Apple isn’t taking a bite out of the growing crypto market just yet—but it could let its customers get a taste. CEO Tim Cook on Tuesday said he owns crypto and is considering adding crypto capabilities to its Apple Pay service.
Cook, in an interview at The New York Times’ DealBook Online Summit, said that he has been interested in crypto for a while. “I think it’s reasonable to own it as part of a diversified portfolio,” he said. 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.
