Bitcoin, Cryptocurrency And Blockchain News

Steve Wozniak Wants Bitcoin to Become A Global Currency


Apple co-founder Steve Wozniak has echoed the words of Twitter founder Jack Dorsey today, saying that he hopes that Bitcoin will become a single, global currency. He told CNBC:

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. 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.

Wozniack himself has previously invested in Bitcoin – buying at around $700, although he has since sold all but one of his supply, stating that his interests lie in the technology rather than the investment opportunity.

Fixed Supply

Wozniack’s belief that Bitcoin is such a great candidate for being a single currency is founded on the idea that it is a limited supply – and that nothing can ever be done to artificially inflate it because of this. This, he feels, is the issue with fiat currency and with gold – the resource that Bitcoin is so often compared to. He said:

Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but cryptocurrency is even more mathematical and regulated and nobody can change mathematics.

Do you agree with Wozniak and Dorsey, or are you more of a Warren Buffet? Let us know your thoughts.