Apple Co-Founder Steve Wozniak on Bitcoin: ‘We’ve Seen Massive Value Creation’
Apple co-founder Steve Wozniak declared that he thinks “we’ve seen massive value creation” when asked about Bitcoin’s potential.
When Bloomberg asked Wozniak if he still expects Bitcoin to become the world’s currency in the future — an idea he expressed in June last year — after “we’ve seen massive value destruction in Bitcoin,” the entrepreneur countered:
“I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.”
Apple’s co-founder then argued that oftentimes psychology drives market dips, with fear in part determining price. Wozniak clarified that he was not interested in Bitcoin “as an investor” and that he “only had Bitcoin to experiment with,” clarifying that he had used the crypto as a form of payment.
Wozniak also noted that he had sold all of his Bitcoin “when it went up high,” reiterating what he had said last January:
“I don’t want to be one of those people watching the price of Bitcoin, so I sold out.”
The engineer added that he has never invested in any stocks nor used the Apple stock app.