Apple CEO Tim Cook invests in cryptocurrency to diversify his personal investment portfolio. CNBC writes about it.

“I think it’s wise to own cryptocurrency as part of a diversified investment portfolio. But don’t take that as investment advice,” Cook said during the DealBook conference.

The Apple CEO did not specify which cryptocurrencies are part of his investment portfolio.

He added that he was first interested in cryptocurrencies, then he researched the crypto market in detail.

Cook stressed that cryptocurrencies are his personal interest, not concerning Apple in any way.

The company is not considering selling iPhones or other gadgets for cryptocurrency, as it could negatively affect Apple’s stock price.

Apple currently has no products or services related to cryptocurrency. The company allows cryptocurrency wallet apps in its iPhone app store, but prohibits mining apps.

Cook added that while Apple is exploring cryptocurrency technology, it’s “not something we plan to do anytime soon.”