Apple co-founder: Bitcoin [BTC] has seen massive value creation and will become world’s reserve currency

Apple’s co-founder Steve Wozniak spoke about Bitcoin at one of Bloomberg’s events on 26 February 2019. He also addressed topics ranging from AI and Machine Learning to Bitcoin, and how it will become the world’s reserve currency.

Steve Wozniak, aka The Wonderful Wizard of Woz, is an American inventor and electronics engineer who co-founded Apple with Steve Jobs. During his sit-down with Bloomberg’s Yousef Gamal El-Din, Wozniak said that he still stood by his prior comments about Bitcoin becoming the world’s reserve currency.

Wozniak added,

“I’m not sure that I can buy that we’ve seen massive value destruction but I think we’ve seen massive value creation… psychology will often drive markets… I never invested [in Bitcoin] as an investor, I only had Bitcoin to experiment with and find out how to buy and sell things around the world, and find restaurants that accept Bitcoin.”

The co-founder further said that he still had some Bitcoins which he experiments with on new devices and applications.

Wozniak first gave his insights on Bitcoin and Ethereum at the 2018 Crypto Summit. At the summit, he referred to blockchain as a new technology that is changing the face of financing. Steve further said that blockchain was still in the nascent space and “new things are exciting and what drive us and push us.”

At the Money 20-20 events, Wozniak called Bitcoin “pure” and stated,

“Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there’s a way it’s distributed… and it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing… and surviving, that to me says something that is natural and nature is more important than all our human conventions.”

Many prominent in different industries around the world are getting into blockchain or cryptocurrencies, be it Bitcoin or Ethereum or any other coin. Twitter’s Jack Dorsey recently held the Lightning Torch, Nasdaq listed Brave New Coin’s Bitcoin and Ethereum Liquid Indices and Ripple is trying to get banks to use XRP via their payment solution, xRapid etc.

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