Earlier today, Tesla Motors (NASDAQ:TSLA) announced it had made a major Bitcoin purchase and planned to introduce crypto payments in the future. Some in the industry are now speculating that Apple (NASDAQ:AAPL) will be the next institutional player to adopt the crypto asset.
In a market report from Royal Bank of Canada Dominion Securities analyst Paul Steves, the introduction of the tech company into crypto could create more than $40 billion in annual revenue and make waves across the industry.