AppleAfter being asked by DealBook attendees if he owned bitcoin or ethereum, CEO Tim Cook stated that he has cryptocurrency.

I do. Cook said in an interview that he believes it is reasonable to have it as part a portfolio. Cook said, “I am not offering any investment advice.”

Cook stated that cryptocurrency was something he’d been looking into for a while and that he has been doing research on the subject.

Cook denied that he was interested in the topic from a personal point of view and dismissed any suggestion that Apple could accept cryptocurrency as payment for its products.

Cook rejected any possibility that Apple would invest in cryptocurrency using corporate funds.

Cook stated, “I would not go invest in cryptocurrency, and that’s not because my money wouldn’t be invested, but because I don’t believe people buy Apple stock for exposure to crypto.”

Cook received 5 million sharesApple stock in the amount of $750 millions at that time. Further Apple stock grant will be granted to the recipient through 2026This is a variable that depends on Apple’s stock performance. His entire wealth will be donated to charity, he stated.

Hit Bitcoin and Ethereum all-time highs on Tuesday morning

Apple currently doesn’t offer any cryptocurrency-related products and services. Although it allows crypto wallet apps through its iPhone App Store. However, mining apps are not allowed.

Apple offers financial services via its Wallet app, including contactless Apple Pay and peer-to–peer payments.

They are still years away if Apple introduces cryptocurrency products and services. A senior Apple Pay executive claimed in 2019 that Apple saw “long term potential” for cryptocurrency.

Cook stated Tuesday that Apple is looking into cryptocurrency technology but it wasn’t something they have any immediate plans for.