Steve Wozniak, the co-founder of one of the largest companies in the world, Apple, showed his support to Bitcoin (BTC). During a conversation with Bloomberg, he said that there was a massive value creation in the market. Wozniak also commented that he is experimenting with Bitcoin on new devices.
Steve Wozniak Supports Bitcoin
During 2018, Bitcoin and several digital assets have been in a bear trend. Most of them lost more than 90% of their value in just a year. Other tokens released by Initial Coin Offerings (ICOs) have even disappeared from the market. He has also said that he held Bitcoin because he was experimenting with it and that he keeps doing so.
About it, Wozniak commented:
“We’ve seen massive value destruction but we’ve seen massive value creation. I had a lot of Bitcoin, but never 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. […] and I still experiment with it on new bitcoin devices.”
Since December 2017, the cryptocurrency market lost more than $400 billion in value. Additionally, the industry has been damaged by hacks on cryptocurrency platform and exchanges.
Wozniak is an American investor and engineer that is known for co-founding Apple with Steve Jobs. During the 2018 Crypto Summit, he referred to blockchain as a new technology that is going to be changing the face of financing.
Moreover, at the Money 20-20 event, Wozniak mentioned that Bitcoin is mathematically defined and that there is a certain quantity of Bitcoin available. He went on explaining that Bitcoin is pure and there is no human running it.
“That to me says something that is natural and nature is more important than all our human conventions,” he said.
Another important figure, Jack Dorsey, the CEO of Twitter, has also been supporting Bitcoin and virtual currencies. He has participated from the Lightning Torch initiative on Twitter and has given positive comments regarding the most popular digital asset. Dorsey mentioned that Bitcoin will be the currency of the internet.
Now, each Bitcoin can be purchased for $3,858 and it has a market capitalization of $67.75 billion.