Andrew Ross Sorkin took a few minutes from prodding Tim Cook about social issues at his New York Times Dealbook conference today to ask the Apple CEO about crypto.
Indeed Tim Cook owns some.
Apple CEO Tim Cook said he personally owns cryptocurrency on Tuesday after he was asked at the DealBook conference if he owns bitcoin or ethereum.
“I do. I think it’s reasonable to own it as part of a diversified portfolio,” Cook told Andrew Ross Sorkin in a recorded interview. “I’m not giving anyone investment advice by the way.”
Cook said that he had been interested in cryptocurrency “for a while” and that he had been researching the topic.
To the video please!
Tim Cook is… bankless? pic.twitter.com/OKg27Mj3AX
— Bankless 🏴 (@BanklessHQ) November 9, 2021
OH WOW THE APPLE CEO OWNS CRYPTO, SURELY THE COMPANY WILL FOLLOW AND MOVE MARKETS IN A WAY THAT ONLY MUSK CAN.
However, Cook said that his interest was from a “personal point of view” and dismissed suggestions that that Apple might take cryptocurrency in exchange for products as tender.
Cook also rejected the possibility of Apple buying cryptocurrency with corporate funds as an investment.
“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,” Cook said.
Gaw.
The global crypto market appeared to be down slightly on the news.
Markets were already highly volatile during the interview and appeared to potentially jump up a bit on Cook's admission and then drop again after he said Apple had no plans to buy crypto with its MASSIVE STACK of corporate treasuries.
If correleated, a pointless (albeit minor) dip given that Apple buying crypto seemed like a long shot anyway.
But, still generally positive comments from the CEO of the second biggest company on planet Earth about crypto.