London Daily

Focus on the big picture.
Thursday, Jul 03, 2025

Rumor Has It: Apple Soon To Announce Over $2 Billion Purchase of Bitcoin

Rumor Has It: Apple Soon To Announce Over $2 Billion Purchase of Bitcoin

Crypto Twitter went crazy with talk that Apple would soon announce a Bitcoin purchase in the billions of dollars. For example, Galaxy Trading is one of many pushing this rumor. According to them the purchase amount is more than $2 billion.

Crypto Twitter went crazy with talk that Apple would soon announce a Bitcoin purchase in the billions of dollars. For example, Galaxy Trading is one of many pushing this rumor. According to them the purchase amount is more than $2 billion.

According to the CEO of ChainLeak, Joshuwa Roomsburg, the rumored purchase amount is $2.5 billion. Roomsburg added, if the rumor is true, he will buy an iPhone to commemorate the occasion.

The real question is: with Apple’s not-so-great history with Bitcoin and cryptocurrency, is there any truth to this rumor?

Does Apple Find Bitcoin Too Controversial?

Back in February, when Tesla CEO Elon Musk announced that the company had purchased $1.5 billion in Bitcoin, BTC spiked 20% on the day. This event marked the beginning of a bullish trend that topped out in mid-April, having hit a $65,000 price peak.

One could speculate that a similar trend would happen, if Apple reveals it has also bought Bitcoin. But, for every tweet endorsing the rumor, there are just as many rubbishing it.

The CEO of OnChain Capital, Ran Neuner, responded by flat out declaring it won’t happen, at least, not anytime soon.

Similarly, @Flappening playfully puts the chances of Apple buying Bitcoin in the negatives.

DevOps Engineer Alexander Ross raised the point that Apple is too brand conscious and unlikely to do anything controversial. He added that Bitcoin investing might be a step too far for the firm.

“Apple dont do anything controversial. They’re very brand conscious. Bitcoin does not at this juncture fit with its brand ethos. I would love nothing more, but its too rebellious a move for them and too many opportunities for people to use it against them.”

However, recent hearsay paints Apple in a pro-crypto light. If that that extends to a $2.5 billion investment is completely another story.

Apple Job Ad Signals Interest In Crypto
In May Apple posted a job ad looking for a Business Development Manager dealing with “Alternative Payments.” One of the key requirements for the job is over five years of experience working with alternative payment providers, including cryptocurrency.

“5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency and etc..“

Back in 2019, the Vice President of Apple Pay, Jennifer Bailey, said Apple thinks cryptocurrency is interesting, and they are watching it with interest.

But, other than the recent job posting, Apple has failed to make any affirmative moves towards Bitcoin and cryptocurrency.

RBC Capital Markets Analyst Mitch Steves estimates Apple could generate as much as $40 billion from cryptocurrency by implementing crypto exchange functionality in the Apple Pay Wallet.

“Apple’s install base in 1.5B, and even if we assume only 200M users would transact, this is 6.66x larger than Square. Therefore, the potential revenue opportunity would be in excess of $40 billion a year (15% incremental top-line opportunity).”

This, Steves said is a safer play compared to producing the Apple car.

The price of Bitcoin failed to react as expected to the rumors. BTC is down 3% today.

Source: Rumor Has It: Apple Soon To Announce Over $2 Billion Purchase of Bitcoin – Fintechs.fi
Comments

Riya Kaif 4 year ago
While the blockchains themselves are secure, the applications running on the blockchain may not be. These applications interact with the blockchain through smart contracts, but just like any other software, bugs in the code can lead to security vulnerabilities. For this, we need to involve the auditors who conduct security audits on the smart contract. Smart Contract Audit helps you find hidden exploits and eventually reduce the risk and provide you an extra layer of security. Bug-free code is nice to have in other types of software, in blockchain applications, it is essential.

Newsletter

Related Articles

0:00
0:00
Close
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
King Charles Plans Significant Role for Prince Harry in Coronation
Two Chinese Nationals Arrested for Espionage Activities Against U.S. Navy
Amazon Reaches Major Automation Milestone with Over One Million Robots
Extreme Heat Wave Sweeps Across Europe, Hitting Record Temperatures
Meta Announces Formation of Ambitious AI Unit, Meta Superintelligence Labs
Robots Compete in Football Tournament in China Amid Injuries
Trump Administration Considers Withdrawal of Funding for Hospitals Providing Gender Treatment to Minors
Texas Enacts Law Allowing Gold and Silver Transactions
China Unveils Miniature Insect-Like Surveillance Drone
OpenAI Secures Multimillion-Dollar AI Contracts with Pentagon, India, and Grab
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Elon Musk Critiques Senate Budget Proposal Over Job Losses and Strategic Risks
Los Angeles Riots ended with Federal Investigations into Funding
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Education Secretary Announces Overhaul of Complaints System Amid Rising Parental Grievances
Massive Anti-Government Protests Erupt in Belgrade
Trump Ends Trade Talks with Canada Over Digital Services Tax
UK Government Softens Welfare Reform Plans Amid Labour Party Rebellion
Labour Faces Rebellion Over Disability Benefit Reforms Ahead of Key Vote
Jeff Bezos and Lauren Sánchez Host Lavish Wedding in Venice Amid Protests
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
North Korea to Open New Beach Resort to Boost Tourism Economy
UK Labour Party Faces Internal Tensions Over Welfare Reforms
Andrew Cuomo Hints at Potential November Comeback Amid Democratic Primary Results
Curtis Sliwa Champions His Vision for New York City Amid Rising Crime Concerns
Federal Reserve Proposes Changes to Capital Rule Affecting Major Banks
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Trump Escalates Criticism of Media Over Iran Strike Coverage
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
Big Four Accounting Firms Fined in Exam Cheating Scandal
NATO Members Agree to 5% Defense Spending Target by 2035
Australia's Star Casino Secures $195 Million Rescue Package Amid Challenges
UK to Enhance Nuclear Capabilities with Acquisition of F-35A Fighter Jets
×