RATE Group | Apple CEO Tim Cook Made A Serious Bitcoin Rival Warning
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Apple CEO Tim Cook Made A Serious Bitcoin Rival Warning

05 Oct Apple CEO Tim Cook Made A Serious Bitcoin Rival Warning

Posted at 08:04h in Bitcoin News by

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Bitcoin has soared this year as rumors swirl that some of the world’s biggest technology companies, including Apple, Samsung, Facebook, and Twitter, are taking an interest in cryptocurrencies.

The bitcoin price leaped around 200% over the first six months of the year largely due to social media giant Facebook’s now crumbling plans to launch its own private bitcoin rival, libra.

Meanwhile, iPhone-maker Apple raised eyebrows last month when one of its executives said it’s “watching” cryptocurrencies, but Apple chief executive Tim Cook has now poured water on expectations it could be planning its own bitcoin rival–and warned against companies creating their own currencies.

“I really think that a currency should stay in the hands of countries. I’m not comfortable with the idea of a private group setting up a competing currency,” Cook reportedly told Les Echos, a French…

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