On October 29th, in an interview with Yahoo Finance, Apple co-founder Steve Wozniak shared his thoughts on Bitcoin. Wozniak said Bitcoin is “mathematics, mathematical purity.”
In the interview, the computer programmer and scientist spoke highly of BTC. He also went on to draw parallels between the cryptocurrency and the US monetary system.
Bitcoin is Unique and Impossible to Copy
Apple’s co-founder, Wozniak, compared the US’ legal tender to BTC. While speaking in his interview, he mentioned that, unlike dollars that can be created or borrowed, “another Bitcoin can never be created.”
Wozniak described BTC as “mathematical purity.” He added that Bitcoin is embedded with computer programming, math, science, and logic, unlike the US Dollar system that feels artificial.
The programmer who is behind the first Apple computer also mentioned that Bitcoin could retain a level of predictability that the US dollar can’t. He went ahead to explain that a single entity does not control BTC, adding that it is “mathematically pure,” unlike the dollar. Wozniak said that regulators could easily create new paper bills whenever.
Steve Wozniak, however, disagrees with the anonymity surrounding crypto. He questioned the need for privacy sharing that an individual should be able to say they made that particular transaction.
The programmer also shared that he’s a firm believer in using crypto as payments despite their volatility. There has been a significant increase in the acceptance of crypto as payment. Educational institutions are even catching on the trend.
More on Steve Wozniak
Steve Wozniak’s Space Ambitions
Wozniak, known by some as ‘Woz,’ follows the efforts of Jeff Bezos, Elon Musk, and Richard Branson to open up space tourism to private players. Wozniak shared in September that he is setting up a private space company alongside Alex Fielding, Ripcord’s co-founder.
The company, Privateer Space, is to be “unlike the others.” The company’s mission is to make apache accessible to all mankind.
Wozniak also owns another company, Efforce. The energy efficiency company received an initial valuation of $80M. Additionally, it had a market cap of $950M within the first 13 minutes of its listing.
The Week That Has Been for Bitcoin
This week has been quite eventful for BTC. On Monday, Musk tweeted that he still owns Bitcoin. This tweet, of course, had an impact on the currency’s value. The Monday launch of the VanEck BTC ETF was delayed. Twitter also announced the testing of BTC tipping on Android.
On Wednesday, the third last Bitcoin whale added 105 BTC to their holdings. On Thursday, El Salvador shared that they had bought the dip. This new purchase brings the total number of Bitcoin held by the South American nation to 1.120 BTC.
Still, on Thursday, Wharton became the first Ivy League school to announce the acceptance of BTC for tuition payment. India canceled any BTC banning plans. On Friday, the Australian Securities and Investment Commission gave BTC ETFs the green light.
At the time of this article’s writing, BTC is worth $61,585.65. This price is 7.96% lower than its all-time high of $66,909.15.