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Could Apple invest $2 billion in Bitcoin?

Apple of all companies has the ability to tolerate risk, and even putting just 1% of its cash on hand would amount to a $2 billion investment into Bitcoin. Notably, analysis from Ark Investments sees Bitcoin growing to $70,000 per coin if US companies put 1% into it, and $400,000 a coin if companies put 10% into the cryptocurrency.

Is Apple interested in cryptocurrency?

With little other evidence that Apple has any serious interest in cryptocurrency, let alone a specific coin, it is reasonably safe to say that the company has not officially purchased a large quantity of bitcoin.

What is a bitcoin halving event?

A Bitcoin halving event is when the reward for mining bitcoin transactions is cut in half. This event also cuts in half Bitcoin's inflation rate and the rate at which new bitcoins enter circulation. Both previous halvings have correlated with intense boom and bust cycles that have ended with higher prices than prior to the event.

What will Apple announce at its September event?

San Francisco (CNN Business) Apple usually announces a buzzy new lineup of iPhones at its hotly anticipated September event. But not this year. Instead, rumors, as well as hints from the event's typically cryptic invitatio n, suggest the company will reveal updates to the Apple Watch and iPad.