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Apple CEO, Tim Cook Says He Own Crypto To Diversify His Investment Portfolio

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Apple CEO spoke about personal investments in cryptocurrencies.



Apple CEO Tim Cook said he personally owns cryptocurrencies, using digital assets to diversify his investment portfolio. He spoke about his personal investment in crypto at the New York Times Dealbook conference (Video Below).

Cook added that he had been interested in cryptocurrencies for a while and was researching them.

But on the other hand, he said that In the near future, Apple has no plans to launch any services related to digital assets or integrate them as a possible payment option for its goods and services. He also stressed that the corporation is not going to invest in these financial instruments.

He said:

“I would sort of characterize it as there are things I wouldn’t do — like our cash balance. I wouldn’t go invest that in crypto — not because I wouldn’t invest my own money in crypto — but because I don’t think people buy an Apple stock to get exposure to crypto. And so, if they want to do that, they can invest directly in crypto through other means.” 

 

Cook noted that “there are other things that [Apple] is definitely looking at.” What these words may mean is still unknown. However, in May, the corporation opened a vacancy for a business development manager with five years of experience in the cryptocurrency industry, who will lead the affiliate program in the segment of “alternative payments”.

Recall that in February 2021,  investment bank RBC Capital Markets analysts urged Apple to follow Tesla’s lead and capitalize on the growing interest in digital assets.

Watch Video:

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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