In this post. Apple CEO Tim Cook revealed that he has been holding bitcoin for the past three years.
In an interview with Andrew Sorkin, Tim Cook talked about his longtime personal interest and research into #cryptocurrencies .
Tim Cook did not plan for Apple to be actively involved in the #cryptocurrency sphere.
Apple CEO Tim Cook told DealBook's Sorkin that he has been holding #bitcoin for about three years. However, the CEO explained that his interest and research into bitcoin is personal and that Apple has no immediate plans to join the cryptocurrency community.
The Apple executive said that holding bitcoin as part of a diversified portfolio is prudent.
However, he clarified that he was not giving investment advice, but simply sharing his personal feelings. According to Binance, bitcoin hit a high of $81,846.71, almost reaching the $82,000 mark.
Apple CEO The CEO of Apple Inc. said he has a personal involvement and investment in bitcoin, but did not disclose the size of his stake. He emphasized that cryptocurrencies are something Apple is considering but is in no rush to enter the market as part of its core business. According to the New York Times, other companies such as Tesla are already accepting bitcoin payments for electric cars and have purchased $1.5 billion worth of bitcoins that are stored in the company's vaults.
CEO Tim Cook added that the giant has no immediate plans to introduce cryptocurrencies into its payment system. The CEO noted that Apple is already considering other options, but declined to give details about cryptocurrencies.
Apple CEO said that he will not invest the company's money (~$200 billion in cash) in bitcoin not because he will not invest his own money in it, but because investors do not buy Apple stock to profit from cryptocurrency. However, he noted that shareholders can invest in cryptocurrencies directly using their own money.
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