Apple’s Steve Wozniak Discusses His Bitcoin Investment “Experiment” on Crypto Trader Interview
Steve Wozniak, the co-founder of Apple, recently sat down with Crypto Trader on how he sees Bitcoin and everything it is involved with. Wozniak didn’t get in at the bottom level, but he joined around the time that Bitcoin cost about $70 per BTC, investing via Mt Gox as his platform.
Interestingly, Wozniak was quick to point out that his goal was never to win the speculative market, and was instead an experiment with the industry. He said,
“I never thought oh I think this currencies gonna go up or up but no I want to learn how to buy things with it and how to sell things with it I want to find out how to use it as a person and experiment and then I never watched the price.”
The stock market doesn’t interest Wozniak, and he doesn’t believe in it. In fact, despite the substantial stock offered by Apple, he has abstained from using their stock app. Most of his reasoning has to do with his apprehension about trading with stocks.
Still, this venture into the market proved to be beneficial as the Bitcoin stock rose to $4,000 and again to $20,000. However, refocusing his attention on the fact that this investment was meant to be experimental, he sold all but one of his Bitcoin, still allowing him to watch the way it works.
As Wozniak puts it,
“Wait a minute that was not my purpose in life and I don’t want to be watching the price. I started feeling this sort of addictive behavior coming to me and so I sold it all but one. One’s enough to experiment.”
During the interview, he also emphasized his desire to travel the world only using Bitcoin. He also believes, much like other investors, that fiat money could be eradicated with the incorporation of Bitcoin in the future.