Bitcoin in Tim Cook’s wallet, but Apple keeps its distance; know why

In an interview at the DealBook Summit, Apple CEO Tim Cook disclosed that he personally owns Bitcoin and has been holding it for three years. This revelation by one of the tech industry’s most influential figures has reignited discussions around Apple’s stance on cryptocurrency and blockchain technology. Despite Cook’s personal endorsement of Bitcoin as part of his diversified investment portfolio, he emphasized that Apple has no plans to adopt cryptocurrency in its business operations. This distinction between personal investment and corporate strategy underscores Apple’s cautious approach to the rapidly evolving digital asset landscape. As the world watches for Apple’s potential entry into the crypto space, Cook’s statements provide valuable insights into the tech giant’s priorities and vision.