In brief
- Bitcoin has a big supporter: Steve Wozniak.
- He said that while he doesn't invest in Bitcoin, he is a big believer in the cryptocurrency.
Apple co-founder Steve Wozniak is a big believer in Bitcoin.
“I do not invest in Bitcoin, but I believe in it for the future,” Wozniak said during a presentation at Talent Land Jalisco, a conference for tech entrepreneurs that took place this week, reported Mexican outlet El Sol de Mexico.
Wozniak added that Bitcoin is more appealing than gold. “Gold is limited and you have to look for it; Bitcoin is the most amazing mathematical miracle,” he said.
Wozniak also said that the future of technology looks more promising than before due to the talent of young people in tech.
Wozniak’s prior crypto ventures
Wozniak has a cryptocurrency of his own.
The Efforce crypto token, which trades under the ticker WOZX, hit an all-time high in December of last year when it reached $3.15. With a market cap of $78 million, it sits 315th among all cryptocurrencies by market cap.
Efforce, a blockchain-based product, allows people to invest in “energy efficiency projects,” according to its website.
Bitcoin’s growing popularity
Wozniak joins a growing list of high-profile names in finance and tech that have joined the Bitcoin bandwagon.
After software company MicroStrategy first announced Bitcoin investments in August and September of last year, a wave of prominent investors poured into Bitcoin.
These include billionaire investor Stanley Druckenmiller and former White House communications director, Anthony Scaramucci. Speaking to Decrypt in March, Scaramucci—who co-founded Skybridge Capital—said he was “singularly focused” on Bitcoin. “I’m with the big dog,” he added.
Since then, Skybridge Capital has announced that it will launch a private Etheruem fund, but Scaramucci remains bullish on Bitcoin. He believes that this will be the year the SEC will approve a Bitcoin exchange-traded fund (ETF).
In addition, Twitter CEO Jack Dorsey has been one of Bitcoin’s most well-known long-term fans.
Others like Tesla CEO Elon Musk are deeply intrigued by Bitcoin but have also criticized the flagship cryptocurrency’s impact on the environment.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.