Apple CEO Tim Cook Reveals He Owns Bitcoin: DealBook Summit Highlights
In a surprising revelation at the DealBook Online Summit, Apple CEO Tim Cook confirmed he personally owns Bitcoin. The news, which broke on November 9th, sent ripples through the tech and cryptocurrency communities, sparking discussions about Apple\'s potential involvement in the digital asset space.
During the summit, Cook stated, "I do. I think it’s reasonable to own it as part of a diversified portfolio," when directly asked if he owned Bitcoin. While he didn\'t specify exactly when he purchased Bitcoin, sources indicate he\'s held Bitcoin for three years, calling it a reasonable investment within a broader portfolio. While some reports originally speculated that the reveal happened on , the actual date was November 9th.
No Apple Cryptocurrency Investment Planned, Says Cook
Despite Cook\'s personal investment, he clarified that Apple has no immediate plans to invest corporate funds in cryptocurrency or accept it as payment for its products like iPhones and iPads. "Apple CEO Tim Cook shot down rumors that his company is targeting" cryptocurrency investment, emphasizing that the company\'s focus remains on its core businesses.
Cook\'s remarks, "I think it’s reasonable to own it as part of a diversified portfolio," were repeated throughout the day as news outlets dissected the implications of his stance. While Apple CEO Tim Cook just said he owns Bitcoin and Ethereum (though Ethereum wasn\'t explicitly mentioned in all reports), his statement primarily focused on Bitcoin.
The Apple CEO implied in an interview on November 9 that he personally owns bitcoin after he was asked the question at the DealBook conference. Tim Cook, Apple’s chief executive, said at the DealBook Online Summit that he has bought cryptocurrencies. Apple CEO Tim Cook reveals he’s held Bitcoin for three years, calling it reasonable in a portfolio, though he confirms Apple has no plans to invest in cryptocurrency. Tim Cook of Apple reveals that he has personally invested in cryptocurrency. “I think it’s reasonable to own it as part of a diversified portfolio,” he said at the DealBook Online.
Key Takeaways from the Apple CEO\'s Announcement:
- Tim Cook personally owns Bitcoin.
- He views Bitcoin as a reasonable part of a diversified investment portfolio.
- Apple currently has no plans to invest in cryptocurrency or accept it as payment.
The ongoing conversation highlights the increasing mainstream acceptance of cryptocurrency and the growing interest from prominent figures in the technology industry.