The price of bitcoin remained largely untouched, and the digital currency is still trading in a narrow range.
Crypto The report that Apple is buying over $2 billion worth of Bitcoin has gone viral on Twitter.
BTC may be too divisive for Apple’s brand, thus inward sales are doubtful.
The notion that Apple might reveal its Bitcoin purchase emerged on crypto Twitter earlier today. Traders on bitcoin exchanges are fearful and uncertain as a result of such instances. However, there was no price decline in BTC as a result of this incident. The price of bitcoin remained largely untouched, and the digital currency is still trading in a narrow range.
Steve Wozniak, co-founder of Apple, isn’t necessarily a Bitcoin supporter. Wozniak, on the other hand, compared Bitcoin to an outstanding mathematical construct in one of his recent talks at Talent Land Jalisco 2021. This has led some cryptocurrency aficionados to speculate that Apple is considering integrating Bitcoin to its balance sheet.
What began as a bogus declaration on Crypto has now turned into a true story. Millions of crypto fans were reached via Twitter. The artistic take on fake news included cryptocurrency exchanges and influencers.
It’s noteworthy to note that in the past, an event like this would have created a debate in the crypto community and influenced the price of Bitcoin. The bogus message spread across millions of Twitter feeds without instilling fear of missing out among cryptocurrency traders.
The tech behemoth has yet to reply to the news. The company has a track record of avoiding social media issues. The fact is that, despite an increase in the number of institutions investing in cryptocurrencies, Apple has stayed neutral on Bitcoin. It has been a long-time observer of cryptocurrencies, but has just begun looking for a prospective employee with experience in bitcoin payments.
The world’s most valuable corporation is currently on the lookout for a ‘Business Development Manager – Alternative Payments,’ with ‘5+ years experience working with or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, bitcoin, and other’. Another event that fueled the rumor mills was this one.
Apple Pay customers cannot buy Bitcoin directly, despite Apple CEO Tim Cook’s obsession with making physical cash obsolete. BitPay, a multisig crypto wallet, makes this feasible. The large American corporation continues to monitor ‘Bitcoin,’ but has not confirmed any fresh announcements of Bitcoin purchases./n
