Steve Wozniak, a technology mogul and Apple co-founder, believes that the price of the digital currency will hit $100,000.
Speaking on the ‘Steve-O’s Wild Ride!-Podcast‘, which he prefers to be called ‘Woz’, he expressed awe at how successful Bitcoin had become, asserting that it could be the future of Cryptocurrencies.
“I can’t put any mathematics to it, I just feel that the interest in crypto is so high and so I put a bunch of money into an online wallet account Coinbase and pretty much, it’s sitting right there,” he said.
The computer software said that his initial investment in virtual currency had made him a lot of money, which made him believe that the price of virtual currency could increase.
“I wanted to experiment and learn it all, then bitcoin went way up. I got scared and I sold all my Bitcoin except one bitcoin,’’ Wozniak continued.
“My life’s purpose is to have enough to play with, experiment with but not to make money on-and two times it’s gone way up and made me money and just recently I think Bitcoin is gonna go to 100,000.”
This isn’t the engineer’s first encounter with the coin. In the interview, Wozniak said that he had once considered launching a coin named “WOZX“, which was a reference to the company that he worked for.
His experience working with such a company increased his interest in digital assets, setting him out on his first venture with Bitcoin.
“I bought a bunch of Bitcoins as a start-to say how do you play with this new thing? how do you buy something online, and I conquered that.’’ He continued.
Wozniak dismissed the claims of a huge threat to the environment from high energy consumption. While the world continues to deploy even more dangerous activities, such as combustion engines on airplanes and vehicles, it was preposterous to blame the digital currency for the environment.
The best way to address Bitcoin’s carbon footprint was to reduce other activities that posed a similar threat to the environment, as he noted that it was just a lesser evil in the list of threats to the environment.
“The only way to solve this climate problem is to take our lives way back down in the economy,” he concluded. “So I don’t buy a lot into people thinking, let’s do this one little step, you know, buy an electric car or get a solar panel that it makes any difference at all-it can actually go the opposite way.”
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