Posted 10 months ago | by Catoshi Nakamoto

Apple co-founder Steve Wozniak believes in the future of Bitcoin describing it as a “mathematical miracle, better than gold.”

AdobeStock 181689502 Apple Co-Founder Steve Wozniak: "Bitcoin Is A Mathematical Miracle, Better Than Gold and Phony Fiat, Like Owning A House"

Wozniak called Bitcoin a mathematical phenomenon and added that it’s better than gold. Woz made the comments during a recent presentation at an event in Talent Land Jalisco, Mexico entitled: “Talent Land Jalisco 2021.”

The presentation was made at a digital summit which saw more than two million attendees dedicated to the development of technology, and innovation.

The American engineer stated in his opinion, gold is incomparable to the number one virtual asset by market cap as a store of value or SOV. Wozniak argued that the precious metal , while Bitcoin is much more accessible:

“Gold is limited and you have to look for it. Bitcoin is the most amazing mathematical miracle.”

Although, while Wozniak is bullish on Bitcoin and its future. He said he’s not a Bitcoin investor. This may be due to being scammed in 2018 for seven Bitcoin and losing everything he had bought to scammers. At the time, the value was $70,000 worth, which today would have been worth $238,000.

Woz admitted to being scammed at the Economic Times of India’s Global Business Summit. Wozniak revealed that he had been scammed out of seven Bitcoin by an online thief posing as a genuine bitcoin buyer.

Speaking at the summit, Wozniak said:

“Somebody bought them from me online through a credit card and they cancelled the credit card payment. And it was from a stolen credit card number so you can never get it back.”

This isn’t the only time that Wozniak has made comments speaking about Bitcoin. Back in 2017, Wozniak stated that Bitcoin is superior to both gold and the “phony” fiat U.S. dollar since there is a finite amount of the cryptocurrency.

Wozniak made the comments at the Money 20/20 conference in Las Vegas, explaining that although Bitcoin is crucified for its price volatility, it is more stable than government-backed fiat currencies such as the U.S. dollar since it has a fixed supply, while fiat currencies can be easily diluted by printing them out of thin air.

“There is a certain finite amount of bitcoin that can ever exist,” the publication cited Wozniak stating. That 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.

Praising Bitcoin’s as a storage of value, he compared it to owning an appreciable asset such as a house:

“Your house has value. And if it is a house today, 40 years from now, it still is a house in value,” he said.

He also took a swing at gold warning that although there is a fixed supply of gold, continuously-improving technology will enable miners to extract more gold which will inevitably dilute the market’s supply to an extent.

“Gold gets mined and mined and mined,” Wozniak said. “Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”

Wozniak stated at the time, that when he first learned about Bitcoin, he admired its mathematical properties but did not understand how the blockchain worked. However, now that he thoroughly understands it, he is a major proponent of both blockchain technology and cryptocurrency.

In addition to Bitcoin, Wozniak noted prior that he sees cryptocurrencies potential exressing that he is excited about smart contracts platforms like Ethereum. He further believes that smart contracts will open up many possibilities allowing for “tens of thousands of software programs” that no one could have imagined before the invention of blockchain which stems from Bitcoin’s own creation.

“There is a lot more to this cryptocurrency than just the Bitcoin,” he stated

Wozniak isn’t just bullish on Bitcoin, hes also now working with the underlying technology blockchain itself on Ethereum.

As Bitboy Crypto previously reported, Wozniak recently launched another company Efforce, a company that promotes investments in energy efficiency projects via its cryptocurrency known as WOZX and blockchain technology. Efforce intends to be a marketplace to allow the means of financing energy efficiency projects by empowering them to receive crowd contributions from investors via its token, WOZX, which was initially listed on HBTC.

Bitcoin is currently trading at [FIAT: $34,006.69] UP +2.0% in the last 24 hours according to Coingecko at the time of this report.

About Catoshi Nakamoto

c6ea0c3794492f30883e516d39b2597a?s=90&d=blank&r=g Apple Co-Founder Steve Wozniak: "Bitcoin Is A Mathematical Miracle, Better Than Gold and Phony Fiat, Like Owning A House"Activist/Journalist, former writer - We Are Change, The Mind Unleashed, Coinivore, others. Currently writing for - Activist Post and Bitboy Crypto. Not Right or Left Apolitical. I Care About Truths (CATS.) Cryptocurrency enthusiast, I mined and lost 100+ BTC in 2010-2011. I work with - Bitboy, SoMee, CEEK, Presearch, and W3BT aka FMW Media Group. Friend of mostly everyone who isn't a dick. Just A Cool Cat.