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

Author
CoinDesk
Published
Tue 09 Feb 2021
Episode Link
https://www.coindesk.com/podcasts/the-breakdown-with-nlw/apple-next-buy-bitcoin-exchange

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 narrative

Reddit 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 exchange

How a BTC treasury purchase could fund it

Why the crypto exchange space and the bitcoin treasury movement are both white-hot topics of discussion right now

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