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Topic: Apple CEO Tim Cook invests on Crypto - page 5. (Read 616 times)

copper member
Activity: 2744
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November 10, 2021, 09:45:35 PM
#29
This is excellent news, IMO. For sure, for personal reasons, there's nothing wrong with investing in a speculative asset like BTC, but for an enormous company like Apple, I don't think it would be that easy to adopt it or something. But TBH, if Tesla can do it, I think they can too, right? Not sure about the laws there, but still, I think it can be done.
legendary
Activity: 3080
Merit: 1353
November 10, 2021, 09:32:16 PM
#28
...His investment was from his personal point, and Apple doesn't have any plans of investing/accepting cryptocurrency.
The man trying to play it safe unlike someone who loves dogs that we all know. He is wary of the price volatility that's why he doesn't want to risk the company and I think that's okay. It still opens up the possibility of future crypto or blockchain integration into Apple as also mentioned in the article.

It's understandable, his personal portfolio should be separated from his company.

And I also believed that Tim might have been in bitcoin even before this massive spike, probably during last the last bull run of 2017.

It could be good if Apple will accept it as payment scheme, but Bitcoin's volatility is one drawback that Tim is looking.
legendary
Activity: 3080
Merit: 1131
November 10, 2021, 07:31:14 PM
#27
Apple CEO Tim Cook have invested on cryptocurrency. He has disclosed it in a recorded interview. He mentioned it as part of his diversified portfolio. His investment was from his personal point, and Apple doesn't have any plans of investing/accepting cryptocurrency. This is a big news, and were into discussion around the social media platforms. Majority of the huge company CEO's own crypto. This is a big thing and an indication of growth of cryptocurrency network.

Source : The Verge
Crypto is for everybody and anyone could freely make out decisions whether they do take engagement or involvement or totally avoid it because we do have different stance and perceptions towards it.

We could freely make out decisions because its our own will whether we do buy or not and this one involves those people who are in big companies
which would really able to boost up even more in terms or exposure.

Wont be surprised if other big companies and personalities would really do the same as we do go ahead.
legendary
Activity: 3080
Merit: 1144
November 10, 2021, 07:25:57 PM
#26
And all of a sudden, more big names are starting to acknowledge and embrace Bitcoin. Although that cryptocurrencies can’t please everybody like China, massive adoption can’t be stopped no matter how slow or fast it will be.
Bitcoin is still good enough even without China around. And with its high demand coming from big institutions, this will all lead to its massive adoption in the long run. No matter if it will be fast or slow, as long as it is slowly adopted in some parts of the world, then it will still be win win scenario for bitcoin in the end. And knowing all these big names are starting to embrace bitcoin, i think we will see it more often as it becomes more popular and a lot of people are now starting to identify bitcoin.
legendary
Activity: 2030
Merit: 1189
November 10, 2021, 05:49:19 PM
#25
...His investment was from his personal point, and Apple doesn't have any plans of investing/accepting cryptocurrency.
The man trying to play it safe unlike someone who loves dogs that we all know. He is wary of the price volatility that's why he doesn't want to risk the company and I think that's okay. It still opens up the possibility of future crypto or blockchain integration into Apple as also mentioned in the article.
You're right, future integration with crypto is never off the table, just something that needs to be taken with care since at the end of the day Apple has to satisfy its investors. I should mention that with the retail trends joining hands with the crypto space, I do not envision Apple to sit on the sidelines. Though, timing is something that I suppose can't be agreed on yet, as Tim pointed out.

