Steve Wozniak, who co-founded the $3 trillion company Apple with Steve Jobs, told Insider bitcoin and cryptocurrencies talked about.
“Cryptocurrencies in general are not reliable”
Steve Wozniak has been known to be a long-time Metaverse fan. Despite this, the famous name is not convinced about the benefits of NFTs and cryptocurrencies.
Wozniak said such assets are often unreliable and have a record of being “fraud”:
“A lot of cryptocurrencies are coming into the market these days. Everyone has their own method of creating a crypto, plus a famous star to advertise it. To me, all this is aimed at raising money from people who want to invest in projects at a very early stage, when they are still worth a penny.”
According to Wozniak, the reason people buy these coins is because they are blinded by the idea of potentially making a big unexpected profit.
“Bitcoin is Mathematically Pure Gold”
However, Wozniak also talked about the rest of the cryptocurrency market. The famous name said that there are several major cryptocurrencies that can be considered economically for an economic strategy, but the only crypto money that can be systematically described as “pure gold” is Bitcoin.
Despite this, Wozniak said in his statement in October that states would eventually want to ban Bitcoin. However, Wozniak explained that he thinks BTC is mathematically pure and that another BTC will never be created.
*Not investment advice.