Wozniak, co-founder of Apple, made a profit of 2,800% on bitcoins (BTC)

Purchased at $ 700, solid at $ 20,000 – The history of bitcoin from the co-founder of Apple

In mid-2017, at the height of the last blockchain boom, Apple co-founder Steve Wozniak, not to be confused with the late Steve Jobs, revealed that he had bought Bitcoin (BTC) to $ 700 "experiment" with badets and the economy / decentralized sector. While the details of Wozniak's supposed experiments were meager, the industry insider spoke Saturday to explain what has happened since he plunged financially into this nascent sector.

Wozniak, the current chief scientist of Primary Data, explained at the Nordic Business Forum in Stockholm that, when Bitcoin had exceeded the $ 20,000 mark, he had enough to liquidate his holdings (he did not disclose his He was buying more BTC after his initial buy-in of $ 700). In an interview with Seth Godin, Wozniak explained that, when the cryptocurrency market had exploded, he no longer wanted to be "one of those who watch him and care about the number". He joked that he did not want to worry about BTC actively. In fact, he explained that one of his ways to achieve happiness is to alleviate the concerns, and the sale of his badets was part of achieving this goal.

If what Wozniak is saying is correct, and baduming that he only bought BTC at $ 700, the long-time technology entrepreneur earned 2,800% on his business, which was probably opened and closed at the end of the year. a year.

Interestingly, he explained that the principle of Bitcoin as a form of digital payment had not yet become a reality, noting that its purpose was to travel and use only BTC, whether in a hotel or a hotel. restaurant.

Adamant Wozniak that Bitcoin is the digital gold

While he liquidated his cryptocurrency position, which was probably not worth a sum that would change his life, Wozniak praised Bitcoin for being a viable form of digital gold. In an interview with CNBC, previously reported by Ethereum World News, Apple's co-founder said that Bitcoin, a limited, mathematically defined badet, is a "digital gold".

Wozniak is one of many experts who believe that BTC is a viable digital value store. According to our previous reports, Alistair Milne, chief investment officer of Digital Currency Fund, recently approached Twitter to say that Bitcoin had also seen its value proposition become more apparent. Specifically, he noted that Bitcoin investors are now "very aware that the BTC is like trading gold with a leverage multiplied by 100", as well as the fact that the rate of 39, flagship inflation of cryptocurrency would inferior than that of the precious metal. And, as "nobody seems to doubt the usefulness of gold," said Milne, investors should not doubt the potential of BTC, the de facto digital gold.

Despite his apparent lack of "skin in the game", Wozniak has always taken initiatives in this fledgling industry. In August, Woz pointed out that blockchain technologies are like "Internet in its infancy," adding that innovation could be applied to many sectors, including Uber-esque platforms, pathways real estate and simple financial transactions.

Title Image provided by Tian Kuan via Unsplash