<p>Tim Cook, the chief executive of Apple Inc., said Tuesday that he owns cryptocurrency.</p> <p>Cook made the comments during an interview with the NYT's DealBook during its Online Summit event. “I think it’s reasonable to own it as part of a diversified portfolio,” he remarked.</p> <p>&nbsp;</p> <blockquote class="twitter-tweet"> <p dir="ltr" lang="en">Tim Cook of Apple reveals that he has personally invested in cryptocurrency. “I think it’s reasonable to own it as part of a diversified portfolio,” he said at the <a href="https://twitter.com/hashtag/DealBook?src=hash&amp;ref_src=twsrc%5Etfw">#DealBook</a> Online Summit. <a href="https://t.co/xpahdlKfOe">https://t.co/xpahdlKfOe</a> <a href="https://t.co/CQpQgShu0x">pic.twitter.com/CQpQgShu0x</a></p> — DealBook (@dealbook) <a href="https://twitter.com/dealbook/status/1458091701252378624?ref_src=twsrc%5Etfw">November 9, 2021</a></blockquote> <p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> <p>&nbsp;</p> <p>It's a notable announcement, though far from a signal that Apple is looking to expand its crypto footprint — at this stage, at least.</p> <p>“It’s not something we have immediate plans to do,” Cook said when asked if the computing giant was looking at crypto as a possible payment method within its services. He also shot down any idea that Apple might tap bitcoin as a treasury investment, saying that "I don’t think people buy Apple stock to get exposure to crypto."</p> <p>Still, Cook indicated that "[t]here are other things that we are definitely looking at.” What that might entail remains to be seen, but <a href="https://www.theblockcrypto.com/linked/106130/apple-seeks-crypto-expert-for-business-development-manager-position" target="_blank" rel="noopener">as reported in May</a>, Apple cited cryptocurrency experience in a job ad for a business development role focused on alternative payment methods. </p> <p><i data-stringify-type="italic">For more breaking stories like this, make sure to follow The Block on </i><i data-stringify-type="italic"><a class="c-link" href="https://twitter.com/TheBlock__" target="_blank" rel="noopener noreferrer" data-stringify-link="https://twitter.com/TheBlock__" data-sk="tooltip_parent">Twitter</a></i><i data-stringify-type="italic">.</i></p>