Steve Wozniak Believes Bitcoin is Better than Gold and US Dollar

· 24 Jan 2018 in Crypto News, Home

It seems that Bitcoin its gaining support from different important figures in the technological world. Steve Wozniak, Apple Inc co-founder, commented during an informal interview with the CNBC that Bitcoin is a better store of value than gold or the United States Dollar. Unlike others, he commented about all what he thinks about cryptocurrencies and Bitcoin itself.

Bitcoin Gains Support

The information was given in the context of a conference about the future of payments and currencies. According to him, the US Dollar and Gold do not have a predictable finite supply, one of the major differences with Bitcoin. We are sure that there will never be more than 21 million Bitcoins. Furthermore, he said that the US Dollars is a centralized currency and that it can lead to abuse.

In addition to it, he commented that he is interested not in the financial part of it, but instead, in the promise of Bitcoin as a currency. He linked Bitcoin with a home and how states and governments can do everything to tax it and regulate it. Bitcoin will always be there, like a home, as a real and stable asset.

The other topic he touched about bitcoin was about the technology behind it, the Blockchain. Apple’s co-founder stated that blockchain technology could be used for financial services or mining. He has also said that tainted gold or criminal sources can be track using blockchain. He has also expressed that Ethereum opens a new world for developers to design new apps. He finished saying that there are several other cryptocurrencies that deserve to be taken into account when investing.

Bitcoin grew exponentially during the last month of 2017. It reached an all time high of $20,000 dollars after plummeting down to $9,000 dollars in some exchanges. The parabolic rise that its price experienced has called the attention of several investors and institutions. At the moment, the CME and the CBOE are operating Bitcoin futures contracts. Even Nasdaq is ready to launch Bitcoin futures with more potential than the other two markets.

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