Apple co-founder Steve Wozniak once again praises Bitcoin as a much more efficient alternative investment asset than gold.
The accelerated growth of Bitcoin (BTC) and cryptocurrencies, Bitcoin has opened up numerous opportunities for everyone in all kinds of industries. In the financial sector, many experts now consider crypto assets as a new alternative investment asset class with great potential. Apple co-founder Steve Wozniak recently called Bitcoin a “new alternative investment asset class” “mathematically pure gold”. In the past Wozniak has said that the most capitalized cryptocurrency in the industry blockchain is a better investment asset than gold due to its accessibility, ease of use and digital innovation. Wozniak has also called Bitcoin “the most amazing mathematical miracle” and the “unique digital gold” that “He came to stay”. In November 2021, assured that “another bitcoin can never be created”.
During his last interview with Business InsiderWozniak praised the development and innovation of Bitcoin and its ability to facilitate cross-border payments.
The Apple co-founder also called on investors to delve deeper into cryptocurrency projects and altcoins long before you get involved, as there are hundreds of new projects every day and many may just be scams. For the American engineer, programmer, philanthropist and entrepreneur, when it comes to investing in an asset, it's all about the project and the community. In the case of Bitcoin, the world's leading cryptocurrency has a high-quality project, a top-notch team of developers and a global crypto community that supports its use and adoption.
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Bitcoin is “science, mathematics, logic and computer programming”
Wozniak believes that there are a significant number of cryptocurrency projects that are acceptable for forming an economically conservative investment strategy. However, he specified that Bitcoin is the only cryptocurrency that “it is mathematically pure gold”. In addition to praising Bitcoin's "mathematical purity," he noted that he is drawn to this digital asset because of its «science, mathematics, logic and computer programming». Bitcoin is a unique, transparent, immutable, efficient, programmable, and scarce asset; a combination of characteristics that could increase its value in the long term.
The host of Smart People Sh*tDennis Porter echoed Wozniak's words by comparing Bitcoin's efficiency to the US dollar. “Look at the US dollar, the government can just create new dollars and borrow; it’s like you never have it fixed, like Bitcoin.” However, the Apple co-founder indicated that although he believes in the future potential of Bitcoin, he has not yet invested in the cryptocurrency.
Wozniak also reiterated his interest in the Metaverse, declaring himself a fan of this technological innovation.
Interest in Bitcoin and cryptocurrencies
Mexican billionaire businessman Ricardo Salinas agrees with Wozniak's reasoning. Earlier last month, Salinas reiterated his support for the use and adoption of Bitcoin as an alternative investment asset to gold, highlighting the cryptocurrency's portability and transparency compared to the precious metal. US bank JP Morgan has also said investor interest in Bitcoin has been increasing in recent years, with it seen as a better alternative to gold.
In 2021, the largest investment fund in the world BlackRock he dumped his gold investments and began investing in Bitcoin-related companies, such as crypto mining companies Marathon Digital Holdings and Riot Blockchain, in whose shares he invested more than $380 million. Recently, Berkshire Hathaway sold part of its stakes in Visa and Mastercard to increase its exposure in Nubank, a Brazilian bank that allows investment in Bitcoin through an ETF (exchange-traded fund). The global auditing company KPMG Canada also made its entry into the world of cryptocurrencies, adding bitcoins and ethers directly to its balance sheet and investing in a non-fungible token or NFT from the “Worlds of Women” project.
IMPORTANT: Bit2Me News reminds you that before making an investment you must educate yourself and know where you invest your money, as well as the pros and cons of the system. Everything written here is for informational and educational purposes and should not, under any circumstances, be taken as investment advice or recommendations. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
Continue reading: Ricardo Salinas praises Bitcoin's portability and transparency compared to gold
