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

The lead ETF strategist's telephone 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 annotate that the tech giant could run across a $100 billion gain in market place cap by integrating Bitcoin with their products and adding information technology to their holdings.

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

Weiskopf laid out the case that an investment in Bitcoin  between $x billion and $20 billion would exist more profitable in the long term than Apple'due south plan of carrying on with "risky and expensive" stock buybacks. He said it would also be a prudent hedge against inflation.

"I get that certain institutional shareholders might get twisted up by the purchase of Bitcoin, but we need to piece of work through the math and the opportunity versus the stock buyback," he wrote.

"Whether you encounter Bitcoin equally 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 tree tin help Bitcoin reach true levels of mainstream adoption, to the do good of both.

"Apple tree's direction has a unique opportunity to call back exterior the box. The company'south loyal ecosystem, technological expertise and fiscal forcefulness means that a relatively small chance towards digital could marshal it with the well-nigh disruptive technology trend since the internet."

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