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Apple CEO Tim Cook reveals ownership of cryptocurrency: part of diversified investment, researching crypto payments but not necessary

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Apple CEO Tim Cook reveals ownership of cryptocurrency: part of diversified investment, researching crypto payments but not necessary

Apple CEO Tim Cook stated in an interview with Andrew Ross Sorkin, the host of New York Times Dealbook, on the 9th that he personally holds some cryptocurrency and has been interested in cryptocurrency for some time. He believes that owning cryptocurrency as part of a diversified investment portfolio is "reasonable."

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Since hitting historic highs last week with Bitcoin and Ethereum, the morale in the cryptocurrency market has soared, with the total market value of cryptocurrencies surpassing 3 trillion US dollars, exceeding Apple's market value of 2.47 trillion US dollars.

However, when Cook was asked whether Apple Pay might accept cryptocurrency payments, he said: "It's something we're looking at, but it's not something that's immediately on the horizon."

Cook also denied that Apple would invest company funds in cryptocurrency like Tesla, as he believes investors do not buy Apple stock for cryptocurrency.

Cook emphasized that his interest in cryptocurrency is "personal" and not a recommendation to invest in cryptocurrency.

Executives in Apple's payment department have previously stated that while they see the "long-term potential" of cryptocurrency, if Apple were to introduce cryptocurrency products or services, it would be many years down the line. Apple currently does not have any cryptocurrency products or services, although it allows the use of cryptocurrency wallet apps, it still prohibits mining-related apps.

Apple is currently the second largest company in terms of market value, second only to Microsoft, with Cook's personal net worth exceeding 1 billion US dollars.

This article is authorized to be reproduced from Horizon News Network