Apple’s CEO says he owns Bitcoin and hints at future crypto plans
How big is Bitcoin? Leaders of some of the world’s biggest tech companies are officially getting on board. Apple CEO, Tim Cook, confirmed he has been interested in cryptocurrency “for a while” and owns some Bitcoin.
When asked if Apple would be investing any of its roughly $200 billion in cash in crypto, Cook said it’s “something we’re looking at” but there are no immediate plans for them to invest in or accept cryptocurrency — he’s mostly just interested on a personal level.
“I think it’s reasonable to own it as part of a diversified portfolio,” Cook said in an interview with Dealbook.
He did firmly state that “there are other things that we’re definitely looking at,” with regard to crypto, but there was nothing to announce at this time.
Competitors of ApplePay like PayPal, Venmo and Square Inc.’s Cash app have already moved into the world of cryptocurrency. They’ve all added cryptocurrency purchasing options to their payment services, expanding the reach of Bitcoin and other digital money to investors.
Interest in cryptocurrency has been powered in part by tech leaders like Tesla CEO Elon Musk and Twitter founder Jack Dorsey. Musk called Bitcoin’s design “brilliant” in 2019 and in early 2021 Tesla announced the purchase of $1.5 billion in BTC for “more flexibility to further diversify and maximize returns on our cash.”
Dorsey has been a Bitcoin investor since 2017 and has stated that the world will ultimately have a “single currency,” and he believed that it would be Bitcoin.
Cook, Musk and Dorsey are only a few of the growing list of famous personalities, and major companies investing in Bitcoin and other types of cryptocurrency. It appears cryptocurrency is here to stay and has value in the eyes of some of the most influential people on the planet.
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