Apple chief govt officer Tim Cook dinner stated he owns some crypto as “a part of a diversified portfolio,” however shouldn’t be planning for the tech firm to observe Tesla’s instance by investing in Bitcoin or different tokens.

Talking on the New York Instances’ DealBook On-line Summit on Nov. 9, Cook dinner said he wouldn’t use the corporate’s roughly $200 billion in money available to put money into cryptocurrencies. He additionally didn’t intend to just accept crypto as a method of a fee for Apple merchandise “within the rapid future.”

“It’s not one thing we’ve got rapid plans to do,” stated Cook dinner. “I don’t assume folks purchase Apple inventory to get publicity to crypto. In the event that they need to do this they will make investments straight in crypto by different means.”

Nonetheless, the Apple CEO — personally value greater than $1 billion — stated he owned some crypto when requested about investing in Bitcoin (BTC) or Ether (ETH):

“I’ve been inquisitive about [crypto] for some time. I’ve been researching it and so forth… I feel it’s fascinating.”

Cook dinner’s assertion could come as a little bit of a shock to many within the crypto house, given the CEO has largely not taken a public place on digital property regardless of controlling one of many largest corporations on the earth. In keeping with data from AssetDash, Apple is at the moment the second most dear firm behind Microsoft, with a market capitalization of greater than $2.4 billion.

Will Apple be the subsequent firm to undertake Bitcoin after Tesla?

Some main tech CEOs together with Tesla’s Elon Musk haven’t been significantly shy when expressing their opinions on crypto. Musk could have contributed the value of the crypto asset — in addition to that of Dogecoin (DOGE) — experiencing volatility in response to his social media posts and enterprise selections at Tesla. This week, he offered 10% of his Tesla inventory in response to the outcomes of a Twitter ballot.