Bitcoin a Safe Asset to Invest Rather Than Others- Steve Wozniak

Steve Wozniak, the co-founder of Apple, has shared his valuable views on Bitcoin, terming it as the safer asset to invest in compared to several other available digital assets, including non-fungible tokens (NFTs) and others.  

He expressed his views on Bitcoin and digital assets during a conversation with Documenting Bitcoin; Steve discussed the future of cryptocurrencies and expressed concerns about rampant exploitation trends within the crypto industry. 

An available data source over Google states that Woznia’s net worth is over $140 Million. At the time, he was one of the largest shareholders of Apple, but he sold most of them for Millions. 

He also discussed the proliferation of scams and frauds in the crypto and NFT industry. Wozniak cited instances where opportunistic founders used celebrity endorsements, such as Kim Kardashian’s promotion of EMAX tokens, to lure people into potentially risky investments. The U.S. has even filed charges against Kardashian concerning her involvement with EMAX tokens.

Apple’s co-founder praised Bitcoin, terming it a “big elephant on the block” and a beacon of stability. Wozniak expressed confidence in Bitcoin’s potential, suggesting it could surge to $100K.

Wozniak’s perspective suggests that while cryptocurrencies have achieved popularity and acceptance, they may coexist with fiat currencies rather than completely supplanting them.

Crypto Market and Bitcoin Price Update 

Vast Bank, a US-based bank that entered the crypto sector in 2021, has announced its plan to take its crypto application down the internet. The bank was offering its crypto services with the support of Coinbase and SAP, a firm based in Germany. 

The data available on TradingView states that the capitalization of the entire crypto market has surged over 20% in the past three months. When writing, the market cap was $1.599 Trillion; it added over $4.5 Billion in the past 24 hours. 

Bitcoin, the pioneer of the crypto market, has faced a rejection of 1.25% intraday and as of writing, it was trading at $42,853. Despite the decline in price, the trading volume of the token reflected a growth of 20%.

Ethereum Name Service (ENS) grew over 20% in the past 24 hours, counting among the leading intraday gainers, followed by Hedera, Pendle, and Optimism. Monera’s price fell the most and was high on the list of intraday losers. BTC continues to maintain its dominant position.

Disclaimer

The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss. 

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.