Tim Cook noted that it is prudent to own Bitcoin and Ethereum to diversify investments
Apple CEO Tim Cook said at the DealBook conference that he owns the cryptocurrency, CNBC reported. It makes sense to have investments in Bitcoin and Ethereum to diversify your investment portfolio, Cook said. The volume of investments and in what specific assets the money was invested, Cook did not specify.
Also, the head of Apple said that for some time he was interested in the topic of cryptocurrencies and studied the digital assets industry. Cook noted that this is his personal position and that Apple has no plans to use cryptocurrencies.
“I don’t think people buy Apple stock to gain access to cryptocurrency,” Cook said.
Earlier, the head of Apple has already spoken out about cryptocurrencies. In 2019, Cook argued that the company does not plan to release its own cryptocurrency, since this is the prerogative of the state. According to Cook, there are responsibilities that should be fulfilled by elected representatives, not private companies.