Apple CEO Tim Cook stated that he owns cryptocurrency but denied the notion that the second most valuable company in the world would permit its products to have digital currency.
I do. Cook stated that he believes it is reasonable to have it in a portfolio.
I’m not offering investment advice.
Cook did not specify which particular cryptocurrency he owns, however.
Cook, 61 years old, said that cryptocurrency was something he’d been looking into ‘for some time’. However, he stated his interest in crypto was from a personal point of view and was not speaking on behalf of the company.
Tim Cook, Apple’s CEO, said that he owned cryptocurrency personally but didn’t give any details.
Apple CEO Tim Cook recently stated that he has Bitcoin and Ethereum.
This shouldn¿t surprise anyone that a technologist is interested in new technologies. pic.twitter.com/8vyxjPQST5
— Pomp ¿¿ (@APompliano) November 9, 2021
He added that Apple would not take cryptocurrency in exchange for its products, such as iPhones, iPads or Macs.
Forbes estimates Cook’s net worth at over $1.4 billion. He also stated that Apple will not purchase cryptocurrency using its corporate cash hoard of approximately $190 trillion as per its latest quarterly results.
Cook explained that she would not go to invest in crypto. Cook also stated, “I wouldn’t invest in crypto. Not because I wouldn’t invest my money but because I don’t think people buy Apple stock because they want exposure to crypto.”
Cook’s remarks prompted Bitcoin, Ethereum, and other cryptocurrency to reach all-time highs. They traded at $66,805.94, $4,781.94, and respectively.
Cook’s comment prompted Bitcoin to reach all-time highs trading at $66,805.94
Cook’s remarks prompted Ethereum to trade at $4,781.94 – an all-time high.
Cook stated that Apple wouldn’t buy cryptocurrency out of its own funds, but he acknowledged the company was looking into using it in some way.
He said that it was not something they have any immediate plans to do. According to The Times
“There are many other areas that we are looking into.”
Cook, who is 61, said that Apple will not accept cryptocurrency to exchange for iPhones.
Apple’s App store offers apps that let users buy, sell, and pay in cryptocurrencies.
You can also use it to store your coins, like Coinbase. However, you cannot mine apps.
Apple has updated its policy to let developers use virtual currency or cryptocurrency in 2014. This is subject to state and federal laws.
Apple reached out to DailyMail.com for comments on this story.