On Monday, Apple announced plans to invest more than $500 billion in business operations in the United States, including areas such as artificial intelligence, manufacturing and engineering.
Crypto was not particularly present in Apple’s announcement, but some in the industry speculated about potential moves towards digital assets. The environment under the Trump administration,” Angus O’Callaghan, head of trading and markets for the XDC Network, told Thestreet Crypto.
“Apple has the reach and technical knowledge of its users to seamlessly enter the digital asset space,” added O’Callaghan.
Apple has not released any details regarding the possibility of an entry into Crypto.
In 2021, Apple CEO Tim Cook admitted that he personally invested in Crypto, but the company admitted that it was not considering digital assets as part of its corporate strategy. He said this at the 2021 Dealbook Online Summit. “I don’t think people will buy Apple stocks to be exposed to Crypto,” he added, making it clear that the company has not integrated digital assets into the Apple Payment Ecosystem. “That’s not something we have plans to do immediately.”
Last year, Bitcoin Maximalist Maximalist Michael Saylor’s company strategy (formerly known as MicroStrategy) acts as a proxy for one of the world’s leading digital assets, advised Apple to buy $100 billion in Bitcoin. did. This advice was ignored by the company, and Cook continued to maintain only his personal holdings of the code.
Meanwhile, Saylor’s Bitcoin investment pitch for rivals like Microsoft also failed, as Microsoft shareholders voted against investing in digital assets last year.
Following Monday’s news, some industry observers also raised other questions about Apple’s US investment strategy, which coincides with the Trump administration, which rather promoted American companies overseas, fostering American companies that promoted innovation in American companies. It suggests that it could be a broader and calculated effort. Domestic.
Apple stocks are currently trading at $247.66.