Tim Cook Revealed Owning Cryptocurrency

The Apple CEO said cryptocurrencies are part of his personal investments, but did not mention which ones he owns.

At DealBook’s online conference New York Times On 9/11, Tim Cook said he’s been interested in digital currencies “for a while” and is working on them. However, when asked if he would invest in Bitcoin or Ethereum, he refused to answer.

“I think it makes sense to own crypto as part of a portfolio diversification, but I wouldn’t give anyone investment advice,” the Apple CEO said.

Tim Cook admits to being interested in cryptocurrencies.  Photo: Fox Business

Tim Cook admits to being interested in cryptocurrencies. Photo: Fox Business

He also confirmed that Apple has no plans to create cryptocurrency or enter the field. “I don’t think people buy Apple stock for exposure to crypto,” Cook explained. “We have no plans to accept cryptocurrencies on Apple Pay as a means of bidding for our products. We’re looking into other things.”

The head of Apple also called NFT “interesting”, but said that it takes more time for this type to spread.

Recently, NFT is considered the new “craze” after Bitcoin. It is essentially a non-replicable digital certificate of authenticity, stored in a blockchain and used to represent ownership of electronic goods. NFT items become unique, cannot be copied, copied, thereby creating their own value in the market.

Over the years, many big tech companies have started to invest in cryptocurrencies. Elon Musk’s Tesla disclosed a $1.5 billion purchase of Bitcoin in February and had intended to accept the currency as a payment method, but later withdrew the statement due to mining concerns. pollute the environment. Square, the company behind Twitter founder Jack Dorsey, also purchased $50 million worth of Bitcoin since October 2020.

The US is now increasing its supervision in the field of cryptocurrencies. US Securities and Exchange Commission Chairman Gary Gensler this month said the regulator would be “very active” in putting the digital currency market in place to protect investors from risks. such as fraud and manipulation.

Bao Lam (follow WSJ)

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