100 billion reasons Apple should get behind Bitcoin: Michael Saylor

Portfolio manager Dan Weiskopf has a win/win plan for a fitting marriage between tech's biggest giant and Bitcoin, which has been endorsed by Michael Saylor.

Apple should invest a portion of its massive cash reserves in Bitcoin, Toroso Investments' portfolio manager Dan Weiskopf posted earlier today on the ETF Think Tank website.

The site's lead ETF strategist's call follows in the footsteps of MicroStrategy CEO Michael Saylor and former Goldman Sachs hedge fund manager Raoul Pal, who both predicted Apple would make a large scale investment in Bitcoin in the upcoming years.

Saylor retweeted and endorsed Weiskopf's piece with the comment that the tech giant could see a $100 billion gain in market cap by integrating Bitcoin with their products and adding it to their holdings.

Apple could generate $100 billion or more in shareholder value if they integrated #Bitcoin into Apple Pay, built a secure crypto wallet into the iPhone, and began buying #BTC with their Treasury Reserves.

With a market cap north of $2 trillion, Apple is the world's most valuable company and has nearly $192 billion cash on hand, according to an earnings report released on Oct. 29.

Weiskopf laid out the case that an investment in Bitcoin of between $10 billion to $20 billion would be more profitable in the long term than Apple's plan of carrying on with "Risky and expensive" stock buybacks.

"Whether you see Bitcoin as a hedge against inflation, a speculation or an alternative asset class, it is a technological innovation that Apple is in a unique position to access and provide to its shareholders."

Being substantially larger in both reach and market cap than Bitcoin, Weiskopf argues that Apple can help Bitcoin reach true levels of mainstream adoption, to the benefit of both.

As an aside, the price of BTC would need to rise 545% - roughly $100,000 per BTC - in order to approach Apple's current market cap of $2.03 trillion.