Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Apple CEO Tim Cook reveals three-year crypto holdings

Source Cryptopolitan

The CEO of Apple, Tim Cook, told DealBook’s Sorkin that he had been holding Bitcoin for about three years. The CEO, however, explained that his interest and research in Bitcoin was personal and that Apple had no plans to join the crypto bandwagon in the near future.

The Apple executive said it was ‘reasonable’ to own Bitcoin as part of a diversified portfolio. However, he clarified that he was not giving investment advice, only sharing personal sentiments. According to Binance, Bitcoin almost touched the 82K mark after recording a high of $81,846.71.

Tim Cook thinks Bitcoin is ‘interesting,’ but Apple won’t touch it anytime soon

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

The Apple Inc. CEO was explicit in his ‘personal engagement and investment’ in Bitcoin but did not disclose his stake. He insisted that crypto was something that Apple was looking at but in no hurry to actually get into it as part of its core business. Other companies like Tesla were already accepting Bitcoin payments for their EVs and had bought $1.5 billion worth of Bitcoin to hold in its corporate treasury, according to the New York Times.

Tim Cook added that the tech giant had no plans to integrate crypto into its payment system in the near future. The CEO mentioned that Apple was already looking into other things but cryptically refused to divulge any details.

The Apple exec said he wouldn’t invest the company’s money (~$200 Billion in cash) in Bitcoin, not because he wouldn’t invest his own money, but because investors didn’t buy Apple stocks to get any sort of crypto benefit. He, however, pointed out that shareholders were free to invest directly in crypto through their own means. Apple allowed its users to download crypto wallet apps through the App Store.

“I don’t think people buy Apple stock to get exposure to crypto.”

–Tim Cook

The CEO did not think he was a ‘crypto bull,’ or whether he deserved any Bitcoin-related labels for that matter, but added that NFTs were also interesting.

Bitcoin whales move large amounts of BTC amid rally

According to sentiment data, the last Bitcoin whale transactions >100K and >1M were recorded on October 11th, when Bitcoin stood at $62K. On that day alone, sentiment recorded 5,032 transactions worth over 100K and 1,057 transactions worth over 1M. However, the founder of Bitgrow Lab, Vivek Sen, revealed through an X post that whales were buying Bitcoin ‘like never before’ since Trump’s re-election.

According to Arkham’s on-chain analytics, an investor bought $92 million worth of Bitcoin on November 7th, while four whales bought Bitcoin worth over $145 million on November 8th. On September 14th, another Bitcoin whale bought 1,064 BTC worth $64 million. The most recent whale Bitcoin transfer was recorded six days ago, where two separate transactions of 32.37K BTC and 30.37K BTC worth over $2 billion each were used to move BTC from Mt. Gox to an unknown wallet.

The data also showed that another unknown wallet acquired over 20K BTC worth over $1.4 billion in two separate transactions only two days ago. Arkham also flagged two more transfers of over 10K BTC and 9K BTC worth over $700 million each to two different wallets two days ago.

In total, Arkham recorded 144 instances in the last 7 days where BTC worth over $100 million was transacted.

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

US August CPI lands tonight: after a 5.4% PPI shock, will the Fed hike on September 16?US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.

Author Irene Q.

Sep 11, Fri

US August PPI came in at 5.4% year-on-year, above the 5.3% consensus, with core PPI at 4.6%. Traders have pushed the odds of a 25bp Fed hike on September 15-16 to around 70%. Tonight's CPI is the last major inflation print before the decision — here is the full calendar, the consensus numbers, and what a hot versus cool reading would mean for the dollar, yields, gold and stocks.

Brent tests $108 as a key export pipeline stays shut — can the rally clear $110?Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.

Author Irene Q.

Sep 14, Mon

Brent crude rose 2.55% to $106.97 and WTI 2.32% to $102.30 as a major regional export pipeline remained offline with no restart timeline. Front-month backwardation has widened to $5.53 from $3.84 a week ago, European gas is at its highest since December 2022, and one analyst sees $119.48 if talks stall.

Fed hike odds near 90% into Wednesday's decision — how to trade the dollar, gold and the S&P 500 A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Author Suzie

Sep 14, Mon

A 0.3% monthly core CPI print has lifted the market-implied probability of a 25bp Fed hike on 16 September to roughly 86.5% ~ 90%, which would be the first increase since July 2023. Here is the decision timeline, the pricing versus the forecasts, both scenarios, and the key levels for the dollar, gold and the S&P 500.

Gold falls below $4,300 as higher US yields bolster Fed rate hike bets Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week.

Author FXStreet

Yesterday 01: 23

Gold price (XAU/USD) tumbles to near $4,295 during the early Asian session on Tuesday. The precious metal faces some selling pressure as rising bond yields and surging energy prices strengthen expectations that the US Federal Reserve (Fed) will raise interest rates this week.

【Daily Brief】10-year Treasury yield briefly tops 5%, S&P 500 slips to 7,602 and the dollar firms at 99.3 as the Fed's decision eve begins The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.

Author Irene Q.

21 hours ago

The 10-year Treasury yield touched 5.014% on Monday — its first print above 5% since October 2023 — while the S&P 500 closed 0.48% lower at 7,619.98 and the dollar index firmed to 99.3. Here is the full market wrap ahead of Wednesday's FOMC decision, the dot plot and the August retail sales report, plus today's CLARITY Act Senate vote.

Popular Symbols