Yes, Tim Cook owns cryptocurrency, but Apple won’t be investing in it

Apple CEO Tim Cook on Tuesday revealed that he is a crypto investor and holds digital coins. Cook was answering Andrew Ross Sorkin, who was hosting the New York Times’ two-day online summit. The Apple CEO shared his thoughts on the hot topic of cryptocurrencies such as Bitcoin.

However, Cook dismissed the idea of accepting cryptocurrency via Apple Pay anytime soon. He explained that Apple is “looking at” crypto, but has no plans to launch such functionality in Apple Pay.

Speaking about Apple stocks and cryptocurrency, Cook noted that Apple does not have any plan to invest in cryptocurrency as a company because he believes Apple Inc shareholders do not buy its stock to get exposure to crypto.