Cryptocurrency Has Grown Too Big To Be Ignored.
So lately we have held about big companies holding mostly Bitcoin on their balance sheets and other cryptocurrencies as well, In a recent interview with New York Times DealBook Online Summit, Tom Cook CEO of the world's biggest gadget provide, Apple has revealed that he holds some cryptocurrencies, although he did not specify the cryptocurrencies he is holding in his portfolio.
In his own words, stating where he stands when it comes to cryptocurrencies Investment during the New York Times interview DealBook Online Summit, He had this to say “I think it’s reasonable to own it as part of a diversified portfolio.”, according him it's not a financial advise.
Despite his opinion about crypto, he made it clear that he holds crypto in his own personal portfolio but that his company, Apple has no intention of buying or add crypto to their balance sheet, just like how Square, Microstrategy and Tesla has done just to mention a few.
He also added that Apple is not going to add crypto as an option for tender, that people are not buying Apple Stock in other to get exposure to crypto, that they can buy crypto directly through means like crypto exchanges.
Speaking on Big Companies holding Bitcoin, Microstrategy company owned by Michael Saylor recently made double of it's initial Bitcoin investment, making above 3 billion dollars as Bitcoin climbed above $60k per coin, its holds 114,042 Bitcoins worth over 7 billion dollars now.
Next up, is Tesla owned by the world's richest man worth 215 billion dollars, Elon musk, Tesla who recently confirm it may start accepting Bitcoin again, it also made 1 billion dollars profit for it Bitcoin investment and has no plans on selling it anytime soon, it holds 42,902 Bitcoin.
Square is not the next in line but it's worth mentioning because it's owned by Jack Dorsey the CEO of twitter, twitter has been the largest crypto community and the best platform to get updated crypto news. It holds 8,027 Bitcoin.
Recently some United States Sentors have shown their support for crypto, also some big companies, wall street itself due to Bitcoin ETF, right now crypto taking over is inevitable.
Posted Using LeoFinance Beta
