Steve Wozniak believes in Bitcoin, not hype
Steve Wozniak might not want to worry much about market highs and lows, but he’s shown a talent for cashing out at the right time. The Apple co-founder recently spoke at the Nordic Business Forum in Stockholm, Sweden, and Business Insider Nordic reported that Wozniak sold all of his Bitcoin Core (BTC) just as it reached its all-time high of nearly $20,000 per BTC.
His reason for selling wasn’t to capitalize on the price, but rather because he was disinterested with the hype around its price. Speaking with author and marketing guru Seth Godin, Wozniak said: “When it shot up high, I said I don’t want to be one of those people who watches and watches it and cares about the number. I don’t want that kind of care in my life.”
Wozniak is famously more interested in innovative technology more than the potential profits they might reap, leaving the business end of Apple to his co-founder Steve Jobs. The same feeling applies to cryptocurrency. “My goal was to travel to a place like Stockholm, and go to restaurants and hotels that only accept Bitcoin, and only use Bitcoin when I travel,” Wozniak said.
The ‘Woz’ wasn’t worried he might have cashed out too soon, the investment was more about utility than speculation. “Part of my happiness is not to have worries, so I sold it all and just got rid of it,” he said.
Wozniak appears to be a Bitcoin true believer. He previously noted that he has more faith in the original Bitcoin vision than the “kind of phony” U.S. dollar. He’s also expressed interest in getting involved in his own blockchain projects.
With his faith in the Satoshi’s vision of Bitcoin, and his propensity for building useful and innovative technology, one has to wonder what the ‘Woz’ thinks about the rebirth of Bitcoin in Bitcoin SV (BSV). BSV is the only digital currency that is built to massively scale and have a focus on building better technology for business applications. As more businesses develop with BSV as part of their strategy, it may not be long before the Apple co-founder could visit Stockholm and pay with BSV anywhere he goes.
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