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Tim Cook opened up about his personal interest in crypto but shuts down the possibility of adding Bitcoin as an Apple payment method

While Tim Cook has an interest in crypto, don't expect to buy an iPhone with Bitcoin anytime soon (Image source: Apple)
While Tim Cook has an interest in crypto, don't expect to buy an iPhone with Bitcoin anytime soon (Image source: Apple)
Apple CEO Tim Cook spoke briefly about his personal interest in cryptocurrency at a New York Times press event, stating that he personally owns crypto as part of his investment portfolio. However, he confirmed that Apple would not be accepting crypto as a payment method anytime soon.

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During a New York Times DealBook press event, Tim Cook recently spoke candidly about his personal interest in cryptocurrency. Answering a question about his personal stake in crypto markets, and whether or not he owned Bitcoin and Ethereum, Cook had this to say: "I do. I think it's reasonable to own it as part of a diversified portfolio." 

However, the Apple CEO quickly dashed hopes that this might translate into a greater integration of crypto into Apple's ecosystem. Cook stated that his interest in crypto was "personal," and that Apple had no plans of either accepting cryptocurrency as a payment method, or even of Apple itself investing in cryptocurrency currency markets. 

The irony here is that it is indeed possible to buy Apple products with Bitcoin right now, just not from Apple. Companies like Newegg have already started accepting cryptocurrency as valid tender. The country of El Salvador has even made Bitcoin its official currency. While Cook's interview indicates that Apple isn't currently interested, it could just be a matter of time before Bitcoin or Ether become valid Apple payment methods. 

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Arjun Krishna Lal
Arjun Krishna Lal - Tech Writer - 584 articles published on Notebookcheck since 2019
I've had a passion for PC gaming since 1996, when I watched my dad score frags in Quake as a 1 year-old. I've gone on to become a Penguin-published author and tech journalist. Apart from working as an editor at Notebookcheck, I write for outlets including TechSpot and Gamingbolt. I’m the Director of Content at Flying V Group, one of the top 5 digital marketing agencies in Orange County. When I'm not traveling the world, gathering stories for my next book, you can find me tinkering with my PC.
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> Notebook / Laptop Reviews and News > News > News Archive > Newsarchive 2021 11 > Tim Cook opened up about his personal interest in crypto but shuts down the possibility of adding Bitcoin as an Apple payment method
Arjun Krishna Lal, 2021-11-11 (Update: 2021-11-11)