Apple CEO Tim Cook Says He Owns Cryptocurrencies As a Personal Investment


Meanwhile, major banks started offering cryptocurrencies and crypto-related products to their clients to enrich their investment portfolios.

Nonetheless, the cryptocurrency market is still unregulated. According to the new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, the crypto space is a “Wild West”. Gary taught cryptocurrency courses at MIT before taking his role his SEC role.

The CEO of Apple also mentioned several topics in the virtual conference on Tuesday. Cook spoke about cryptocurrency, augmented reality and Appe Store and “sideloading”. Sideloading is downloading a 3rd party app that isn’t vetted by Apple. His company argued that these apps can encourage security flaws.