Steve Wozniak values cryptocurrency! As Bitcoin (BTC) has been bearish, headlines have been heralding the death knell for the cryptocurrency citing hundreds of billions in lose value. Pundits disagree, citing the crypto and blockchain space as strong as ever before.
Steve Wozniak recently sat down with Bloomberg’s Yousef Gamal El-Din to talk about innovation in finance and technology. Unsurprisingly, cryptocurrencies and blockchain technology was part of the conversation – it was during this conversation that Wozniak remarked briefly about the space.
Wozniak noted that he “doesn’t buy” the fact that there has been a massive destruction in value for cryptocurrencies. Instead, he claims that 2018 saw “massive value creation.” Wozniak added that the market drawdown was just a result of human psychology – fear played a role in the collapse in the BTC price, not fundamentals.
Wozniak recently divulged that he liquidated his Bitcoin holdings. He explained that he sold his personal holdings and didn’t want his words to sound like the ramblings of a capitulated investor. He went on to explain why he sold his entire holdings with Seth Godin.
In the Q+A with Seth Godin, Wozniak noted that he didn’t want to become “one of those people who watches and watches it and cares about the number.” Wozniak even remarked how he doesn’t want to worry about BTC actively. He explained that one of the ways he hopes to achieve happiness is through mitigating worries – BTC and his selling thereof accomplished this.
Then again, Wozniak made off with 2800% in gains.
Wozniak has not touched much upon his long-term expectations for cryptocurrencies in this interview. He has, via other mediums, covered his personal belief, however. Wozniak told CNBC in 2018 that he would like BTC to garner traction on a monumental scale. Wozniak also went on to add that whether BTC becomes the digital world’s go-to medium of exchange or not, he believes the cryptocurrency will be used as a digital gold. This is in reference and in belief to the underlying math-secured deflationary nature of Bitcoin.
Wozniak isn’t just a Bitcoin maximalist either. He has stated that cryptocurrencies and blockchain technologies at large can be seen as the “next major IT revolution”.
What do you think? Do you think Wozniak is correct? We’re starting to see real world use for cryptocurrencies – yesterday, BAT announced a massive partnership with TAP Network. In the coming months, you’ll be able to redeem your BAT for rewards! 2018 certainly saw BAT and other cryptocurrencies, in the words of Wozniak, increase its value – we’re seeing concrete gains today! Let us know what you think on our Facebook page!
