BREAKING: Apple CEO Says He Owns Bitcoin and Ether
Apple CEO Tim Cook has revealed that he holds some crypto the DealBook conference, CNBC reports. The head of the second-biggest company in the world says that it's "reasonable" to hold some crypto for diversification purposes:
I think it’s reasonable to own it as part of a diversified portfolio.
The 61-year-old businessman claims that he has been a crypto supporter for quite a while.The billionaire CEO, however, rejected the idea of following the example of the likes of Tesla and MicroStrategy by investing part of Apple's cash pile into cryptocurrency assets.
Cook's reasoning is that Apple investors do not buy the company's stock for the sake of gaining exposure to the nascent asset class:
I wouldn’t go invest in crypto, not because I wouldn’t invest my own money, but because I don’t think people buy Apple stock to get exposure to crypto
The Apple boss says that the tech giant has no "immediate" plans for crypto.Source