Apple co-founder and technology icon Steve Wozniak gave his take on Bitcoin and crypto in a new interview on the Wild Ride with Steve-O podcast last week.
Wozniak, aka ‘Woz’,’ revealed himself to be an early Bitcoin investor, and that he was still bullish on BTC.
“I bought a bunch of Bitcoin at the start to say how do you play with this new thing?” he said.
“How do you buy something online? I conquered that. How do you buy things in other countries, and how would you pay for a donut in another country? How do you find an ATM that works on your bitcoin? I wanted to experiment and learn it all. And then bitcoin went way up. Well, I got scared and I sold all my bitcoin except one”
Wozniak explained, adding that his “purpose is to have enough to play with and experiment with, but not to make money on.”
While he’s not aggressively positioned in the top cryptocurrency as he explained that he doesn’t like the stress of active investing, Wozniak is still predicting that Bitcoin will ultimately shatter the six-figure mark.
“Just recently, I think Bitcoin is going to go to a hundred thousand. I don’t know where I get that feeling. I can’t put any mathematics to it, I just really feel it from all of the interest. The interest in crypto is so high and so I put a bunch of money into an online wallet account…”
The Woz turns out to be a bit of a Bitcoin maximalist as well. He says that the number of scams and people getting ripped off in crypto and non-fungible tokens (NFTs) “is just outrageous.”
“Bitcoin is safe because it’s the big elephant on the block. It’s stable,” he said.
“There are so many cryptocurrencies that come out now; everybody has a way to create a new one, and you have a celebrity star with it,” Wozniak told Business Insider last week. “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.”
“Conservatively thinking, you go for the big ones and they’ll be around and Bitcoin is stable.”
Disclaimer: These are the writer’s opinions and should not be considered investment advice. Readers should do their own research.