Regardless of how much cryptocurrency each person has bought, they’re all currently in the green. Bitcoin’s price struck another all-time high yesterday, while the total crypto market cap topped $3 trillion. In 2019, an executive of Apple Pay also said he saw “long-term potential” in cryptocurrency. Nevertheless, Apple has yet to provide any cryptocurrency-related products or services and has no immediate plans. I think it’s reasonable to own it as part of a diversified portfolio,” said Cook when asked if he owns the cryptocurrency, adding that he has been interested in the area “for a while” .

Click here, or sign up for our newsletter to explore more of Benzinga’s Cryptocurrency market coverage, in-depth coin analysis, data, and reporting. What desktop Mac you buy is an incredibly personal decision, driven by workflow as much as it is by financial considerations. Fortunately, there are wide varieties of machines you can buy at any price point. The Senate is starting to take notice of reports hackers are forging “emergency data requests” to gain data from tech companies such as Apple, with one starting to investigate the privacy issue.

• However, he confirmed that Apple would not be accepting crypto as a payment method anytime soon.
• The company has also put out multiple reports this year, all of which argue that allowing users to install software not vetted by the App Store review process risks exposing their phones to malware and other security threats.
• Cook also highlighted that Apple has increased its expenditures on research and development.

Jobs was talking about the thorny issue of consumer privacy well over a decade ago, Cook said. Cook has been CEO of Apple for a decade, a milestone that is bittersweet. “On my 10-year anniversary, I am thinking about 10 https://theleadbtc.org/ years without Steve, so it’s a bit of a sad time too. There is no one quite like him and I miss him every day,” Cook said of the legendary Apple co-founder and former CEO who died of cancer in October 2011 at age 56.

Watch: Apples Tim Cook Speaks At Vivatech Conference

But he doesn’t plan to shift Apple’s huge stockpile of cash and other investments, worth about $190 billion, to crypto anytime soon. He doesn’t think investors buy the company’s stock to get exposure to crypto. “I wouldn’t invest in crypto, not because I wasn’t investing my own money, but because I don’t think people are buying Apple stock to invest in crypto,” Cook said. He added that Apple is looking into the cryptocurrency space, but said there are no immediate plans in the area. Bitcoin is making headlines again, as the world’s most popular and valuable cryptocurrency is still breaking records.

Cook was then asked if Apple has plans to launch its supposedly-innovative Apple card in France. Despite the US push into the credit card market, and the success of features like Apple Pay, Cook said the company doesn’t plan to become a bank. Yeah, I think it’s reasonable to own it as a part of a diversified portfolio. Domm Holland, CEO of one-click checkout startup Fast, is telling potential new investors https://www.coindesk.com/ that the company plans to cut hundreds of jobs, a person with direct knowledge of the matter told The Information. The option that these companies have found, and we were even able to witness that countries like The Savior They are also doing it, is to take that cash and convert it to BTC. Until this moment This decision has generated billions of dollars of return on investment for these names.

While more research needs to be done, Cook said, “all of us should care about making products that help people’s mental health and not play against it.” Cook said he’s been interested in cryptocurrency coins “for a while.” He said he invested from a “personal https://theleadbtc.org/tim-cook-talks-crypto/ point of view” after researching the topic. Apple Pay competitors like PayPal, Venmo and Square Inc.’s Cash app have all moved into the crypto space in recent months, so it would be odd if Apple wasn’t at least weighing a decision about making a similar move.

Apple Set To Announce $2 5 Billion Bitcoin Purchase On Monday?!! Options Traders Aim For $100k Btc!!

Apple CEO Tim Cook tackled a broad spectrum of contemporary topics, including the position of cryptocurrency in Apple’s business and his own portfolio, in a discussion with The New York Times’ Andrew Ross Sorkin on Tuesday. From Tesla to PayPal to MicroStrategy, many big corporations have been vocal supporters of cryptocurrency. In the tech sector, companies like Facebook, Twitter, and Microsoft have long shown interest in incorporating cryptocurrency into their growth strategies. In an NYT Dealbook Conference interview, Apple CEO Tim Cook said that the IT giant is looking forward to active participation in the cryptocurrency sector.

While Tim’s interview may have caught the attention of Apple investors first and foremost, I believe it is crypto investors that should listen even more carefully. Bitcoin and other major coins continue to fight an uphill battle to be recognized as mature, stable store of value and transaction medium – and the case for it happening has become much more appealing in 2021. “And I’m not planning, Cook adds, “in the near future, to take crypto for our products, as a means of tender. But there are other things that we are definitely looking at.” When prodded by the interviewer, Cook refrained from giving any further details, saying that the company isn’t quite ready to announce anything yet.