Tim Cook, CEO of Apple, Confirms Owning Bitcoin

During an interview at the DealBook conference on 9th November, Tim Cook, CEO of tech giant Apple, in response to a question on the matter insinuated that he himself has invested in Bitcoin.

Cook, when questioned whether he owned any cryptocurrency, replied with, “I do. I think it’s reasonable to own it as part of a diversified portfolio”. He further added, “I’m not giving anyone investment advice by the way.”

The Apple CEO was further asked if he would call himself a Bitcoin bull. While Cook kept his answer vague, not wanting to label himself as one, he did say that he was interested in Bitcoin.

He further said that he had been looking into cryptocurrency and Bitcoin, and that they had drawn his interest “for a while”. Cook again iterated, though, that his enthusiasm regarding cryptocurrency was an entirely “personal point of view” and was not a reflection of Apple Inc.’s stance on the subject, nor was it an indication of Apple’s intent to endorse the crypto coin anytime soon.

Speaking about not wanting to be influence to invest Apple funds in the crypto coin due to his own interest in it, Cook said, “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”.

Speaking about including BTC as a means of payment, or offering Bitcoin facilities to Apple’s products, Cook said that its “not something we have immediate plans to do.”

Steve Wozniak, Apple’s co-founder, proved to be more of a Bitcoin bull in comparison to Cook when he said, in October, that “Bitcoin is mathematical purity”, and that “there can never be another Bitcoin created.” He also compared Bitcoin, which he perceived as “mathematically pure”, with the “artificial” U.S. dollar.