Apple CEO invests in crypto; Tyler Winklevoss calls the US dollar a ‘shitcoin’
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The cryptocurrency market has taken a little dip in the past 24 hours. But the big news keeps on pumping, not least of all Apple’s CEO making a crypto-investment reveal.
The cryptoverse has been abuzz with rumours about tech giant Apple making a move into crypto for a while now.
Those rumours solidified into something a little more tangible over the past day, after Apple’s CEO Tim Cook revealed he owns cryptocurrencies, finds the technology “interesting” and would consider integrating Bitcoin payments on the Apple Pay service.
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 #DealBook Online Summit. https://t.co/xpahdlKfOe pic.twitter.com/CQpQgShu0x
— DealBook (@dealbook) November 9, 2021
Cook was discussing the digital asset class at The New York Times DealBook Online Summit yesterday and was asked by journalist Andrew Sorkin whether he owns any crypto, any Bitcoin or Ethereum.
“I do,” responded Cook, adding that he thinks it’s reasonable to hold crypto assets as part of a diversified portfolio.
The Apple CEO further expressed his interest in cryptocurrencies revealing that he’s been researching them “for a while”.
Cook also disclosed that the US tech behemoth might start allowing Bitcoin payments through Apple Pay. “It’s something that we’re looking at but not something that we have immediate plans to do,” he said.
With Cook’s crypto-owning reveal, the cryptoverse is now speculating harder than ever about if and when Apple might also make an official crypto investment announcement and follow the likes of major companies PayPal, Square, Twitter, AMC and others.
Amid record levels of inflation in the US right now, Tyler Winklevoss, co-founder of the global Gemini crypto exchange, labelled the US dollar a “shitcoin” on Twitter.
And, alluding to the Tim Cook crypto-investing reveal, he added that when the dollar reaches an inflation level of at least 10 per cent, he “will be shocked if every company in the world doesn’t own Bitcoin”.
For now. Wen the US dollar shitcoin hits double digit inflation, I will be shocked if every company in the world doesn’t own bitcoin. https://t.co/tiaWtoWF86
— Tyler Winklevoss (@tyler) November 9, 2021
For a further Gemini POV, and particularly on Australian-related crypto topics from the past week or so, the crypto platform’s Sunil Kaushik gave Stockhead his thoughts earlier today.
Meanwhile, the Bitcoin (and Ethereum) inflation-hedge narrative only continues to gather steam, with news and stats like this…
BREAKING: Inflation is up 6.2% year-over-year.
That's the highest increase in 31 years.
Economists & politicians claimed inflation was non-existent, transitory, and even that it was good for you.
Meanwhile, your purchasing power was being reduced at a historic rate — wake up.
— Joe Pompliano (@JoePompliano) November 10, 2021