Bitcoin Is The Safest Bet In Crypto, Says Apple Co-founder

Apple co-founder Steve Wozniak has praised Bitcoin as a safe and stable asset class in the volatile and risky crypto market. In a recent podcast, which was shared by the X account Documenting Bitcoin, Wozniak shared his views on the future of cryptocurrencies and their relation to fiat currencies.

Wozniak acknowledged the long-standing history and reliability of traditional financial systems, and doubted that cryptocurrencies would completely replace fiat currencies. He also expressed his worries about the widespread fraud and deception in the crypto space, especially in the NFT market.

He cited several examples of people falling victim to shady projects and promoters, who use celebrity endorsements to attract investors. One of the cases he mentioned was Kim Kardashian, who is facing charges from the U.S. for promoting EMAX tokens.

Wozniak Applauds Bitcoin Stability & Conservatism

However, Wozniak had a different opinion about Bitcoin, which he described as the “big elephant on the block” and a symbol of stability. He said that BTC is safer than other digital assets, because it has a solid reputation and a conservative approach.

Wozniak compared Bitcoin to a prudent investment strategy, and said that it has proven its resilience over time. He also revealed that he had experimented with BTC in its early days, out of curiosity and interest in the technology behind it.

Furthermore, he clarified that he used Bitcoin not as a means to make money, but rather as a tool for learning and understanding. He also expressed his confidence that BTC would reach $100,000 in the future.

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The author’s views are for reference only and shall not constitute any investment advice. Please ensure you fully understand and assess the products and associated risks before purchasing.

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