- Apple co-founder Steve Wozniak favors BTC over NFTs as a consequence of safety issues.
- He criticizes the fraudulent schemes prevalent within the cryptocurrency and NFT markets.
- Wozniak expressed confidence that BTC will soar to $100,000.
Expertise icon and Apple co-founder Steve Wozniak has argued that Bitcoin is a safer asset class in comparison with different digital belongings similar to non-fungible tokens (NFTs). . Wozniak shared this sentiment on his podcast, the place he just lately gained consideration for his Documenting Bitcoin on the X account.
Throughout the dialogue, the moderator requested for opinions on the longer term benefits of cryptocurrencies over fiat currencies. In response, Wozniak emphasised the enduring nature of conventional monetary techniques, that are rooted in human historical past, and famous that it’s unlikely that cryptocurrencies will totally exchange fiat currencies.
Primarily based on this premise, Wozniak expressed concern about rampant exploitative traits throughout the cryptocurrency area. He highlighted the prevalence of scams and fraudulent schemes within the cryptocurrency and NFT markets focusing on unsuspecting buyers.
He cited quite a few cases of people being duped by opportunistic founders who use superstar endorsements to lure individuals. One of many instances cited concerned Kim Kardashian, a outstanding superstar who promoted the EMAX token, towards whom the US filed prices.
Nonetheless, the Apple co-founder reserved his reward for Bitcoin. He stated Bitcoin is protected in comparison with the broader market, the place rip-offs are rampant. He praised it as “the massive elephant on the road” and a beacon of stability.
Wozniak attributed Bitcoin's resilience to its established presence and conservative attraction, likening it to the cornerstone of funding prudence.
However, he expressed issues about speculative funding generally. Nonetheless, Wozniak admitted that he dabbled in Bitcoin's early phases. He stated he was primarily pushed by his curiosity to discover how digital transactions work.
He averted utilizing Bitcoin purely as a way of producing revenue. Nonetheless, Wozniak expressed his confidence that BTC will soar to $100,000.
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