The CEO of Apple revealed Tuesday that he owns crypto and has been researching cryptocurrencies “for a while.”
In a response to a question about whether he owns bitcoin and ether, Tim Cook confirmed at the New York Times “DealBook” conference that he personally owns cryptos.
“I think it’s reasonable to own it as part of a diversified portfolio,” he said. “I’m not giving anyone investment advice by the way,” he added.
Interest in crypto was his “personal point of view,” he explained. Cook dismissed the idea of Apple accepting crypto payments. He also said investing in cryptos is not part of Apple’s business model. “I wouldn’t go invest in crypto, not because I wouldn’t invest my own money, but because I don’t think people buy Apple stock to get exposure to crypto,” he said.
That said, Apple is looking into the technology that fuels cryptos.
Cook, meanwhile, is not the only Apple billionaire interested in crypto. Apple co-founder Steve Wozniak has called Bitcoin “mathematical purity.”
“Man makes up currencies, controls them, issues new US dollars every year; Bitcoin is immune to that,” Wozniak said back in 2018.
Apple currently does not own any products or services that are related to crypto. Its App Store allows crypto wallet apps, but not mining apps.