Apple’s co-founder, Steve Wozniak recently spoke with Bloomberg on February 26, 2019, covering AI, machine learning, and the world’s #1 cryptocurrency, Bitcoin (BTC).
Bitcoin Has “Massive Value Creation”
Last year in June 2018, Wozniak declared that Bitcoin was on its way to becoming the world reserve currency. In his interview with Bloomberg, he stood by these comments when questioned whether he still believed in Bitcoin after such a “massive value destruction” as what occured in the nascent asset class.
To this, the US inventor and electronics engineer said:
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.
He later proclaimed that when Bitcoin’s price shot up to near $20,000, he sold out because he was not an investor or a trader so much as curious as to how Bitcoin worked and how he could use it.
I don’t want to be one of those people watching the price of Bitcoin, so I sold out.
Previously speaking in an interview with CNBC back in June 2018, Wozniak was quoted saying:
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.
It appears Wozniak continues to stand by his confidence in Bitcoin, as he has been quoted saying positive things time about Bitcoin time and time again.
When do you think Bitcoin will create substantial value for investors again? Will it be in 2019 or beyond? Let us know what you think in the comment section below.