Apple CEO Tim Cook holds Bitcoin in his personal portfolio, but that doesn’t mean Apple is heavily invested in cryptocurrencies. Tim Cook has stated that he prefers Bitcoin as part of his investment strategy and that this decision is his own. So, Cook’s interest in Bitcoin is not a sign that Apple will make a big move towards Bitcoin in the near future. Instead, the move remains solely a personal preference of the CEO.
Tim Cook has been holding Bitcoin for the last three years and has been outspoken about it. He emphasizes that he believes in Bitcoin but that it is only a personal investment decision. He says that there should be no change in Apple’s adoption of Bitcoin or its use in a major project. Instead of turning to cryptocurrency, Apple continues to focus on its core products such as phones, computers and wearables. The company is generally cautious about embracing new trends, and crypto is among these “trends.” For now, Bitcoin will not be included in Apple’s products or strategies for evaluating its large cash reserves.
So, will Apple change its mind about cryptocurrencies? It’s hard to answer this question. Apple prefers to wait for new technologies to develop before making major changes. While Tim Cook’s interest in Bitcoin is clear, Apple is currently holding back on entering the crypto world. They include crypto wallet apps in the App Store, but no other steps have been taken. While Cook’s Bitcoin investment has caught the attention of some, Apple’s general stance has not changed. The company may consider entering the cryptocurrency sector in the future, but it continues to focus on products it knows and trusts at the moment.
It is not known how much Bitcoin Cook has in his Bitcoin portfolio, but the largest cryptocurrency has gained record after record in the past week. Therefore, it is not difficult to guess that Tim Cook has made a profit with his Bitcoin investment. Bitcoin has experienced a huge rally, especially in the last three weeks, and has risen to $99,800, but has not yet entered the six-figure region.
