Apple CEO Tim Cook Confirms He Holds Cryptocurrencies as Personal Investments
The company is also looking to soon accept Bitcoin as payment.
Apple CEO Tim Cook has now revealed that he personally holds cryptocurrencies as part of an investment.
Speaking to Andrew Sorkin during the DealBook Online Summit, Cook was asked if owned any Bitcoin or Ethereum, to which he replied that he did hold various cryptocurrencies as part of his personal investments. “I think it’s reasonable to own it as part of a diversified portfolio,” he explained. While he didn’t reveal exactly which coins he held, Cook did explain that he’s been researching cryptocurrencies “for a while” and that he thinks they’re “interesting.”
As for his company, the CEO says that Apple has been looking at accepting Bitcoin as a form of payment, although it’s “not something that we have immediate plans to do.” With Cook’s interest in crypto, market participants are also already beginning to speculate whether Apple itself will buy into the cryptocurrency market, much like Elon Musk and Tesla did earlier in the year.
Tim Cook of Apple reveals that he has personally invested in cryptocurrency. “I think it’s reasonable to own it as part of a diversified portfolio,” he said at the #DealBook Online Summit. https://t.co/xpahdlKfOe pic.twitter.com/CQpQgShu0x
— DealBook (@dealbook) November 9, 2021
Elsewhere in the tech world, AMD has managed to create a CPU with 128 cores using its Zen 4 architecture.
