Bitcoin Should Become World’s Single Currency – Apple Co-Founder Steve Wozniak

News | June 5, 2018 By:

Apple co-founder Steve Wozniak said that he is not an investor in bitcoin, but he hopes that the cryptocurrency will one day serve as a global single currency.

During the Money 20/20 conference in Amsterdam, Wozniak was asked about recent comments from Square and Twitter CEO Jack Dorsey, who expressed his belief earlier this year that bitcoin will become a unifying cryptocurrency for every nation within the next 10 years. Wozniak responded by saying that he hopes that vision works out.

“I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way, that is so pure thinking,” said Wozniak.

The Apple co-founder reiterated that he isn’t an investor but rather a supportive technologist. Wozniak bought bitcoin when it was $700, but recently sold most of his holdings after finding that he spent too much time watching price movements.

Wozniak said that while he may not necessarily believe what Dorsey predicted, he still thinks that bitcoin is “pure” and the true equivalent of digital gold.

“Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there’s a way it’s distributed… and it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing… and surviving, that to me says something that is natural and nature is more important than all our human conventions,” he said.

Wozniak aslo said that many other cryptocurrencies lack qualities that make bitcoin special.

“Only bitcoin is pure digital gold… and I totally buy into that,” he said. “All the others tend to give up some of the aspects of bitcoin. For example, being totally decentralized and having no central control. That’s the first one they have to give up to try to have a business model.”