Tim Cook owns Crypto, but Apple has no plans for digital currency


Apple (AAPL) – Get the Apple Inc. (AAPL) report CEO Tim Cook personally owns the cryptocurrency, but the executive has no intention of his company accepting the crypto as an offer or buying it with corporate funds.

Cook made his thoughts on digital currencies known at the DealBook conference in an interview.

“I think it’s reasonable to own it as part of a diversified portfolio,” Cook said in an interview, according to CNBC, concluding that “I don’t give anyone any investment advice either.”

As for Apple’s potential with crypto, Cook said it’s “not something we plan to do right now.”

Cook and Apple’s stance on cryptocurrencies contrasts with Tesla (TSLA) – Get the Tesla Inc report and CEO Elon Musk who embraced digital currencies both personally and through his electric vehicle company.

“We believe in the long-term potential of digital assets both as an investment and as a liquid alternative to cash,” Tesla said in an October quarterly filing with the Securities and Exchange Commission.

In the depot, the company said it “may in the future restart the practice of trading in cryptocurrencies.”

From January to March, Tesla allowed customers to pay for their vehicles with Bitcoin and invested $ 1.5 billion in cryptocurrency during the first quarter of the year.

However, environmental concerns prompted the company to stop accepting Bitcoin payments in the second quarter.

Global cryptocurrency capitalization is believed to have exceeded $ 3 trillion on Monday. Bitcoin, the world’s largest cryptocurrency, rose 0.6% on Tuesday to $ 66,665 at the last check.


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