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Apple CEO Says Crypto Is Reasonable for Portfolio Diversification

Tim Cook emphasizes that Bitcoin and Ethereum can be reasonable additions to investment portfolios, but clarifies his comments as personal opinions and not financial advice.

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Fact Check
The statement is strongly confirmed by the provided evidence. Multiple credible news sources, including MarketWatch (Source 1 & 6) and Fortune (Source 3), report that in November 2021, Apple CEO Tim Cook stated it is 'reasonable to own' cryptocurrency 'as part of a diversified portfolio.' The comments were made in a personal capacity, not on behalf of Apple.
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Summary

Apple CEO Tim Cook reaffirmed his belief that Bitcoin and Ethereum are reasonable additions to a diversified investment portfolio. In a September 28 interview, Cook stated he has researched crypto and emphasized that his views were personal, not financial advice.

Terms & Concepts
  • Cryptocurrency: A digital or virtual currency that uses cryptography for security and operates on decentralized blockchain technology.
  • Portfolio Diversification: An investment strategy that spreads assets across various financial instruments to reduce risk.