Apple CEO owns cryptocurrency-Tim Cook believes it is “reasonable to own as part of a diversified portfolio” – Bitcoin News


Tim Cook, the CEO of the tech giant Apple, revealed that he owns cryptocurrency and said that he thinks it is reasonable to own it as part of a diversified investment portfolio. Cook’s statement originated from an appearance with Andrew Ross Sorkin, the host of the New York Times Dealbook.

Apple CEO Tim Cook told the media that he owns cryptocurrency, which is something Apple is “focusing” on

The cryptocurrency economy has been tearing apart, and this week it recently gained $3 trillion in value in the form of Bitcoin (Bitcoin) And the prices of some other crypto assets hit record highs.The value of the crypto economy now exceeds 500 billion U.S. dollars Exceed the market value of Apple. The value of the crypto economy has also grown significantly faster than that of US multinational technology companies.

At the same time, Apple CEO Disclosure He owns cryptocurrency, and executives believe it is reasonable to add to the portfolio.When asked whether he owns cryptocurrency, Cook replied: “I do. I think it is reasonable to own it as part of a diversified investment portfolio.” In addition, Cook was asked about his “possibly acceptable [cryptocurrency] Via Apple Pay or other methods. “Apple CEO replied:

Well, this is something we are studying. This is not something we plan to do immediately. I will describe it a bit, because there are some things I don’t do like our cash balance. I will not invest in cryptocurrency, not because I will not invest my money in cryptocurrency, but because I don’t think people will buy Apple stock to get access to cryptocurrency.

Cook has been interested in encryption for a while and researched the subject

On Twitter, Microstrategy CEO Michael Saylor responded to Cook’s cash balance statement and Said: “If Apple were to add support for Bitcoin on the iPhone and convert their treasury to the Bitcoin standard, it would be worth at least one trillion U.S. dollars for their shareholders.” Many other digital currency supporters shared A statement from the Apple CEO because they are very happy to hear that the executives of this technology company are involved in the crypto industry.

After Cook stated that he thought it was reasonable to own it as part of a diversified investment portfolio, the Apple CEO further emphasized: “By the way, I will not provide investment advice to anyone.” Cook added, He has been studying encryption for some time, and he thinks it is very interesting. “I have been interested in it for some time, you know, I have been studying it and so on. So I think it’s interesting,” Cook pointed out.

What do you think of Apple CEO Tim Cook saying that he has been researching and owning cryptocurrencies? Please tell us your thoughts on this topic in the comments section below.

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