In a strategic move signaling Apple’s foray into the cryptocurrency space, industry insiders anticipate the tech giant’s preference for Ethereum over other contenders. Sources suggest a strong inclination toward leveraging Ethereum’s established Layer 2 solutions, with Polygon emerging as a front-runner.
Considering Apple’s track record, a proprietary Layer 2 solution akin to $COIN‘s Base is also under speculation, aligning with CEO Tim Cook’s notable investments in both Bitcoin (BTC) and Ethereum (ETH). The Cupertino-based company has been actively exploring and experimenting with blockchain technology, hinting at a substantial commitment to the crypto landscape.
Apple will choose Ethereum when they enter crypto.
❤️&RT (if you agree)
They'll probably go w Polygon (established L2)
Most likely they'll build their own L2 like $COIN's Base
We know CEO Tim Cook invests in $BTC & $ETH.
We know Tim & Apple experiment with it.
People say… pic.twitter.com/3FE9gZ5jBk
— Altcoin Daily (@AltcoinDailyio) December 21, 2023
While speculations abound regarding potential alternatives like Solana or Avalanche, experts dismiss these as mere fantasies. Ethereum’s dominance and the scalability of its Layer 2 solutions position it as the logical choice for a tech giant of Apple’s stature.
The looming question on industry observers’ minds is whether Apple will make its cryptocurrency announcement in Q1 or defer it to Q2, adding an air of anticipation to the tech community eagerly awaiting the tech giant’s strategic move into the crypto space
