{"id":14124,"date":"2021-11-09T21:54:03","date_gmt":"2021-11-09T21:54:03","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/apples-ceo-owns-crypto-tim-cook-thinks-its-reasonable-to-own-as-part-of-a-diversified-portfolio\/"},"modified":"2021-11-09T21:54:03","modified_gmt":"2021-11-09T21:54:03","slug":"apples-ceo-owns-crypto-tim-cook-thinks-its-reasonable-to-own-as-part-of-a-diversified-portfolio","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/apples-ceo-owns-crypto-tim-cook-thinks-its-reasonable-to-own-as-part-of-a-diversified-portfolio\/","title":{"rendered":"Apple\u2019s CEO Owns Crypto \u2013 Tim Cook Thinks \u2018It\u2019s Reasonable to Own as Part of a Diversified Portfolio\u2019"},"content":{"rendered":"

The CEO of the tech giant Apple, Tim Cook disclosed that he owns cryptocurrency and said that he thinks it\u2019s reasonable to own it as part of a diversified portfolio.\u201d Cook\u2019s statements stemmed from an appearance with the New York Times Dealbook\u2019s host Andrew Ross Sorkin.<\/strong><\/p>\n

Apple CEO Tim Cook Tells the Press He Owns Crypto and It\u2019s Something Apple Is \u2018Looking At\u2019<\/h2>\n

The cryptocurrency economy has been on a tear and recently captured $3 trillion in value this week as bitcoin (BTC<\/a>) and a number of other crypto assets reached all-time price highs. The value of the crypto economy is now more than <\/span>$500 billion larger<\/span><\/a> than the market capitalization of Apple. The crypto economy also grew significantly faster in value than the American multinational technology company.<\/span><\/p>\n

Meanwhile, Apple\u2019s CEO <\/span>disclosed<\/span><\/a> that he owns crypto and the executive thinks that its reasonable to add to a portfolio. When asked if he owns crypto, Cook responded: \u201cI do. I think it\u2019s reasonable to own it as part of a diversified portfolio.\u201d Furthermore, Cook was asked what he thought about \u201cpotentially accepting [cryptocurrency] through Apple Pay or otherwise.\u201d The Apple CEO replied: <\/span><\/p>\n

Um, it\u2019s something that we\u2019re looking at. It\u2019s not something we have immediate plans to do. I would sort of characterize it as there are things that I wouldn\u2019t do like our cash balance. I wouldn\u2019t go invest that in crypto, not because I wouldn\u2019t invest my own money in crypto, but because I don\u2019t think people buy Apple stock to get exposure to crypto.<\/p>\n

Cook Has Been Interested in Crypto for a While and Researches the Subject<\/h2>\n

On Twitter, Microstrategy CEO Michael Saylor responded to Cook\u2019s cash balance statements and <\/span>said<\/span><\/a>: \u201cIf Apple were to add support for Bitcoin to the iPhone and convert their treasury to a Bitcoin Standard, it would be worth at least a trillion dollars to their shareholders.\u201d Many other digital currency proponents <\/span>shared<\/span><\/a> the Apple CEO\u2019s statements as they were extremely pleased to hear the technology company\u2019s executive has a hand in the crypto bucket.<\/span><\/p>\n

After Cook said that he thinks it\u2019s reasonable to own it as a part of a diversified portfolio, the Apple CEO further stressed: \u201cI\u2019m not giving anybody investment advice, by the way.\u201d Cook added that he\u2019s been researching crypto for some time now and he believes it is fascinating.\u201dI\u2019ve been interested in it for a while and I\u2019ve, you know, been researching it and so forth. And so I think it\u2019s interesting,\u201d Cook noted. <\/span><\/p>\n

What do you think about Apple\u2019s CEO Tim Cook saying that he has been researching crypto for a while now and owns cryptocurrencies as well? Let us know what you think about this subject in the comments section below. <\/strong><\/em><\/p>\n

Bitcoin News
\nNews, Alternative Crypto Assets, Andrew Ross Sorkin, Apple CEO, apple crypto, Apple’s Tim Cook, Bitcoin, BTC, Crypto, crypto assets, Cryptocurrency, ETH, Ethereum, michael saylor, NYT Dealbook, Tim Cook, Tim Cook Bitcoin, Tim Cook Crypto, Tim Cook Ethereum<\/p>\n","protected":false},"excerpt":{"rendered":"

The CEO of the tech giant Apple, Tim Cook disclosed that he owns cryptocurrency and said that he thinks it\u2019s reasonable to own it as part of a diversified portfolio.\u201d Cook\u2019s statements stemmed from an appearance with the New York Times Dealbook\u2019s host Andrew Ross Sorkin. Apple CEO Tim Cook Tells the Press He Owns…<\/p>\n","protected":false},"author":0,"featured_media":14125,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14124"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14124"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14125"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}