In response to the question about Bitcoin and Ether, Apple CEO said that he owns cryptocurrencies. However, according to CEO Tim Cook, Apple has no immediate plans for cryptos. Detail cryptocoin.com‘in.
Good for cryptocurrency diversification
Apple CEO Tim Cook revealed at the DealBook conference earlier today that he owns some crypto when asked if he owns the two biggest cryptocurrencies, Bitcoin and Ether. The head of the world’s second-largest publicly traded company says it’s “reasonable” to hold some crypto for diversification purposes: “I think it’s reasonable to have it as part of a diversified portfolio,” says Cook. The 61-year-old businessman claims to have been a crypto supporter for some time. But the billionaire CEO has rejected the idea of following examples like Tesla and MicroStrategy by investing some of Apple’s cash pile in cryptocurrencies.
Cook’s rationale is that Apple investors are not buying shares of the company for exposure to the nascent asset class: “I wouldn’t invest in crypto not because I wouldn’t invest my own money, but because I didn’t think people were buying Apple stock for exposure to crypto,” he says. The Apple boss says the tech giant doesn’t have any “immediate” plans for crypto. Cook said that Apple has no plans to launch its own cryptocurrency in October 2019. Last month, Apple co-founder Steve Wozniak, who has been an advocate of Bitcoin for a while, stated that cryptocurrencies will be banned if they get too big. The prices of Bitcoin and Ether rose slightly after receiving the much coveted approval from Cook.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.