Steve Wozniak: "Bitcoin Is Better Than Gold"

Steve Wozniak: "Bitcoin Is Better Than Gold"

In an interview with CNBC, Steve Wozniak, the co-founder of Apple Inc and Tech Geek, said that Bitcoin is better than gold or the US dollar. During the conference on the future of payments and currencies, Wozniak, a mathematician by education, explained why he believes that Bitcoin is better than the US dollar and gold. Unlike gold or the dollar, Bitcoin has a predictable final value, Wozniak argues that the value of gold will fall when more effective mining methods are invented.

He also noted that the US dollar is, in a sense, "fake" because of centralized control over the creation and use, giving the right to abuse. Wozniak added that he had admired Bitcoin right from the start, the mathematician said he was not interested in the financial part, but instead, he believed in the promise that Bitcoin holds as a currency.

Our top trading bots

Tech Geek also told how difficult it was to buy Bitcoin in the first days after its launch. Comparing Bitcoin with the house, Wozniak said that regardless of how much the price increased or the government imposed taxes on it, the house will still exist as a real and stable asset. Similarly, Bitcoin, it is limited in quantity, and no one can dilute the offer.

Steve Wozniak said that Blockchain technology should expand, and also gave examples of its use in various areas: from financial services to mining. He also touched upon Ethereum, another cryptocurrency based in Blockchain, Wozniak states that Ethereum has opened a whole new world.

After breaching the $20,000 barrier a few days back, Bitcoin, the world’s most popular cryptocurrency with the largest market cap, has generated much buzz and interest in the financial world. As many as two exchanges have set up futures trade on the cryptocurrency, bringing much cheer to the Bitcoin community and investors. Bitcoin’s full potential remains to be seen as the cryptocurrency gains popularity and users by the day.

Information Source: CNBC

Engineer hacks Trezor wallet, recovers $2M in 'lost' crypto
A computer engineer and hardware hacker has revealed how he managed to crack a Trezor One hardware wallet containing more than $2 million in funds.Joe Grand...
3x NBA champion Andre Iguodala becomes the latest athlete to receive salary in crypto
On Monday afternoon, Andre Iguodala, three-time NBA champion and the professional basketball player for the Golden State Warriors, announced via Twitter...
Here’s why Bitcoin traders expect choppy markets for the remainder of 2021
Inflation concerns and a general sense of trepidation about the future of the global economy continue to put a damper on Bitcoin and altcoin prices and...
Metaverse gaming tokens Ethverse and Axie Infinity avoid crypto downtrend
Metaverse gaming tokens Ethverse (ETHV), The Sandbox (SAND), GameSwap (GSWAP), Yield Guild Games (YGG) and Axie Infinity (AXS) are the few cryptocurrencies...
Facebook pilots Novi crypto wallet with Coinbase, Paxos
Social media giant Facebook has tapped Coinbase and Paxos for its forthcoming Novi digital wallet project, which kicked off its pilot testing phase in the...
Do you still compare Bitcoin to the tulip bubble? Stop!
To compare Bitcoin (BTC) to the Dutch tulip bulb bubble is to perpetuate a fallacy. Technology evolves more rapidly than nature, and decentralized networks...
Sri Lanka appoints committee to implement crypto mining and blockchain
Sri Lanka joins the global crypto adoption drive after setting up a committee for exploring and implementing blockchain and crypto mining technologies.A...
XRP price chart 'double bottom' puts next bullish target at $1
Ripple's XRP token could hit $1 in the coming days, according to a classic technical chart setup.Dubbed a "double bottom," the trend reversal indicator...
South Korean crypto exchanges banned from handling coins they issued themselves
The increased regulatory scrutiny that befell South Korea’s cryptocurrency space in recent times appears to have extended to include exchange tokens.Exchange...
‘Largest Bitcoin event in history’ Bitcoin 2021 kicks off in Miami
Bitcoin 2021, the biggest Bitcoin event in history with a sold-out crowd of at least 12,000 attendees in Miami, is kicking off with some of the world’s...
Michael Saylor says Bitcoin Mining Council required to combat ‘hostile’ narrative
MicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council.The council was formed on May...
XRP Climbs 10% In Rally
Investing.com - XRP was trading at $0.92883 by 07:43 (11:43 GMT) on the Investing.com Index on Tuesday, up 10.14% on the day. It was the largest one-day...
EOS Falls 10% In Rout
Investing.com - EOS was trading at $10.3383 by 12:33 (16:33 GMT) on the Investing.com Index on Saturday, down 10.01% on the day. It was the largest one-day...
ETH price regains $4K as possible Ethereum 2.0 ‘full validator’ count hits 17-month low
The number of Ethereum addresses that hold more than or equal to 32 Ether (ETH) has been declining, pointing at a possible lack of interest among traders...
Steven Seagal & Founders of Bitcoiin Abandoned the Project After ICO
The news concerning leery Bitcoiin, known as Bitcoiin2Gen, does not stop wondering the crypto-ecosystem. Not long ago the dubious coin, endorsed by the...