‘Apple should buy Bitcoin,’ Saylor says, as share buyback disappoints

'Apple should buy Bitcoin,' Saylor says

MicroStrategy CEO Michael Saylor recently suggested that tech giant Apple should seriously consider buying Bitcoin, as their current share buyback strategy fails to impress. Saylor has been a vocal advocate of Bitcoin, with his company MicroStrategy holding significant Bitcoin assets.

Why Bitcoin?

Bitcoin, the world's first and largest cryptocurrency, has been on an impressive run, with its value skyrocketing in recent months. Saylor believes that Bitcoin's growth potential coupled with its ability to act as a hedge against financial instability makes it a viable asset for Apple's portfolio.

Apple's Share Buyback Disappoints

Apple had previously announced a share buyback strategy aiming to return value to its shareholders. However, this move has been met with disappointment as it failed to deliver the expected results. Saylor suggests that investing the same amount into Bitcoin could yield superior returns.

Bitcoin's Proven Track Record

Bitcoin's proven track record as a store of value and increasing acceptance worldwide lends credibility to Saylor's suggestion. Referencing data from bitcoinmeter.io, it's clear that Bitcoin's value has consistently outpaced traditional investment vehicles, indicating its potential for high return on investment.

Bitcoin Fear and Greed Index

The Bitcoin Fear and Greed Index measures market sentiment towards Bitcoin. Currently, the Index indicates a high level of greed, suggesting that investors are bullish about the prospects of Bitcoin. This further supports Saylor's assertion that Apple should consider investing in Bitcoin.

Disclaimer: This content is for informational purposes only and not financial advice. Always do your own research before making any financial decisions.