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Tim Cook Has Invested In CryptoCurrency

Everyone is making dollars these days via Crypto, so does Mr. Cook!

Tim Cook Has Invested In CryptoCurrency

Apple CEO, during a recent conversation at the New York Times Dealbook conference, Tim Cook stated that he had invested his personal wealth in Cryptocurrency.

“I think it’s reasonable to own it as part of a diversified portfolio,” the CEO said during a conversation with Andrew Ross Sorkin. “I’m not giving anyone investment advice, by the way,” he quickly followed up, without specifying which specific cryptocurrencies he has invested in.

“I’ve been interested in it for a while. I’ve been researching it and so forth … I think it’s interesting,” the CEO continued.

Although Cook disclosed his private cryptocurrency investment, he was far more cautious about Apple’s corporate plans. He ruled out investing the company’s cash position in cryptocurrencies, and he stated that Apple has no intentions to allow users to use cryptocurrency to purchase its products “in the near future.” However, the CEO teased that “there are other things that we’re definitely looking at” in terms of cryptocurrencies, without revealing any particular plans.

Source: The Verge

Since we are talking about trending investment strategies, he was also asked about NFTs, to which Cook described them as “interesting,” but said that “it will take a while for it to play out in a way that is for the mainstream consumer.” If you’re still unsure what an NFT is, we got you!

NFT stands for “non-fungible token”. It can hold any digital content, such as paintings, animated GIFs, music, or video game goods. An NFT can be one-of-a-kind, such as a real-life artwork, or one of many copies, such as trading cards, but the blockchain keeps track of who owns the file. Using the blockchain, you can purchase and sell ownership of your unique digital assets, & keep track of who owns them via NFTs.

Tim Cook was asked about other significant issues that have impacted Apple in recent months, including its high-profile legal dispute with Epic Games, which resulted in banning Fortnite from Apple’s app store.

However, during the about half-hour-long conversation. When questioned if customers should be given the option to install software from sources other than Apple’s App Store through techniques such as sideloading, the CEO emphasized that Apple believes their approach is the most secure.

“You can buy [an] Android phone if you want to sideload.” “When you go into the carrier shop, you have that option,” the CEO explained. “If that’s essential to you, then get an Android phone.” He went on to compare enabling customers to sideload their own applications on iPhone to a car manufacturer selling a vehicle without airbags or safety belts. “It’s just too dangerous to do that,” he explained. “It wouldn’t be an iPhone unless it prioritized security and privacy.”

Full Interview:

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Written by Hammad Khalid

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