Saylor retweeted and endorsed Weiskopf’s piece with the comment that the tech giant could see a $100 billion gain in market cap by integrating Bitcoin with their products and adding it to their holdings. With a market cap north of $2 trillion, Apple (AAPL) is the world’s most valuable company and has nearly $192 billion cash on hand, according to an earnings report released on Oct. 29.
Weiskopf laid out the case that an investment in Bitcoin of between $10 billion to $20 billion would be more profitable in the long term than Apple’s plan of carrying on with “risky and expensive” stock buybacks. He said it would also be a prudent hedge against inflation.
“Apple’s management has a unique opportunity to think outside the box. The company’s loyal ecosystem, technological expertise and financial strength means that a relatively small risk towards digital could align it with the most disruptive technology trend since the internet.” As an aside, the price of BTC would need to rise 545% — roughly $100,000 per BTC — in order to approach Apple’s current market cap of $2.03 trillion.