Tim Cook Holds Crypto Money, Apple Joins Tesla in Buying Bitcoin?

Apple CEO Tim Cook admits that he personally invests in cryptocurrencies. This he conveyed at the New York Times DealBook event when asked if he owns Bitcoin or Ethereum. "I have [crypto money]. I think it makes sense to have [crypto money] as part of diversifying investments," said Tim Cook. "But I don't give investment advice to anyone." Tim Cook admitted that recently he was interested in cryptocurrencies and had conducted research on this notoriously volatile cryptocurrency.

But Tim Cook will not encourage Apple to imitate Tesla's steps to buy Bitcoin crypto as an alternative investment company. He rejected the possibility of Apple buying cryptocurrencies.

"I wouldn't encourage Apple to invest in crypto, not because I wouldn't invest my money there, but because I don't think investors are buying Apple stock to gain exposure to crypto," Tim Cook said. /11/2021). In August, Tim Cook received 5 million shares of Apple stock worth US $ 750 million at the time. He will get an additional grant of Apple shares until 2026, the number of which will depend on the performance of Apple's shares. He plans to donate his entire fortune to charity. On Tuesday (9/11/2021), Bitcoin hit an all-time high of $69,519 per coin, according to CoinDesk. Ethereum also hit a record high of US$4,836 per coin.


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