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Home Crypto News

“Bitcoin is a miracle and it’s better than gold”

July 9, 2021
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Steve Wozniak claims to have dumped all Bitcoin at $20,000 20.000

Apple co-founder Steve Wozniak has just reiterated his optimistic stance on Bitcoin (BTC) even even though he is not an investor in the greatest cryptocurrency himself.

A major supporter of Bitcoin who as soon as named BTC “the only digital gold,” Wozniak described Bitcoin as a “miracle of technology” and a “unique mathematical formula” at Talent Land Digital. 2021, a main virtual occasion in Latin America about engineering and innovation.

According to the regional newspaper El Sol de Mexico reported on July 9, the Apple co-founder also claimed Bitcoin is far better than gold, implying that Bitcoin mining is less difficult than obtaining and mining gold:

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“Gold is constrained and you have to seem for it. Bitcoin is the greatest mathematical miracle. I will not invest in Bitcoin, but I think it will not go away.”

Many analysts and business gamers have referred to Bitcoin as “digital gold,” as each gold and Bitcoin have a finite provide, so possibly holding worth in the industry. While gold is constrained by bodily provide and tough to mine, Bitcoin mining is constrained to 21 million coins in accordance to its supply code, which signifies that no new Bitcoins will be produced just after the coin is launched. The similar coin was unearthed in 2140.

Wozniak’s remarks come shortly just after Ricardo Salinas Pliego, the third-richest individual in Mexico, declared that it is “absolutely correct” to deal with Bitcoin as gold. “That is absolutely true, Bitcoin is the new gold, but much more portable, it is much easier to transport Bitcoin than if you have gold bars in your pocket,” stated the billionaire businessman.

Wozniak has previously created very similar remarks about Bitcoin, stating that “only Bitcoin is pure digital gold” in June 2018. The tech professional emphasized that he concurs with the remarks. comment from Twitter CEO Jack Dorsey, who has repeatedly argued that Bitcoin will emerge as the only currency of the Internet.

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