Apple Co-Founder Steve Wozniak isn’t a fan of NFTs or the crypto space, but he’s a fan of Bitcoin
In a recent interview for Business Insider, Wozniak praised Bitcoin’s underlying technology, describing the cryptocurrency as “the only one that’s pure gold math.” The co-founder has long been a fan of the flagship cryptocurrency.
In 2018, he shared the position of the founder of Twitter, Jack Dorsey, on the projection that Bitcoin could become the currency of the internet.
Then the following year, Wozniak expanded on this vision, expressing confidence that Bitcoin could become the world’s new reserve currency. The American businessman, who previously revealed that he once held bitcoins in his personal wallet, has reiterated his positive view on the leading digital asset while keeping a demure distance from the crypto space.
During the most recent meeting, the businessman shared his perspective on various topics, including investment in technology startups and the digital currency environment.
However, the tech giant’s co-founder’s views are less fortunate for non-fungible tokens (NFTs) and the rest of the crypto space. In his appearance this week with Business Insider, Wokniak described digital assets as “so up in the air” pointing to the history of “scams” flooding the oversaturated market.
“There are so many cryptocurrencies coming out now; everyone has a way of creating a new one, and you have a famous star with it. It seems like they’re just collecting a bunch of money from people who want to invest at the earliest stage, when it’s worth pennies, then they just walk away.”
The comments seem to relate to two booming phenomena. For one thing, the ever-widening trend for celebrities and celebrities to launch NFTs, a trend that even former US First Lady Melania Trump has dabbled in. On the other, to an event colloquially known as a “rug pull” in which cryptocurrency platform developers generate immense value from speculation, raise the price, and then walk away, taking the profits with them.
Also during an interview for Yahoo! Finance in October last year, Wozniak had praised Bitcoin for its “mathematical purity” and the fact that it “cannot be easily modified by human control,” unlike the US dollar and other fiat currencies. At the time, he also agreed with the argument that cryptocurrencies “will change the way we do business.”