Apple co-founder and veteran developer, Steve Wozniak has stated that “only bitcoin is a pure digital gold.” He said this on Monday during an interview with CNBC while he also concurred with Jack Dorsey’s comment on the cryptocurrency.
Wozniak spoke to CNBC at the Money20/20 conference currently holding at Amsterdam. He maintains that he is not a bitcoin investor while explaining that he only bought bitcoin at $700 to test it as a means of payment and that there is a uniqueness in bitcoin when compared to other cryptocurrencies, Wozniak also revealed that he presently owns one bitcoin and two ether. He said that:
“Only Bitcoin is pure digital gold, and I totally buy into that. All the others tend to give up some of the aspects of Bitcoin. For example, being totally decentralized and having no central control. That’s the first one they have to give up to try to have a business model.”
A Single Global Currency In the Future
The CEO of Twitter, Jack Dorsey had previously aired his view on bitcoin, and he believes that the crypto-coin will become the only currency worldwide in the future. Wozniak told CNBC on Monday that “I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way, that is so pure thinking.”
This is not the first time Steve Wozniak will publicly comment about bitcoin and cryptocurrencies, as he recently made positive comments about the cryptocurrency and blockchain technology in May. He explained that he looks forward to virtual currencies and blockchain technology because of their numerous applications in solving various challenges faced by financial institutions and industries all over the world if adequately explored.
In February, he talked about how he lost seven bitcoins to a scammer who used a stolen credit card and canceled the credit card payment.
“I had seven bitcoins stolen from me through fraud, somebody bought them from me online through a credit card, and they canceled the credit card payment. It was that easy. And it was from a stolen credit card number so you can never get it back.” Wozniak commented to CNBC.
Digital currencies are edging closer to international currencies, both in popularity and in use. Cryptocurrencies like bitcoin (BTC), ethereum (ETH), Litecoin (LTC), bitcoin cash (BCH) have been adopted by various merchants and platforms, and they are used as a medium of exchange. Many stores now accept bitcoin and others as a mode payment.