Top Apple Co-Founder Calls Bitcoin “Pure Gold” Trends This Year.
In a recent interview with Business Insider, Apple co-founder Steve Wozniak praised Bitcoin, describing the largest cryptocurrency as "pure-gold mathematics."
Having said that, the legendary electronics engineer and computer programmer has a much less favorable view of the cryptocurrency industry as a whole. In the aforementioned interview, he claimed that many cryptocurrency projects are "rip-offs" due to the sheer number of cryptocurrencies being created on a daily basis.
According to Wozniak, token creators try to entice buyers with celebrity endorsements:
There's so many cryptocurrencies that come out now; everybody has a way to create a new one, and you have a celebrity star with it. It seems like they're just collecting a bunch of money from people who want to invest at the very earliest stage, when it's worth pennies.
At the same time, he urged investors to approach startup founders with optimism because finding another Apple is difficult:
They might be another Apple, and you can't see it yet. There's no way to calculate it in a spreadsheet.
According to Business Insider, Wozniak referred to Bitcoin as "the most amazing mathematical miracle" in a recent interview with Forbes Mexico.
However, in October, he predicted that governments would eventually ban Bitcoin:
Trouble is that the government will never allow it to be out of their control. If it got to the point that everything was being done with crypto and it didn’t pass through governments for observation and taxation and all that...governments would just disallow it.
DISCLAIMER
The author's or anyone else's views or opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading in crypto assets carries a financial risk.
IMAGE CREDIT
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