or the appropriate professional for the subject you would like help with. Linked items may create a financial benefit for Michael Wrubel. Any use of other media is by fair-use or license only.

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