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Famous finance show host Jim Cramer criticized Apple’s current share buyback program, saying that the company’s strategy did not produce the expected effect. While evaluating the performance of Apple shares, Cramer said, “these buybacks do not work.”
Bitcoin Advice from Michael Saylor
Michael Saylor, a prominent cryptocurrency advocate and founder of MicroStrategy, responded to this comment on social media. Saylor addressed Apple directly:
“Apple should buy Bitcoin,” he said.
Saylor's proposal echoes his long-held view that tech giants with large cash reserves, such as Apple, should pivot their capital management strategies toward digital assets such as Bitcoin.
By adopting this approach, MicroStrategy became the first major public company to hold billions of dollars worth of Bitcoin on its balance sheet.
Jim Cramer’s criticism and Saylor’s call for Bitcoin have reignited ongoing debates about tech giants’ growth strategies and ways to create value.
*This is not investment advice.