CRYPTO

Apple CEO Tim Cook Confirms Owning Bitcoin or Ethereum

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The CEO of the tech mogul Apple, Tim Cook, revealed that he is personally invested in Bitcoin or Ethereum.

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  • 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:

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.

  • 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 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 AppleInsider

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