Bitcoin is stable

Steve Wozniak, co-founder of Apple Inc., praised the cryptocurrency Bitcoin (BTC) on the podcast “Wild Ride!” as “a safe, stable, and conservative asset.”

Apple co-founder Steve Wozniak says,
“#Bitcoinis safe, stable, and conservative”pic.twitter.com/BcRDYG8L3d

— Documenting ₿itcoin (@DocumentingBTC) February 6, 2024

Mr. Wozniak is known as a “genius engineer” who invented and developed Apple’s first personal computer and founded Apple with Steve Jobs. In addition, his attitude of pursuing technology and its enjoyment rather than business resonates with many people.

Wozniak said it is common for many unsuspecting investors to buy cryptocurrencies ahead of time in hopes of a price increase similar to Bitcoin, only for the founders to withdraw their funds and lose their fortunes. pointed out that. NFTs (non-fungible tokens) are a prime example, and he said an “inordinate number” of investors have been fooled by fraudulent cryptocurrencies and NFTs.

On the other hand, he expressed deep trust and support for Bitcoin.

Bitcoin reaches $100,000

Wozniak said he has never invested in stocks or looked at Bitcoin as an investment. He says he bought a lot of Bitcoin in its early days and enjoyed “experimenting and learning.”

Then, when the price of Bitcoin skyrocketed in 2017, he got scared and sold all but 1 BTC, “enough to play with and experiment with.”

Mr. Wozniak’s “standard of happiness” is to be free from “a state of nervousness caused by unstable price movements.” It seems that he had no intention of making money with Bitcoin.

He pointed out that the price of Bitcoin has spiked twice in the past. Recently, he believes that interest in virtual currencies has become very strong, and he predicted that Bitcoin will reach $100,000 (14.8 million yen). He says he’s “not sure where that ‘feeling’ comes from,” but he feels it strongly.

fiat currency and bitcoin

Mr. Wozniak is known as a Bitcoin supporter and has repeatedly made positive statements about Bitcoin.

• Bitcoin is the most amazing mathematical miracle
• Bitcoin is like “nature” based on mathematics and more reliable than humans.
• It has a better store of value than fiat currency, which can be “printed without limits” for political reasons.
• Bitcoin is the only digital gold

However, when asked if Bitcoin will replace fiat currency in the future, he answered as follows, expressing skepticism about the traditional financial system being replaced.

connection:Arthur Hayes is extremely bullish on Bitcoin price and predicts bailout measures from US banks

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