Steve Wozniak: Bitcoin Value Creation Not Price Should be Primary Focus
Osato Avan-Nomayo's original article for blockonomi.com reduced by 47%
Apple co-founder - Steve Wozniak says people should focus on Bitcoin value creation rather than being preoccupied with price. Speaking to Bloomberg, Wozniak declared that Bitcoin had experienced massive value creation despite the prolonged bear market of 2018. "We've seen massive value destruction but we've seen massive value creation.
I had a lot of bitcoin, but never as an investor. I only had bitcoin to experiment with and I still experiment with it on new bitcoin devices." Wozniak has several times in the past identified the significant potential of BTC. The Apple co-founder has declared that Bitcoin could become digital gold, describing the top-ranked cryptocurrency in 2018 as "Amazing." Wozniak isn't keen on blockchain technology saying it is a bubble.
According to Musk, Bitcoin's structure that allows it to exist outside the ambit of mainstream currency controls makes it a better vehicle for value transfer than paper money. For Wozniak, people should focus more on Bitcoin utility than price saying he isn't someone who worries much about the price. According to Wozniak, the focus should be more on developing useful application-cases for Bitcoin.
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CN [too long; didn’t read]
Summarised crypto news.