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Bitcoin has been at the forefront of the digital currency movement since its inception. While the entire cryptocurrency industry has been anything but stable, some high-profile supporters continue to support the cause.
One of the top industry websites for the cryptocurrency industry is www.cryptocurrencynews.com. In one of the site’s posts last week by Maria Ohle, a very high-profile advocate of Bitcoin was rather bullish in his outlook. Steve Wozniak’s claim to fame is helping to co-found one of the most successful tech companies in the world. In a recent interview with Bloomberg, he gave praise to Bitcoin for the “massive value creation” it has generated.
He also attributed the instability in the marketplace over the past year to fear-mongering and psychology. As co-founder of Apple, he has always spoken highly of Bitcoin as the market leader. He was credited for saying that it would one day become the world’s single currency.
As part of the recent interview, he was asked for his current view in relation to a significant loss of value. Wozniak did not back down from his current bullish stance with the following reply:
“I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation.”
The tech icon added that he had invested in Bitcoin in the past. He likened his investment to an experiment in the coin’s development. It was more for the experience and less about trying to gain a profit or any other typical investment reasons. He explains how he went on to sell his holdings when the price was really high. The reason was, “I don’t want to be one of those people watching the price of Bitcoin, so I sold out.”
He may still be bullish on Bitcoin, but there is still some apprehension about blockchain’s role moving forward. This is described as the technology that ‘underpins the digital asset’. He went on to compare this technology with the dot come bubble of the past. His assertion is that blockchain technology startups will inevitably over-promise and under-deliver the same way the computer industry did back in the ‘90’s.
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