Apple CEO Tim Cook says that he invested in cryptocurrencies and has a long-standing interest in them. But the company has no plans to implement support for crypto payments yet.
When asked at DealBook conference in New York if he owns bitcoins or ethers, Apple CEO Tim Cook said he had bought some cryptocurrencies.
“I do. I think it’s reasonable to own it as part of a diversified portfolio. I’m not giving anyone investment advice by the way.”
In an interview with Ross Sorkin of The New York Times Cook said that he has been researching cryptocurrencies "for a while" but he is interested in them from a “personal point of view.” He dismissed suggestions that Apple would soon begin accepting cryptocurrency as a payment instrument or investing corporate funds in these assets, similar to what Tesla did.
“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.”
Cook added that while Apple is looking into cryptocurrencies, it is “not something we have immediate plans to do.”
Apple currently does not have cryptocurrency-related products or services. However, the iPhone app store allows crypto wallet apps, but also prohibits mining apps.
In 2019, the Apple Pay executive said the company saw “long-term potential” in cryptocurrency.