In Brief:
- Apple CEO Tim Cook disclosed that he owns cryptocurrency.
- Cook revealed he has been interested in cryptocurrency “for a while.”
- Apple has no plans to launch any crypto-related products soon.
During a discussion today at the New York Times Dealbook conference, Apple CEO Tim Cook confirmed that he has invested his personal funds in cryptocurrency.
Cook noted that he has been interested in cryptocurrency “for a while” and has been researching the subject.
“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 stated during the interview.
He also described non-fungible tokens (NFTs) as an interesting aspect of the crypto industry.
Cook also clarified that Apple has no plans to accept cryptocurrency for its products that soon. He explained that while Apple is “looking into” cryptocurrency, there are no immediate plans to include such functionality in Apple Pay.
The CEO went on to say that Apple does not intend to invest in cryptocurrency as a company because AAPL shareholders do not buy AAPL stock to gain exposure to cryptocurrency.
Even though Apple is not planning to offer any crypto products and services soon, we know for a fact that it’s warming up to the idea. As we saw earlier in May, an Apple job posting showed that the payments unit was looking for a candidate with experience in the cryptocurrency industry to lead partnership efforts.
