Apple co-founder Steve Wozniak is not a crypto investor, but praised bitcoin for its “massive value creation.” He also trashed Facebook CEO Mark Zuckerberg, saying he lost respect for the billionaire amid the social media monopoly’s epic data-breach scandal.
Wozniak made the bombshell remarks in a February 26 interview with Bloomberg (see video below, starting at 4:08).
Woz: Bitcoin Created Huge Value, Despite Bear Market
When asked if he still believes that bitcoin will emerge as the world’s single currency despite the Crypto Winter, Woz says remains a bitcoin bull.
“I’m not sure I buy that we’ve seen ‘massive value destruction.’ I think we’ve seen massive value creation.”
In June 2018, Wozniak said he wants bitcoin to emerge as the world’s single currency. At the time, Wozniak said he was attracted to the “pure” idea that people from all around the world could share a single currency despite being geographically dispersed.
“I buy into what Jack Dorsey says. It’s not that I necessarily believe it’s going to happen, but I want it to be that way. That is so pure thinking.”
Woz echoed the sentiments of Twitter billionaire Jack Dorsey, who believes the original cryptocurrency will supplant all other currencies within the next decade.
Sold Bitcoin Holdings During Bull Market
Despite Wozniak’s pro-crypto stance, he no longer owns any bitcoin. Woz — whose net worth tops $100 million — said he once held “a lot bitcoin,” but only to experiment with it, not to make money from it as an investor.
When the bitcoin price soared to record highs during the 2017 bull market, Wozniak sold it all. Why? Because he didn’t want to be one of those anguished crypto traders who wring their hands every time the price fluctuates.