Apple CEO Tim Cook claims he owns cryptocurrencies, but his Apple business has no ideas to accept the asset.
Responding to an interview at the DealBook conference on November 9, when asked if he personally owns Bitcoin or Ethereum simply because the two of these coins hit record highs currently, Apple CEO Tim Cook says:
“I have. I think owning it is a way to diversify your portfolio. But I’m not going to give everyone investment advice.”
Apple’s Tim Cook reveals that he personally invested in cryptocurrencies. “I think it makes sense to own it as part of a diversified portfolio,” he advised al #DealBook Summit on line. https://t.co/xpahdlKfOe pic.twitter.com/CQpQgShu0x
– DealBook (@dealbook) November 9, 2021
Mr. Cook also uncovered that he has been interested in cryptocurrencies “for a while” and has invested some time studying the topic.
However, Apple’s CEO explained his view was expressed “from a personal point of view” and denied that Apple intends to accept cryptocurrencies as a usually means of payment.
Tim Cook also dismissed the chance of Apple holding cryptocurrencies as an investment strategy. The head of the world’s main technological innovation business explained:
“I wouldn’t allow my company to invest in cryptocurrencies, not because I don’t want to invest corporate money, but because I don’t think people buy Apple stock to be exposed to cryptocurrencies.”
Furthermore, although Apple is interested in the blockchain technological innovation behind cryptocurrencies, the business “has no plans to develop products based on it in the near future.”
Currently, Apple does not offer any cryptocurrency-relevant providers or merchandise, other than supporting crypto applications on the App Store.
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