How much cash does Apple have on reserve?
It is reported that Apple is sitting on $167 billion dollars in its cash reserves as of the end of Q3 2023.
How can this cash reserve be used to make more cash? How does this cash reserve play into Apples strategy? If Apple has a crypto strategy in the future; how does this cash reserve play into their crypto foray.
The crypto market is always looking for liquidity. If Apple were to deploy a percentage of its cash reserve into crypto markets; this would be stratospheric for the crypto industry as a whole. I mean this is in the wisest sense. Of course there would have to be strategy and it obviously wouldn’t be a charity gift. I could also assume a good percentage of the current liquidity, today, in the crypto-sphere is either directly or indirectly related to Apples involvement behind the scenes.
Let’s predict Apple will enter the crypto sphere; not if, but when; with their own interoperable token. For Apple, interoperability will be important because they will want to participate, not just within their ecosystem, but within the global confines as well. I will go as far as saying that it is my belief that this foray will involve the EVM (Ethereum Virtual Machine) at a fundamental level.
How does Apple’s cash reserve play into the hypothetical scenario that iEthereum, an Ethereum ERC20 token, is an Apple product?
Note: Everything discussed in this article is pure speculation and game theory. We are making no claims that iEthereum is an Apple product. For those of you that are new to the iEthereum Advocacy Trust website; iEthereum (the erc20 token) contains the Apple brand within its logo. Therefore we discuss this speculation and have fun theorizing. We are not the founders of iEthereum.