Apple Co-Founder Wozniak Hails Bitcoin: Other Cryptocurrencies Fit in the Picture

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Steve Wozniak, Apple co-founder and the man alongside Steve Jobs himself, has time and again flared his smitten over the original cryptocurrency, bitcoin. Wozniak, who shot to fame for designing Apple’s first computers, has shaped the brand into the $1 trillion dollar giant it is today. As his company hits the whopping valuation of $3 trillion dollars, the co-founder has once again come out in support of Bitcoin, especially at a time when the cryptocurrency finds itself dwindling in the torpedo of shaky geopolitics of Europe.

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As the crypto scene becomes cluttered more than ever in its decade-old run, with new cryptocurrencies aspiring to make it big, bitcoin continues to be the baton-holder monopolizing the minds and market of users. In this turbulent space, Wozniak simplifies the crypto world by calling spade a spade, in this case, the market is highly unstable.

As a new report from Business Insider, Wozniak commented on the power of crypto and how it has facilitated a means for people to transfer money and receive them from others during the process of several up and coming projects, decentralizing the pre-established concept of money-making.

“There’s so many cryptocurrencies that come out now; everybody has a way to create a new one, and you have a celebrity star with it,” the Apple co-founder said. “It seems like they’re just collecting a bunch of money from people who want to invest at the very earliest stage, when it’s worth pennies,” says Wozniak.

Moreover, he brings out an analogy to the show “Unicorn Hunters”, which Wozniak stars in along with Lance Bass where they invest in breakout ventures. By doing so, he felicitates the upsides of cryptocurrencies. 

Wozniak hails the launch of a token called Unicorn which acts as a stock or exchange-traded fund(ETF) enabling users to acquire equity holdings of startups. “It’s really opening up the world of startup investment to the masses,” adds Wozniak.  

Comparing bitcoin to gold, Wozniak lauds the cryptocurrency calling it the “only one that’s pure-gold mathematics”, a distinction among the many cryptocurrencies in the market. This comes after he complimented bitcoin earlier in July 2021, saying that “Bitcoin is the most amazing mathematical miracle.” Wozniak highlighted bitcoin’s limited attribute in the market as compared to the abundant presence of gold in nature.

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Roopashi Semalty
Roopashi Semalty

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