From Steve Wozniak’s take on Bitcoin to new adoption for Ethereum and XRP, here’s a look at some of the stories breaking in the world of crypto.
Apple co-founder Steve Wozniak says Bitcoin has created a massive amount of value. In a new interview, Bloomberg’s Yousef Gamal El-Din asks Wozniak about Bitcoin, saying “We’ve seen massive value destruction in Bitcoin. Are you still a believer in that? Is that still a workable model for you?” In response, Wozniak rejected the premise, saying Bitcoin has created massive value.
“I’m not sure I can buy that we’ve seen massive value destruction. I think we’ve seen massive value creation.
There was a period of time – psychology will often drive stock market dips, like ‘Oh my gosh, gotta get out now!’ The psychology factor’s kind of a fear thing. And there was this idea that Bitcoin might go up to $40,000 and it went up to $20,000.”
Wozniak says he only bought Bitcoin to test out the technology, and decided to sell during the last bull run.
“I had a lot of Bitcoin, but never as an investor. I only had Bitcoin to experiment with and find out how to buy and sell things around the world, how to travel and find restaurants that would accept Bitcoin. That sort of thing.
And so when it went up high I said woah, wait a minute. I do not want to be one of these people – I don’t invest in stocks, I’ve never used Apple’s stock app. I don’t want to be one of these people watching the price of Bitcoin, so I sold out. And I don’t know where it is now,