Cryptocurrencies
Apple Should Create Crypto Exchange and Buy Bitcoin, Says RBC
- RBC’s Steves sees multi-billion-dollar opportunity for Apple
- Bitcoin prices soar and hit record after Tesla investment
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Apple Inc. should follow in Tesla Inc.’s footsteps, but by getting into cryptocurrencies, not electric vehicles, according to RBC Capital Markets.
The iPhone maker could create a sizable new market for growth if it were to develop its Apple Wallet into a crypto exchange, said analyst Mitch Steves.