Apple CEO Tim Cook Revealed That He Owns Bitcoin And Is Into Crypto
Tim Cook, the CEO of Apple revealed that he owns cryptocurrency and believes that it’s reasonable to own it as part of a diversified portfolio.
Tim Cook disclosed in an interview with Andrew Ross Sorkin on November 9 that he personally owns bitcoin after he was asked the question at the DealBook conference.
Cook was asked if he owned bitcoin or another cryptocurrency. He replied:
“I do. I think it’s reasonable to own it as part of a diversified portfolio. I’m not giving anyone investment advice by the way.”
To the question if he could be labeled as a Bitcoin bull, Cook said he wouldn’t like to put a label on it, but that Bitcoin is certainly something he is interested in.
Apparently the tech CEO has been into Bitcoin and cryptocurrency “for a while” and that he had been researching them. Cook made clear, however, that his interest is purely from a “personal point of view” and that Apple currently has no plans to jump on the Bitcoin bandwagon.
Regarding whether Apple would consider investing its treasury into crypto, he responded:
“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.”
To the topic of Bitcoin services to Apple products or accepting BTC as payment, Cook also said it’s “not something we have immediate plans to do.”
Microstrategy CEO Michael Saylor responded to Cook’s cash balance statements on Twitter and said:
“If Apple were to add support for Bitcoin to the iPhone and convert their treasury to a Bitcoin Standard, it would be worth at least a trillion dollars to their shareholders.”
Many other digital currency proponents shared the Apple CEO’s statements as they were extremely pleased to hear the technology company’s executive has a hand in the crypto bucket.
If @Apple were to add support for #Bitcoin to the iPhone and convert their treasury to a Bitcoin Standard, it would be worth at least a trillion dollars to their shareholders. $AAPLhttps://t.co/her5b6vhEB
In October, Apple co-founder Steve Wozniak showed to be a more Bitcoin bull than Cook, saying that “Bitcoin is mathematical purity” and “there can never be another Bitcoin created.” Wozniak also drew parallels between the “artificial” U.S. dollar and the “mathematically pure” Bitcoin.
