Oh dang, you are right. That is barely scraping the surface really. I was having a conversation today with someone about Apple putting even 10 Billion into the game. That would be so game changing. Especially given the effect that Apple seems to have on other business and the public in general.
Posted Using LeoFinance Beta
Yep and $10 billion would only be 5% of their cash hoard... :)
I know right! Just a drop in the bucket for them. Spent and forgot about just like that.
Posted Using LeoFinance Beta
I mean honestly I don't see a good reason that a company that generates free cash flow and is sitting on a pile of cash doesn't put a couple percent in bitcoin, sure I am biased, but even looking at it from a non-biased perspective, putting 1% or so in there makes a ton of sense if not just to capture some the euphoria going around.
Yeah, I hear you. It's crazy to think they would be so overly cautious. They probably generate in a month what they would be investing. Like I said, spent and forgotten about.
Posted Using LeoFinance Beta
Yep, easily. Eventually they will do it to appease shareholders. "Here we put 2% in bitcoin, now let us run our business again".
Yeah, for sure. I can totally see the drive coming from the shareholders. I hold some Apple stock. Maybe I should make my voice heard! :)
Posted Using LeoFinance Beta