Either way, I do not think it's negative for crypto, the man covered what needed to be said to ensure the safety of his company. Still it is nice to see most of these business men are not ignoring the sector and are giving some thought to it!
legendary
Activity: 1414
Merit: 1108
November 10, 2021, 05:29:07 PM
#24
Its not very surprising to have companies or in this case, persons like this come around on a crypto investment. Its something that is bound to happen but, only a question of when (time). Its a win for cryptos even though, its not based on the company accepting cryptos  and maybe in time, the company might see the need for some cryptos in there portfolio.
When it comes to diversification of investments, its a necessity and every bilusiness minded individual would be doing themselves a favour or the organisation they represent to look towards some crypto investments. Its a necessity now than ever to avoid stories or how they could have jumped on it.
hero member
Activity: 1862
Merit: 830
November 10, 2021, 02:47:21 PM
#23
Apple CEO Tim Cook have invested on cryptocurrency. He has disclosed it in a recorded interview. He mentioned it as part of his diversified portfolio. His investment was from his personal point, and Apple doesn't have any plans of investing/accepting cryptocurrency. This is a big news, and were into discussion around the social media platforms. Majority of the huge company CEO's own crypto. This is a big thing and an indication of growth of cryptocurrency network.

Source : The Verge

Pointing out how apple doesn't have anything to do with it might be a good idea, this way people won't get influenced in the wrong way and start doting the whole company regarding bitcoins. The whole point of investing in different areas is making sure your assets are safe and diversified, cutting the losses. This is an important step since if this went well so maybe in the future the company might look at this as a promising sector. More people would be positively influenced by his actions for sure.

-Other than that he is not alone in that, there are many people selling their traditional assets for getting hold of Bitcoins, people literally sold gold, people who were against cryptocurrencies like bitcoins. Therefore we might see a boon in the future for sure.
legendary
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November 10, 2021, 10:23:31 AM
#22
Apple CEO Tim Cook have invested on cryptocurrency. He has disclosed it in a recorded interview. He mentioned it as part of his diversified portfolio. His investment was from his personal point, and Apple doesn't have any plans of investing/accepting cryptocurrency. This is a big news

Why is it big news that a man you didn't even know his name until today invested in cryptocurrencies, and Bitcoin is not mentioned anywhere? A man may have invested a few hundred or a thousand $ in some altcoin, and some call it great news, completely ridiculous from my perspective.

Who knows what's next in the Apple story, Tim Cook is trying to convince Warren Buffett that Bitcoin is a good thing Roll Eyes
newbie
Activity: 6
Merit: 0
November 10, 2021, 10:10:40 AM
#21
Apple doesn’t currently have any cryptocurrency products or services. It does allow crypto wallet apps on its iPhone App Store, but it also prohibits mining apps.
legendary
Activity: 2632
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November 10, 2021, 09:33:41 AM
#20
Why do we care about another rich guy who only buys crypto but doesn't use it? As OP says it's just a personal point, nothing to do with Apple investing or planning to make crypto use a part of their company policy.

This is not an indication of crypto growth just an increase of crypto ownership. Not a bad thing but not the same as "mass adoption".
legendary
Activity: 2968
Merit: 3406
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November 10, 2021, 08:12:12 AM
#19
Source : The Verge
For some reason, it redirects to a page with their logo [instead of the article]... You might want to replace it with "this" one instead.

He mentioned it as part of his diversified portfolio. His investment was from his personal point, and Apple doesn't have any plans of investing/accepting cryptocurrency.
I would've been more surprised to see him [or any other billionaire] not having BTCitcoin or other cryptocurrencies as part of their "diversified portfolio" and I think the following part might have a bigger impact than what he said in the above quote:
- I'm having mixed feelings about it but hopefully, introducing another centralized coin isn't part of their plans!

hero member
Activity: 2254
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November 10, 2021, 08:11:36 AM
#18
And all of a sudden, more big names are starting to acknowledge and embrace Bitcoin. Although that cryptocurrencies can’t please everybody like China, massive adoption can’t be stopped no matter how slow or fast it will be.
full member
Activity: 616
Merit: 161
November 10, 2021, 07:08:13 AM
#17
I kinda think that a lot of those types of investors have held BTC fir longer than we think, they just value the privacy of their investments more than shouting from the rooftops. I mean, more and more will start coming out with it, but it would be false to assume that all of them just now got to it. I don't know, just my 2 cents.
hero member
Activity: 1792
Merit: 871
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November 10, 2021, 06:55:45 AM
#16
This is big news for crypto to be honest, and the fortunate part is Tim Cook might want to clear the air by trying to separate his business deals from his personal  investment ventures but many might see this to have potential influence on the current company his working for to do something crypto related which means Apple could have something for the crypto world on its radar. This is bullish news if you ask me ...

