Apple co-founder says many cryptocurrencies are ‘rip-offs’ but only one is ‘pure gold’

Apple Inc. AAPL co founder Steve Wozniak have described Bitcoin BTC/USD As the only cryptocurrency that is “pure-gold math”.

What happened: Wozniak commented on bitcoin in a Interview with Business Insider in March 2022, saying that many cryptocurrencies are untrustworthy and have a track record of being “rip-offs”.

‚ÄúThere are a lot of cryptocurrencies coming out now; Business Insider quoted Wozniak as saying, “Everyone has a way of creating a new one, and you have a celebrity star with it.”

In the interview, the tech entrepreneur also suggested that people often buy cryptocurrencies because they are blinded by the potential pitfalls.

See also: How to buy bitcoin (BTC)

why it matters: Wozniak has already praised bitcoin. In July 2021, he called It is the “most amazing mathematical marvel” and said the top cryptocurrency was better than gold because of its verifiable digital scarcity.

In an interview with Yahoo Finance last November, Wozniak Said He expects the hard-to-trace nature of cryptocurrencies to be a potential barrier to mass adoption.

wozniak had launched its own cryptocurrency called Attempt WOZX/USD In December 2020.

Apple CEO Tim Cook exposure He personally owned the cryptocurrency in November last year, but the Cupertino-based company won’t be investing in cryptocurrencies anytime soon.

Read further: Exclusive: Sam Bankman-Fried responds to Benzinga on SEC ‘special treatment’ conspiracy allegations

This article was originally published on March 7, 2022.

Photo: Gage Skidmore on Flickr

Source link

Leave a Comment