Apple's co-founder Steve Wozniak backed Bitcoin, saying that encryption could become a better financial value standard against gold or US dollars. Wozniak said Bitcoin is a better financial value than the dollar and gold because it is limited.

Apple's co-founder Steve Wozniak, thinks that Bitcoin is a better standard than gold and American dollars in a CNBC interview with Deirdre Bosa's 20/20 Money event in Las Vegas. The difference he explained was that Bitcoin came in a limited supply and that only 21 million mines would be extracted. Unlike the US dollar or the price currency, Bitcoin can not be reprinted according to the vagaries of effective bankers. On the other hand, nobody knows how much gold is and can be gold anytime. Gold, Wozniak, is "a little fake" in this sense, and Bitcoin is more "genuine and true".

Bitcoin prices are rising steadily rising from a high of $ 6,200 for the first time a few days ago. Prices are now fixed at around $ 5,800. We can expect Bitcoin to continue to show real potential. It is the reason why experts like Wozniak see this cryptocracy as a standard of financial value.

Wozniak said Bitcoin will always be in a limited number, so it will not be possible to play with global significance, and the gold will change with the discovery of a mine. "There are probably a limited number of gold in the world, but crypto currencies are much more mathematical, and no one can change mathematics," Wozniak said. said.

The main issue that Steve Wozniak is talking about is that it's easier to control under Bitcoin. Wozniak reconciled Bitcoin with being a host and said, "Your house is worth one day." If your price goes up 40 years from now and the state starts to ask for more taxes, your home will still be a value. said.

Governments and regulators continue to "experiment" in the growing crypto market in the light of all perceived fluctuations. Some have taken tougher precautions by completely banning cryptocurrency. Bitcoin is still going on and experts predict that its value will increase dramatically over the next few months.

Source : 1

Image Source : 1 2