Tim Cook Owns Cryptocurrency, And It Has Nothing To Do With Apple

Apple CEO Tim Cook owns cryptocurrency personally, the billionaire boss has revealed in a recent interview.

Written By : ABP News Bureau | Updated at : 12 Nov 2021 10:23 AM (IST)

New Delhi: Apple CEO Tim Cook owns cryptocurrency personally, the billionaire boss has revealed. This is a bit rare as Cook hasn't spoken publicly about cryptocurrencies in the past.

The Apple CEO, in an interview with The New York Times, revealed he was a crypto investor and that the iPhone maker has no connection with his personal outlook. He also maintained that while Apple had been looking at crypto, but it might not allow users a way to pay with it in the near future. However, Cook didn’t tell which cryptocurrency he has invested in.

“I do. I think it is reasonable to own it as part of a diversified portfolio and I’ m not giving anybody investment advice, by the way,” Cook was quoted as saying by New York Times' Andrew Ross Sorkin at the publication's Dealbook Conference. Cook also mentioned that he was researching about cryptocurrencies for a while.

“I don't think people buy Apple stock to get exposure to crypto. So if they want to do that, they can you know, invest directly in crypto through other means,” Cook added.

The Apple CEO's real-time net worth is about $1.4 billion, also spoke about his views on non-fungible tokens (NFTs) - he said they have become quite a rage. Cook mentioned that he finds them interesting while highlighting that 'it will take a while to play out in a way that is for the mainstream person'.

Cook is not the first big business CEO to invest in crypto. A number of them have already been incorporating crypto in their operations. SpaceX and Tesla owner Elon Musk, for instance, began accepting payments for its electric vehicles in crypto earlier. However, Tesla abruptly stopped accepting them in May citing ecological concerns. Tesla has also purchased bitcoins worth $1.5 billion in its corporate treasury.