The co-founder of Apple, Steve Wozniak, hasn’t been part of our cryptocurrency news section for a while. However, it appears that ‘The Woz’ is back and this time, he feels optimistic about the rise of Bitcoin.
As he said, BTC has a “massive value creation” all while thrashing Facebook’s CEO Mark Zuckerberg and stating that he lost respect for him amid the social media monopoly’s epic data-breach scandal.
In an interview with Bloomberg, Wozniak made a lot of remarks. What is important for the market is that ‘The Woz’ believes in it. More specifically, he said that Bitcoin will one day emerge as the world’s single currency and even despite the ongoing crypto winter.
“I’m not sure I buy that we’ve seen ‘massive value destruction.’ I think we’ve seen massive value creation,” Wozniak said.
He also echoed the sentiments of Jack Dorsey (Twitter CEO and billionaire) who recently said that Bitcoin is an original cryptocurrency that will supplant all other currencies in the next decade or so.
“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,” the PayPal co-founder said.
Wozniak is known for selling his entire BTC savings during the 2017 bull market. As he explained, he didn’t want to be one of the anguished crypto traders who wring their hands every time the price goes up or down. He said:
“When it went up high, I didn’t want to be one of those people [obsessively] watching the bitcoin price, so I sold out. I don’t know where it is now, but it’s way over what I bought it at.”
He concluded with a statement in which he says that “he lost respect for Mark Zuckerberg and watching him speak” and pointed to some of the steps that he made and according to Woz, “are nothing.”
“I don’t trust that,” Wozniak concluded.
You can watch the full interview here:
Bitcoin Trademark Has Its Origins From The Escobar Family
“To avoid abandonment of applicant’s trademark application, the USPTO must receive applicant’s complete response to this letter within 6 months of the issue/mailing date below.”There was not a single reply so Craig Wright declared himself as the real Satoshi Nakamoto. Coin Legal Ltd’s original claim on bitcoin noted:
“Financial services, namely, providing a virtual currency for use by members of an on-line community via a global computer network.”Wright claim goes further:
“Cryptocurrency, namely, providing a digital currency or digital token for use by members of an on-line community via a global computer network; Cryptocurrency, namely, a digital currency or digital token, incorporating cryptographic protocols, used to operate and build applications and blockchains on a decentralized computer platform and as a method of payment for goods and services.”
Bitcoin Will Disappear: Craig Wright’s Hot New Manifesto
‘’I designed Bitcoin to be a system that worked within the rules. Bitcoin needs to act within the rules. If it doesn’t, then the exchange and systems that allow people to use bitcoin act to stop it being widely used and disseminated and criminalise all of those in the system.’’He also noted that every other monetary system such as BTC seeks to operate outside the rules, it becomes an outlaw system. Wright wrote:
‘’The majority of people want rules. They don’t want to fight in a world of uncertainty, and want to know the contract that they have conducted will remain valid not just now, but throughout the term of the exchange-for which we need rules.’’Also, as explained in the latest cryptocurrency news, Wright thinks that crypto exchanges are criminal enterprises and that they are the ones responsible for money laundering. He says that they will go out of business since ‘’crime always fails.’’ He even accused Bitfinex and Binance of lying to their customers because they are not decentralized. Wright explained that this is one of the reasons why bitcoin will disappear since many people tend to use decentralized exchanges so they can hide or launder money.
Stock Market Outperformed By Bitcoin By 10 Times This Year
‘’At this point, a $200 move in the price of Bitcoin could easily lead to a move of $2,000.’’The billionaire venture capitalist Tim Draper, spoke to CNBC and pointed out that the newly established brands which go public such as Uber, aren’t going to experience huge price growths. Instead, he expects that the stock market and its value will increase by 10 to 20 percent. Bitcoin bulls, on the other hand, don’t get a headache for the top-ranked cryptocurrency since BTC has so far remained close to the $8,000 price point despite the recent downturns. Mary Yusko, the Managing Director of Morgan Creek Capital Management, stated in an interview with one of the best cryptocurrency news sites and described BTC as a great investment portfolio diversifier. Many other commentators have stated previously that BTC will constitute at least one percent of every investment portfolio. Yusko also expressed his opinions similar to Pompliano’s saying that BTC is always a better investment than stocks. Back in 2019, Yusko spoke about the potential of the cryptocurrency saying it was the greatest wealth opportunity of our time. Bitcoin’s stock would be a great investment portfolio diversifier that could come into more significant prominence during a market decline. According to Yusko, the Federal Reserve and their comments on slashing interest rates show the awakening of the economic weakness. Central banks across the world are also on considering adding similar monetary policies. The history of price precedence shows that the rate cuts can lead to market weakness as it was in 2001 or 2008. For some people such as the bitcoin bull Max Keiser and Travis Kling, Bitcoin is a hedge against the fallback from the ‘’irresponsible’’ central bank policies.
Bitcoin Bull Max Keiser Predicts Bitcoin Will Reach $100,000
‘’The timing is immaterial. It is still going to outperform every other asset you can possibly imagine owning over the next 5, 10, 15 years. Forget about timing. Timing is for people who think that ‘I’m going to wait and buy it at a better price.’’ That is a bad way to approach crypto. Stack Satoshis!’’The reason why the Bitcoin Bull Max Keiser thinks that bitcoin will beat every other investment category is simple. So this means when an asset rises from $5,000 to $100,000 it is going to beat the returns of every other asset. He also believes that it is a bad idea to attempt timing the bitcoin’s rise. According to him, people should accumulate cryptocurrency rather than waiting for a better entry point. Keiser even recommended that people should not waste time into buying unnecessary gifts but instead should stack Satoshis. It is evident that he is a big-time bitcoin bull. He is also critical of the Federal Reserve and quantitative easing. He noted in the previous altcoin news that the FED’s inclination towards quantitative easing would lead to ‘’ money printing.’’ He also pointed out that the money printing problem can lead to hyperinflation and bitcoin will thrive in an environment like that. His comparison to gold is not the first of the kind. Asset management company Morgan Creek Digital says that the price of the number one asset will hit a stunning $500,000 because it is a better investment than gold. Keiser believes that people should buy and hold BTC because people can enjoy the gains of more than 1,100 percent if the predictions come true.
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