In a recent interview, Apple co-founder Steve Wozniak praises the leading crypto Bitcoin and describes it as ‘pure gold mathematics’. On the other hand, he thinks that many cryptocurrencies are fraudulent. For details cryptocoin.com keep reading.
Steve Wozniak: Many altcoin projects ‘robbery’
However, the legendary electronics engineer and computer programmer lacks the positive sentiment he has for Bitcoin about the wider cryptocurrency industry. In the interview we mentioned, Steve Wozniak claims that many altcoin projects are “robbery” and draws attention to the large number of cryptocurrencies being created on a daily basis.
Steve Wozniak also touches on something we know from Elon Musk’s polishing of a meme coin, Dogecoin (DOGE). The co-founder of Apple says that token creators are trying to lure buyers with celebrity endorsements, and makes the following statement with a hint of ponzi:
There are numerous cryptocurrencies emerging right now. Anyone can create a new one and have a famous star with it. Apparently, at the earliest stage, they’re raising a lot of money from people who want to invest while it’s worth a penny.
Steve Wozniak also urges investors to be optimistic about the startup founders, as it’s hard to spot another Apple:
They could be another Apple and you just can’t see it yet. There is no way to calculate this in a spreadsheet.
Steve Wozniak thinks governments will ban Bitcoin (BTC)
cryptocoin.com As we mentioned in his news, Steve Wozniak also described Bitcoin (BTC) as “the most amazing mathematical miracle” in his last interview with Forbes Mexico. However, the legendary name also reminded of a danger that awaits the crypto market last October and predicted that governments would ban Bitcoin. Steve Wozniak explained the issue as follows:
The problem is, governments will never let it get out of their control. If it got to a point where everything was done with crypto and it didn’t go through governments for surveillance and taxation…governments wouldn’t allow it.
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