Apple CEO invests in crypto but company remains wary
Apple CEO Tim Cook revealed he has holdings in cryptocurrencies, but said that his iPhone-making company has no immediate plans to accept crypto payments.
âI wouldnât go invest in crypto [for Apple], not because I wouldnât invest my own money, but because I donât think people buy Apple stock to get exposure to crypto,â Cook said in an interview with CNBCâs Andrew Ross Sorkin.
Also on rt.com Bitcoin price hits all-time high, while major card issuer embraces cryptoCook stressed that his investment in crypto comes from a âpersonal point of viewâ and does not point to Apple embracing digital tokens any time soon.
He noted, however, that he finds cryptocurrencies âreasonable to own as part of a diversified portfolio.â
Cookâs words sparked a flood of Twitter comments, with crypto-enthusiasts saying that Apple should, in fact, start dealing in bitcoin and other tokens. MicroStrategy CEO Michael Saylor suggested that âif 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.â
Also on rt.com Apple gets hit with chip shortage, starts cannibalizing iPads â" reportsSo far, Apple couldnât boast any crypto products or services. Earlier this year, however, the company posted a job offer for a crypto-expert for its payments department.
Cryptocurrencies rallied this week, with bitcoin smashing $68,000 a coin in an all-time high and ether also posting record gains on Monday. Bitcoinâs rally faded on Tuesday, but analysts suggest that buyers simply took some profits at Mondayâs prices and expect a new rally by monthâs end.
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