List of Flash News about DealBook Summit
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2025-09-27 19:39 |
Tim Cook on Crypto: Apple CEO Called BTC and ETH Reasonable in a Diversified Portfolio, But No Corporate Buying — Trading Takeaways
According to the source, Apple CEO Tim Cook said in a November 2021 New York Times DealBook interview that it is reasonable to own crypto as part of a diversified portfolio, highlighting personal interest rather than a corporate allocation signal. Source: The New York Times DealBook Summit interview, Nov 9, 2021. According to the source, Cook added Apple had no plans to buy cryptocurrency for its corporate treasury or to accept crypto payments at that time, limiting direct institutional flow implications for BTC and ETH from Apple. Source: The New York Times DealBook Summit interview, Nov 9, 2021. According to the source, Apple’s subsequent SEC filings show no digital assets on the balance sheet, reinforcing that the company did not shift its treasury policy after the remarks. Source: Apple Form 10-K FY2023; Apple Form 10-Q Q3 FY2024. According to the source, for traders this means the comment supports long-term retail adoption narratives for BTC and ETH while signaling continued corporate caution from mega-cap tech, which caps near-term expectations of large treasury-driven demand from Apple. Source: The New York Times DealBook Summit interview, Nov 9, 2021; Apple Form 10-K FY2023; Apple Form 10-Q Q3 FY2024. |