With $167 billion in cash and 90k bitcoin they could own 1,800,000 bitcoin. This would send bitcoin easily to a million per coin and apple as the most high valued company in the universe. They could make trillions of dollars, just forget about their business model as MicroStrategy did and just add bitcoin to their balance sheet. Tomorrow the company would be worth 10x what it's worth today. Apple has to make this happen as they could be the bitcoin leader of the world. Imagine apple being worth 20 to 30 trillion, well it could with the simple purchase of bitcoin!! If MicroStrategy is worth 75 billion, apple can easily be worth 30 40 50 trillion!!!!
Going to be interested in what the flaw is? Bitcoin - fixed quantity. At 90k - $167 billion should really increase the value. As an aside. Why does Apple keep so much of its asset's in cash??
1.8M bitcoin divided by 30k average daily volume would take roughly 60 days to get in position without much affect on price. 50k coins bought by MSTR, and during that time bitcoin has increased 30k if we assume that the buying is what sent bitcoin from 60ks to 90ks...but that doesn't make sense because 50k bitcoin is less than 2 days average trading volume. So if MSTR buying is having no upward affect on price...what is? Is it because @johnarb keeps pumping it?????? If I've told you guys once I've told you a thousand times that outside events simply align with what the chart is already projecting. The chart was projecting the c&h breakout target long before MSTR started buying this round.
3 months? i never said that mstr bought 50k bitcoiin this past weekend they got the $4.6B from selling mstr shares last week last week, they announced $2B bitcoin purchase, that purchase they mentioned took a few weeks average price $74k
So there you have it, with the average daily volume that should be having zero affect on price...yet here we are at 90k with a potential 183k target going by the C&H. How? SERIOUSLY, DO I HAVE TO SPELL IT OUT FOR YOU GUYS????
To be honest, I'm worried about how much supply was available with dramatically impacting price. Yes, price hasn't fallen, but how could roughly 50k coins be available without moving price above 100k??
Apple already can print money forever and ever. Total value of all bitcoins: $1.4 trillion. Total value of entire crypto market: $3.2 trillion Total value of Apple: $3.45 trillion