Apple CEO Tim Cook was interviewed this morning by Andrew Ross Sorkin from DealBook.
Cook revealed for the first time that he personally owns some crypto. In the interview he says that he has been “interested in it for a while” and that he thinks “it’s reasonable to own it as part of a diversified portfolio.”
He emphasized that his interest in cryptocurrencies was from a “personal point of view” and he strongly dismissed suggestions that that Apple might accept cryptocurrencies as a payment method in the company.
Furthermore, the tech-giant’s CEO also rejected the possibility of Apple buying cryptocurrency with corporate funds as an investment.
“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.”Tim Cook, CEO of Apple
To make things even clearer, Cook also noted that while Apple was looking at cryptocurrency as a technology, it’s “not something we have immediate plans to do.”
Still, this didn’t stop cryptocurrencies to increase in price. After being hammered as Tesla stock price tumbled, crypto enthusiasts took this interview as a bullish sign for the asset class.