More

    Apple Is Not Buying $2.5B Worth Of Bitcoin, Despite What You Heard – Apple (AAPL)

    Recent rumors has suggested that Apple (NASDAQ:AAPL) bought $2.5 billion worth of Bitcoin (CRYPTO: BTC), following in Tesla‘s (NASDAQ:TSLA) footsteps.

    What Happened: ChainLeak CEO Joshuwa Roomsburg said in a Monday tweet that rumors, although he did not specify the source, suggest that Apple would announce a $2.5 billion Bitcoin announcement on the same day.

    The tweet then has taken the crypto community by storm and made its way up to industry news outlet Bitcoinist.

    Apple buying Bitcoin seems an unthinkable PR nightmare and a very real possibility for the company at the same time.

    On one side, we have the firm’s co-founder Steve Wozniak, who recently described Bitcoin as a “mathematical miracle,” and Apple job ads for crypto experts.

    On the other side, Apple is known for being a very image-conscious brand, and Tesla’s Bitcoin investment was met with backlash and pressures over allegations that the network is too polluting.

    Rumor Has It

    OnChain Capital CEO Ran Neuner said that “if negative probabilities were a thing,” that’s how likely he would define this rumor to be.

    Similarly, DevOps Engineer Alexander Ross pointed out that the firm does not do “anything controversial” and “Bitcoin does not at this juncture fit with its brand ethos,” so while such news would make him happy, he does not believe it to be likely.

    As yesterday — the supposed day of the announcement — moves further and further away, the probabilities of the rumor being true seem to get slimmer by the hour.

    What makes those possibilities crumble even more is that with more in-depth research, it looks like the actual origin of the whole thing was a joke made by a cryptocurrency influencer Altcoin Gordon.

    On Friday, Gordon joked in a tweet that Apple would announce a $2.5 billion Bitcoin purchase on Monday.

    The tweet was vague enough so that while his followers recognized the message’s sarcasm, others took it seriously and spread it further.

    Gordon himself seemingly believes to be the source of the gossip, as he wrote in more recent tweets, where he asks for sources on the reports and laughs when a follower suggests that he may cause Bitcoin’s price to fall over the unfulfilled expectations the influencer created.

    Related articles

    Comments

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Share article

    Latest articles

    Atlantis Exchange Received 30,000,000 Advanced Bitcoin as Liquidity

    SEATTLE, WA, May 20, 2022 /24-7PressRelease/ — Atlantis Exchange is pleased to announce that a deposit of 30,000,000 Advanced Bitcoin (“aBTC”), a green cryptocurrency...

    These indicators show how the equities sell-off is influencing crypto prices to fall down

    Cryptocurrencies experienced on May 10 a large market crash, losing over 10% in a single day of most of the coins. This is the...

    Xendit Raises $300M to Grow Payments Platform

    Southeast Asia payments platform Xendit closed a $300 million Series D funding round that brings its total investment capital since 2015 to $538 million,...

    Top Cryptocurrency Prices Today, May 20: After crypto crash, Bitcoin, ETH, Solana, ADA, Polkadot, Matic rise upto 6%

    Top Cryptocurrencies of the World Prices Today in India (May 20, 2022): The global crypto market cap recovered 2.87% in the last 24 hours...

    Ethereum to Merge in August as Final Testing Begins

    The Merge is a milestone upgrade that transitions the Ethereum network consensus mechanism from proof-of-work mining to proof-of-stake (PoS). It is a significant step...

    Newsletter

    Subscribe to stay updated.