Categories: Market

Apple CEO Tim Cook owns Bitcoin and Ethereum – Bitcoin Magazine

Apple CEO Tim Cook said he owns the cryptocurrency personally, but Apple has no plans to accept the asset.

Interviewed at the DealBook conference on Nov. 9, when asked if he personally owns Bitcoin or Ethereum, both of which hit record highs yesterday, Cook said:

“I have. I think it makes sense to own it as part of a diversified portfolio. I don’t give anyone investment advice, by the way.”

Cook also announced that he has been interested in and researched cryptocurrencies for some time. However, Apple’s CEO said his comments were made from a personal perspective and rejected suggestions that Apple could accept cryptocurrencies.

The CEO also stated that Apple was unable to buy crypto with corporate funds as an investment.

While Apple is interested in the blockchain technology behind cryptocurrencies, we have no immediate plans to do so. Currently, Apple does not offer any crypto-related products or services other than supporting crypto apps.

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Annie

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.