THELOGICALINDIAN - The Apple CEO said hes been researching cryptocurrencies for a while
Apple CEO Tim Cook has appear that he owns cryptocurrencies while discussing the asset chic at the Deal Book Online Summit.
Tim Cook Reveals Crypto Investments
While Apple is yet to accomplish a move into the crypto space, its CEO has.
Speaking at the Deal Book Online Summit Tuesday, Apple CEO Tim Cook revealed that he uses and holds cryptocurrencies.
“Do you own crypto—any Bitcoin or Ethereum—do you comedy about with it?” Asked host Andrew Sorkin. “I do,” responded Cook, activity on to accompaniment that he thinks it’s reasonable to authority crypto assets as allotment of a adapted portfolio. While Sorkin mentioned Bitcoin and Ethereum in his question, it is not bright whether Cook owns there specific assets.
The Apple CEO added bidding his absorption in cryptocurrencies absolute that he’s been researching them “for a while.”
For Apple, Cook additionally appear that the aggregation ability alpha acceptance Bitcoin payments through Apple Pay. “It’s article that we’re attractive at but not article that we accept actual affairs to do,” he said.
Cook is the latest in a continued account of tech personalities to acknowledge their cryptocurrency investments publicly. Virgin Group architect Richard Branson, Microstrategy CEO Michael Saylor, and PayPal co-founder Peter Thiel accept all ahead declared that they own Bitcoin.
With Cook acceptance to owning crypto assets, abounding are now apperception whether Apple will additionally advance in cryptocurrencies in the future. In October 2020, banking casework aggregation Square bought $50 actor account of Bitcoin, acceptable afflicted by Jack Dorsey, the company’s CEO. Dorsey, who additionally runs Twitter, is a adept Bitcoin apostle and is rapidly amalgam cryptocurrencies into Square’s offerings.
Outside of finance, added companies accept additionally put Bitcoin on their books. In February, Tesla fabricated account back it revealed that it had bought $1.5 billion account of Bitcoin. The Company’s CEO, Elon Musk, is additionally a common backer of cryptocurrencies absolute his own backing to accommodate Bitcoin, Ethereum, and Dogecoin.
Despite added and added companies advance in Bitcoin, it charcoal to be apparent whether Apple will be the abutting aggregation to abide this trend.
Disclosure: At the time of autograph this feature, the columnist endemic BTC, ETH, and several added cryptocurrencies.
