It’s not anybody who said it. It’s the co-founder of one of the most successful companies ever, Apple. Steve Wozniak’s assertions at the Money 20/20 conference in Las Vegas were very interesting.
Steve Jobs’ former partner said that, even though Bitcoin is being criticized for its price volatility, it’s more stable than currencies like the US dollar, since Bitcoin has a fixed supply.
“There is a certain finite amount of bitcoin that can ever exist”, said Wozniak. This fact makes bitcoin “more genuine and real” than the dollar, which is “kind of phony” since the U.S. government can issue new units of currency for purely political reasons.
Comparing bitcoin with gold, Wozniak said that, although, there is a fixed supply of gold, continuously-improving technology will enable humans to extract gold from the earth with more and more efficiency, effectively diluting the supply to an extent.
The most famous digital currency continues to collect public followers, as it continues to increase its value.Trade on BTC
NOTE: This article is not an investment advice. Any references to historical price movements or levels is informational and based on external analysis and we do not warranty that any such movements or levels are likely to reoccur in the future.
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