Jun 5, 2018 at 02:59
Oct 1, 2018 at 08:19 UTC
Steve Wozniak Reaffirms His Faith In Bitcoin
Apple co-founder Steve Wozniak was all praise about Bitcoin in a recent interview on the 4th of June. He said that “only Bitcoin is pure digital gold”, reaffirming his belief in the cryptocurrency despite having sold most of his holdings.
Having originally purchased Bitcoin at $700 to experiment with its use as a medium of payment, Wozniak confirmed that he is “not an investor”. “I have one Bitcoin and two Ethers,” he told CNBC. Nonetheless, for Wozniak, Bitcoin represents a separate class of crypto asset from all others.
“Only Bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That’s the first one they have to give up to try to have a business model.”
At the Money20/20 event last October, Wozniak described fiat currencies as “kind of phoney” for they can be altered and manipulated by governments for political reasons, while gold also lacked a fixed supply.
Twitter CEO Jack Dorsey spoke at two events where he predicted that Bitcoin would become the international currency of choice by 2028. Wozniak spoke to CNBC at the ongoing Money 20/20 conference in Amsterdam and said that he “bought into” comments from Jack Dorsey about Bitcoin becoming the “single currency” of both the internet and the world.
“I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way, that is so pure thinking,” Wozniak justified.
Wozniak had previously expressed great interest in Ethereum as a platform for blockchain development, calling it ‘the new Apple‘
Many sources claim that current conditions present a good opportunity for buyers since prices of both Bitcoin and major altcoins have been low in June.