Apple co-founder Steve Wozniak is said to have renewed his support for Bitcoin, describing it as a mathematical phenomenon. He even went so far as to claim that the dominant cryptocurrency is superior to gold.
In a keynote speech at Talent Land Digital 2021, a major virtual event in Latin America focused on technology and innovation, Steve Wozniak expressed his support for digital assets, primarily bitcoin. According to an article published by El Sol de México on Thursday, the Apple co-founder has also stated that mining Bitcoin blocks are easier than locating and extracting gold:
Gold is limited and you have to look for it. Bitcoin is the most amazing mathematical miracle. I do not invest in Bitcoin, but I believe it’s here to stay
Although, Apple’s co-founder admitted that he does not invest in bitcoin personally. He, on the other hand, feels that the asset’s fiat currency worth and impact will rise in the future.
Bitcoin has been dubbed the “digital gold” by several industry leaders and experts since both gold and Bitcoin have a finite quantity, allowing them to keep value on the market. As a result, Wozniak has joined other well-known figures in expressing a similar viewpoint on the gold vs bitcoin argument. Michael Saylor of MicroStrategy and Anthony Scaramucci of SkyBridge Capital are among them.
Wozniak is a crypto devotee. His crypto ambitions have fueled speculation since 2018 when the software engineer announced on CNBC that he hoped Bitcoin would become a single global currency.
Related: Square reveals plan to make Bitcoin hardware wallet to increase mainstream adoption
However, Wozniak even had a tough time with crypto in July 2020 when he filed a lawsuit against Google’s YouTube for the platform’s indolence over his requests to flag and remove covert bitcoin giveaway videos that used his name as an inducement.
Fake Bitcoin giveaways are a rising concern in the bitcoin business. Scammers set up live broadcasts on YouTube, pretending to be renowned people or corporations, and offer to double any BTC payments sent to their addresses. Needless to say, everyone who falls for such shady schemes does not receive the bitcoin promised
Steve Wozniak allegedly lost his lawsuit against YouTube over a year after filing it. The video-sharing website was protected by federal law, according to the Superior Court of California, County of Santa Clara. Still, after all this struggle his stance on Bitcoin is still positive.
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