Apple CEO Tim Cook Confirms Owning Bitcoin or Ethereum
9 Nov, 2021•1 min read•Bitcoin
The CEO of the tech mogul Apple, Tim Cook, revealed that he is personally invested in Bitcoin or Ethereum.With a current market cap of around $2.476 trillion, Apple is ranked the second-largest company in the world.Its CEO, Tim Cook, speaking at the DealBook conference Tuesday, revealed that he is personally invested in Bitcoin or Ethereum.When asked if he owns one of both, he reportedly said:
The top-level executive said that he’s been interested in crypto for some time and that he’s also been doing research on the topic.There’s been plenty of speculation on whether or not Apple will get involved in the industry in one way or another.Cook cast all this aside, though, rejecting the possibility of Apple buying it with corporate funds as an investment. He also dismissed suggestions that the company might accept crypto as a tender.
I do. I think it’s reasonable to own it as part of a diversified portfolio. […] I’m ot giving anyone investment advice, by the way.
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.
Featured image courtesy of AppleInsiderSource