Apple Co-Founder Steve Wozniak on Bitcoin: ‘We’ve Seen Massive Value Creation’

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Apple co-founder Steve Wozniak declared that he thinks “we’ve seen massive value creation” when asked about Bitcoin’s (BTC) potential in an interview with Bloomberg published on Feb. 26.

When Bloomberg asked Wozniak if he still expects Bitcoin to become the world’s currency in the future — an idea he expressed in June last year — after “we’ve seen massive value destruction in Bitcoin,” the entrepreneur countered:

“I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.”

Apple’s co-founder then argued that oftentimes psychology drives market dips, with fear in part determining price. Wozniak clarified that he was not interested in Bitcoin “as an investor” and that he “only had Bitcoin to experiment with,” clarifying that he had used the crypto as a form of payment.

Wozniak also noted that he had sold all of his Bitcoin “when it went up high,” reiterating what he had said last January:

“I don’t want to be one of those people watching the price of Bitcoin, so I sold out.”

The engineer added that he has never invested in any stocks nor used the Apple stock app.

As Cointelegraph reported in October last year, Steve Wozniak has been announced as a co-founder of  blockchain-focused venture capital fund, EQUI Global.

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ohn "John D" Donovan is the dynamic Tech Editor of News Bytes, an authoritative source for the rapidly evolving world of cryptocurrency and blockchain technology. Born in Silicon Valley, California, John's fascination with digital currencies took root during his graduate studies in Information Systems at the University of California, Berkeley.

Upon earning his master's degree, John delved into the frontier of cryptocurrency, drawn by its disruptive potential in the realm of finance.
John's unwavering dedication to illuminating journalism, his deep comprehension of the crypto and blockchain space, and his drive to make these topics approachable for everyone make him a key part of Cryptosphere's mission and an authoritative source for its globally diverse readership.

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