• Bitcoin price remained largely unaffected, the digital asset continues to trade within a tight range
  • Crypto Twitter is flooded with the news that Apple is buying over $2 billion worth of Bitcoin.
  • BTC may be too controversial for the Apple brand, incoming purchases are unlikely.

Earlier today crypto Twitter exploded with the controversial rumor that Apple will announce its Bitcoin purchase. Such incidents contribute to the fear and uncertainty among traders of cryptocurrency exchanges. This incident however did not lead to a BTC price drop. Bitcoin price remained largely unaffected, the digital asset continues to trade within a tight range

Steve Wozniak recent comments on Bitcoin are likely to have sparked the conversation

Apple co-founder Steve Wozniak is not necessarily invested in Bitcoin. However, in one of his recent presentations at Talent Land Jalisco 2021, Wozniak equated Bitcoin with an amazing mathematical creation. This may have led crypto enthusiasts to believe that Apple is interested in adding BTC  to their balance sheet. 

What started out as a false announcement on Crypto Twitter reached millions of crypto enthusiasts. Cryptocurrency exchanges and influencers participated in the artistic take on fake news. 

It’s interesting that in the past such an event would have sparked a debate in the crypto community and had an impact on Bitcoin price. The false announcement did rounds on several million Twitter feeds without eliciting fear of missing out among traders on cryptocurrency exchanges

The tech giant is yet to respond to these headlines. The company has a history of steering clear of controversies on social media. The fact of the matter is that Apple has remained neutral on Bitcoin despite an increase in the number of institutions’ foraying into cryptocurrencies. It has been watching cryptocurrencies from the sidelines for years but has started looking for a prospective employee with experience in cryptocurrency payments.  

The world’s largest company by market capitalization recently started a headhunt for a ‘Business Development Manager – Alternative Payments’ position, looking for someone with  ‘5+ years experience working in or with alternative payment providers, such as digital wallets, BNPL, Fast Payments, cryptocurrency and etc’. This is another event that fed the rumor mills. 

CEO Tim Cook may still be obsessed with making physical cash obsolete, but users cannot buy BTC  directly through Apple Pay. It is possible through multisig crypto wallet BitPay. The major American company continues to watch ‘Bitcoin’ and has not confirmed any announcement of buying Bitcoin in the recent past. 


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin reaches new highs near $90,000, on-chain data show chances of pullback

Bitcoin reaches new highs near $90,000, on-chain data show chances of pullback

Bitcoin hit a new all-time high of $89,900 on Tuesday before easing to around $86,000, following a 30% surge since November 5. Technical indicators suggest the rally may be overstretched, with a potential corrective pullback ahead. 

More Bitcoin News
GIGA investor loses $6M to phishing scam via fake Zoom link

GIGA investor loses $6M to phishing scam via fake Zoom link

On Monday, a Gigachad (GIGA) investor lost $6.09 million due to a phishing attack involving a fake Zoom link. Crypto investigation firm Scam Sniffer declared the scam that led the victim to a malicious site, compromising their wallet.

More Cryptocurrencies News
Tron, Avalanche and Uniswap: Double-digit gains on the cards, technical indicators show

Tron, Avalanche and Uniswap: Double-digit gains on the cards, technical indicators show

Tron is breaking above an ascending triangle formation on Tuesday, signaling a potential rally continuation. While AVAX and UNI are retesting their crucial support level — if supported, this suggests an upside move — all three altcoins look poised for double-digit gains as the crypto rally continues.

More Cryptocurrencies News
BNB: Bullish technical pattern validated, eyes all-time high

BNB: Bullish technical pattern validated, eyes all-time high

Binance Coin trades slightly down on Tuesday after breaking above an ascending triangle formation on the weekly chart, following a 12.5% rally last week. The technical outlook suggests a bullish breakout pattern and continuation of the rally, with a target set for a new all-time high of $825.

More Binance News
Bitcoin: Further upside likely after hitting new all-time high

Bitcoin: Further upside likely after hitting new all-time high

Bitcoin hit a fresh high of $76,849 on Thursday as crypto-friendly candidate Donald Trump won the US presidential election. Institutional demand returned with the highest single-day inflow on Thursday since the ETFs’ launch in January.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP