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- Apple co-founder Steve Wozniak favors BTC over NFTs because of security issues.
- He criticizes the rampant fraudulent schemes within the crypto and NFT markets.
- Wozniak expressed confidence about BTC surging to $100,000.
Tech icon and Apple co-founder Steve Wozniak has argued that Bitcoin is a safer asset class in comparison with different digital property, akin to non-fungible tokens (NFTs). Wozniak shared this sentiment in a podcast, spotlighted lately by the X account Documenting Bitcoin.
Through the dialogue, the host sought his opinion concerning the future dominance of cryptocurrencies over fiat currencies. In response, Wozniak highlighted the enduring nature of conventional monetary techniques rooted in human historical past, noting the unlikelihood of crypto taking up fully from fiat.
On this premise, Wozniak expressed issues concerning the rampant exploitation pattern throughout the crypto house. He highlighted the proliferation of scams and fraudulent schemes within the cryptocurrency and NFT markets concentrating on unsuspecting traders.
He talked about quite a few situations of people being duped by opportunistic founders, who usually use superstar endorsements to lure individuals. One cited case concerned Kim Kardashian, a distinguished superstar who promoted EMAX tokens, in opposition to whom the U.S. has filed costs.
Nevertheless, the Apple co-founder reserved reward for Bitcoin. He said that Bitcoin is secure in comparison with the broader market, the place rip-offs abound. He hailed it because the “huge elephant on the block” and a beacon of stability.
Wozniak attributed Bitcoin’s resilience to its established presence and conservative attraction, likening it to a cornerstone of funding prudence.
In the meantime, he expressed reservations about speculative funding generally. But Wozniak admitted to dabbling in Bitcoin throughout its nascent levels. He famous that he was primarily pushed by a curiosity to discover the mechanics of digital transactions.
He averted utilizing Bitcoin purely as a way of producing revenue. Nonetheless, Wozniak expressed confidence about BTC surging to $100,000.
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