Apple Co-Founder Steve Wozniak: Bitcoin is ‘Mathematical Miracle’

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. 

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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. 

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Stanley Druckenmiller, a billionaire investor who managed George Soros's money back in the 1990s, today sang the praises of Bitcoin. "It could be an asset class that has a lot of attraction as a store of value to both Millennials and to the new West Coast money—and as you know they've got a lot of it," said Druckenmiller. "It's been around for 13 years [actually, 12] and with each passing day it picks up more of its stabilization," he said in an interview with CNBC today. OMG Stan Druckenmiller...

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.