Apple CEO Tim Cook revealed that he owns cryptocurrency but said his ownership does not translate to a company interest in digital assets.
Speaking on Tuesday during the New York Times’s DealBook Online Summit, Cook was asked whether he holds any Bitcoin or Ethereum in his investment portfolio.
“I do. I think it’s reasonable to own it as part of a diversified portfolio,” Cook said. “I’m not giving anyone investment advice, by the way.”
ERIC ADAMS WANTS CRYPTOCURRENCY TAUGHT IN NYC SCHOOLS
While Cook said that he has been interested in the cryptocurrency space for a while, he pushed back on the notion of Apple accepting cryptocurrencies as a form of payment or using corporate funds to invest in any of the digital coins.
“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.
His remarks come as Bitcoin, the flagship cryptocurrency, and Ethereum, the second-largest cryptocurrency by market cap, hit all-time highs. Bitcoin reached above $68,000 on Monday, breaking its record set last month, and Ethereum rose beyond the $4,800 level for the first time.
Bitcoin and other cryptocurrencies have been getting more attention from serious investors and well-known financial firms.
CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER
New York City Mayor-elect Eric Adams said he will receive his first three paychecks as mayor in Bitcoin. His missive came after Miami Mayor Francis Suarez said he would also take his next paycheck in Bitcoin.
El Salvador also recently became the first country in the world to declare Bitcoin legal tender. The Salvadoran government has invested more than $225 million in dozens of Bitcoin ATMs across the country and has offered early adopters of the national wallet system $30 worth of free cryptocurrency.
