Steve Wozniak, an American electronics engineer and philanthropist also one of Apple’s inventors says he believes in the future of Bitcoin though he personally does not have an investment in it.
In a recent presentation at the Talent Land Jalisco, Mexico, Stephen Wozniak, co-founder of the multinational computer giant Apple, expressed his support for digital assets, particularly bitcoin.
The engineer, who goes by the moniker “Woz,” called Bitcoin the world’s most valuable cryptocurrency a “mathematical marvel.”
As a store of value, gold, in his perspective, lags behind the virtual asset. The precious metal, according to Wozniak, may provide issues owing to its physical shape, whereas bitcoin is considerably more accessible:
“Gold is limited and you have to look for it. Bitcoin is the most amazing mathematical miracle. I do not invest in Bitcoin, but I believe it’s here to stay.”
Nonetheless, Apple’s co-founder admitted that he does not invest in bitcoin directly. He, on the other hand, feels that the asset’s fiat currency worth and influence will rise in the future.
As a result, Wozniak has joined other well-known figures in expressing a similar viewpoint on the gold vs. bitcoin argument.
Many industry players and analysts have referred to Bitcoin as the “digital gold,” as both gold and Bitcoin have a limited supply, thus potentially retaining value on the market.
While gold is limited by physical supply and the difficulty of extraction, Bitcoin mining is capped at 21 million coins by its source code, meaning that there will be no single new Bitcoin once the last coin is mined in 2140.
MicroStrategy’s Michael Saylor and SkyBridge Capital’s Anthony Scaramucci are also among others who have recently stated that bitcoin is superior to gold.