Wozniak on the Path of Bitcoin Maximalism

Apple co-founder Steve Wozniak seems to be on the path of Bitcoin maximalism. Over the years, his views on the number one cryptocurrency seem to have become more favorable. Despite falling victim to fraudsters in the space and having only one Bitcoin left, the man affectionately called “Woz” is declaring his belief in the potential of Satoshi Nakamoto’s creation. By so doing, Wozniak is becoming part of a select group of notable figures in business and finance who think Bitcoin is the next big thing.

Woz believes in Bitcoin as the Single Global Currency

Wozniak doesn’t only support Bitcoin as a laudable innovation but as a potential unified global currency of the future. Such beliefs firmly put him among the ranks of Bitcoin maximalists. Speaking recently to CNBC, Wozniak said:

“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.”

Jack Dorsey, the Twitter CEO, had in March 2017 predicted that Bitcoin could be the single digital currency of the internet. Dorsey is himself another big believer in Bitcoin. He is also the CEO of payment behemoth, Square, which also offers Bitcoin trading products.

In Wozniak’s view, Bitcoin can go even further than being a digital currency used only in the web environment. He predicts that the number one cryptocurrency can become the payment standard for domestic and international commerce. Elaborating on his convictions, Wozniak said:

“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.”

According to Wozniak, the decentralized nature of Bitcoin means that it is immune to human manipulation.

Bitcoin is Better than Gold

While these beliefs that Wozniak has expressed are profound in themselves, it isn’t at all surprising considering his recent remarks about Bitcoin. In October 2017, he declared that Bitcoin was better than gold. He identified the fixed supply and the mathematical protocols that define its operations as being more advanced than other asset classes. He went on to say:

“There is a certain amount of Bitcoin that can ever exist. 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.”

Woz first came into contact with Bitcoin back when its price was in the $700 region. He bought some Bitcoins at the time, but he has since sold all but one. He admitted to being wearied by the constant price fluctuation. In March 2013, he revealed that he had been a victim of Bitcoin fraudsters who duped him of seven Bitcoins. At the time, the coins were worth $77,000. Despite this, Wozniak is not deterred in his enthusiasm about the potential of Bitcoin.

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