July 10, 2023 7:46 AM | 1 min read
Apple Inc co-founder Steve Wozniak, in 2022 called Bitcoin (CRYPTO: BTC) the “only cryptocurrency that’s pure-gold mathematics.”
What Happened: In an interview with Business Insider on March 5, 2022, he praised the underlying technology and intricate calculations that make Bitcoin the most well-known cryptocurrency.
Wozniak, who played a pivotal role in the early days of personal computing alongside Steve Jobs, has consistently recognized the technical merits of Bitcoin and referred to it as “the most amazing mathematical miracle” even during a previous tech conference.
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Why It Matters: However, while Wozniak remains an avid supporter of Bitcoin, he expressed caution regarding other cryptocurrencies and non-fungible tokens (NFTs).
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He raised concerns about the new crypto projects and NFTs entering the market, suggesting that there could be potential scams and “ripoffs” orchestrated by unscrupulous individuals.
If you had invested $100 in Bitcoin today and its value reached levels when Wozniak acclaimed it as the “only cryptocurrency that’s pure-gold mathematics,” your investment would now have generated a 30% profit. This would bring your total investment to $130.
On the day Wozniak made the comment, BTC was trading at $39,394.
Price Action: At the time of writing, BTC was trading at $30,114, down 0.19%, in the last 24 hours, as per data from Benzinga Pro.
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