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Tim Cook, Apple CEO Says He Owns Crypto, Notes It’s ‘Reasonable’ To Have Investment Portfolio

Tim Cook, The chief executive of one of the world’s largest tech companies makes revelations do owning crypto assets.

Furthermore, this is during an interview with Andrew Ross Sorkin at the New York Times DealBook Online Summit.
So, the Apple CEO, Tim states he owns some crypto as part of his investment portfolio.

More so, Sorkin enquires from Cook if he owns any Bitcoin (BTC) or Ethereum (ETH), or just “play around” in the crypto space.

Then, Tim Cook responds.

“I do. Yeah, I think it’s reasonable to own it as a part of a diversified portfolio.”
“And I’m not giving anybody any investment advice, by the way.”

Additionally, Tim goes on to note on his personal interest in crypto technology for some time now.
Also, how he “thinks it’s interesting.”
More so, Tim Cook confirms that he is talking about his own personal investments, not Apple’s.

Furthermore, enquiries around if the tech giant will also allocate corporate funds into crypto investments comes.

Then, Tim says this,

“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.”

So, Tim Cook concludes.

Currently, Apple’s popular Wallet app supports a variety of traditional payment methods even peer-to-peer payments, but not crypto.

Recall, In May 2021, Apple lists a job opening “Business Development Manager – Alternative Payments”
Of course, this is to work closely with the Apple Wallet team.

Lastly, Tim Cook says that Apple has no “immediate plans” to look at cryptocurrency technology.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.