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Apple CEO, Tim Cook, Admits Owning Cryptocurrency



Apple CEO, Tim Cook

Apple CEO, Tim Cook admitted to owning cryptocurrency today after he was asked at the New York Times” Deal-Book conference if he owns bitcoin or ethereum.

Cook told Andrew Ross Sorkin in the interview that he believes that owning cryptocurrencies is needed to have a more diversified portfolio.

Cook also said that he finds them NFTs interesting, but that it will take a while to play out in a way that is for the mainstream person.

Cook explained that he had been interested in cryptocurrency “for a while” and that he had been researching the topic. However, he confirmed that his interest in cryptocurrencies was from a “personal point of view” and dismissed suggestions that Apple might take cryptocurrency in exchange for products as tender.

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He stated, “I do. I think it’s reasonable to own it as part of a diversified portfolio. I’m not giving anyone investment advice by the way.”

Cook also rejected the possibility of Apple buying cryptocurrency with corporate funds as an investment. He stated, “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.”

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Hammed Tajudeen is the editor in-chief of Blaze News, holds Higher National Diploma(HND) in Mass Communication, graduated from Osun State Polytechnic, Iree.

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