Having Cook on cryptos side is a big win, as this means we have Apple in our corner too Tongue
legendary
Activity: 2170
Merit: 3858
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November 10, 2021, 06:50:31 AM
#15
Months ago, we had news about Apple.

I am not surprised to know the CEO of Apple invested in crypto. It is inevitable trend that billionaires especially tech-made billionaires start to invest into crypto.

It would be triggers for such Big-Tech to start their developments to adapt to the evolution of blockchain industry.

Expanding it further, do you guys know that the old gaming company, EA sports recognized the game-changing potential of NFT for gaming industry.
legendary
Activity: 3094
Merit: 1385
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November 10, 2021, 06:27:25 AM
#14
Looking at this? seems like Tim is trying to play safe and wondering what would be the community reaction to this one and if there is a good outcome then maybe Apple Itself will enter crypto as well.
I'm not sure that investing at ATH is 'playing safe'. It's just a FOMO train, and I don't think Bitcoin can keep going without ever crashing. Once it does, these newcomers that poured so much money at such a high price point will be very disappointed and probably lose a lot because of engaging in panic selling and not willing to wait for what can be years before the next bull market. Maybe he invested a while ago, and then it's a different story, but buying when the price is at its highest is never safe. I hope Bitcoin doesn't crash, and they (people like Tim Cook) don't start talking trash and lobbying anti-crypto legislation because of the bad timing of the investment.
legendary
Activity: 3080
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November 10, 2021, 05:36:02 AM
#13
Hyperbitcoinisation, it’s only a matter of time now until the world is fully submerged. We are at a stage now where it is way more risky to have zero exposure to bitcoin.
legendary
Activity: 3542
Merit: 1352
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November 10, 2021, 03:19:21 AM
#12
I respect his decision to not include the company in his personal investments, unlike some other CEO out there who uses the name of his ventures, putting those too at risk just because he wants to prove a point and chase clout to gain more attention. Though again this might just be testing the waters and gauging public reaction on what he does as an individual connected to an important company. It’s good that more and more big names are starting to venture towards crypto little by little. At the least, they are seeing other possibilities on crypto aside from the traditional investments than they’re used to for the longest of time.
sr. member
Activity: 2828
Merit: 357
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November 10, 2021, 03:07:59 AM
#11
Apple CEO Tim Cook have invested on cryptocurrency. He has disclosed it in a recorded interview. He mentioned it as part of his diversified portfolio. His investment was from his personal point, and Apple doesn't have any plans of investing/accepting cryptocurrency. This is a big news, and were into discussion around the social media platforms. Majority of the huge company CEO's own crypto. This is a big thing and an indication of growth of cryptocurrency network.

Source : The Verge
Looking at this? seems like Tim is trying to play safe and wondering what would be the community reaction to this one and if there is a good outcome then maybe Apple Itself will enter crypto as well.
He is a clear starter of the company even if he literally denied the fact that apple is involved in this decision yet why need to broadcast? meaning they are gathering reactions from the majority of the people specially apple supports/users.
legendary
Activity: 1372
Merit: 2017
November 10, 2021, 02:45:52 AM
#10
It still opens up the possibility of future crypto or blockchain integration into Apple as also mentioned in the article.

It still opens up the possibility of future crypto or blockchain integration into Apple as also mentioned in the article.

This could certainly mean that apple could eventually start implementing things having to deal with crypto , would be so huge!

That would be the most normal scenario, wouldn't it? It would be very rare for him to consider Bitcoin as a good investment for himself and not for his company.

I have read it here there's a lot of good news around now on crypto and most especially adopting, investing, and legalizing Bitcoin.  It seems there's a big pump that will come, isn't it?

Yes, we are seeing a steady trickle of good news. If we don't have some unexpected FUD like the miners' crisis in China this year, it is normal for the price to go up in these two months left to the end of the year.
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