Apple Co-Founder Steve Wozniak ‘Feels’ Bitcoin Will Be Worth $100,000

Christian Encila

3 years ago

2 mins read

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Despite its rollercoaster ride in the market, there are always people who remain steadfast in their belief in Bitcoin. One of them is a pillar of tech behemoth, Apple Inc.

Steve Wozniak — the Apple co-founder — has stated that he expects the world’s top cryptocurrency to reach $100,000 in the near future.

Wozniak discussed cryptocurrency in a recent interview on the Wild Ride with Steve-O podcast.

“I purchased a large amount of bitcoin at the outset to demonstrate how to use this new technology. How do you make an online purchase? I conquered that. How do you purchase items in foreign nations, and how would you pay for a donut?”

Additionally, the computer programmer and philanthropist pondered how individuals locate ATMs that accept bitcoin. “I want to experience and absorb everything,” he stated.

The Apple Co-Founder’s Belief

According to Wozniak, Bitcoin is the “most incredible mathematical marvel.”

In July last year, when speaking at Talent Land Jalisco, he told his virtual audience that Bitcoin was superior to gold due to its verified digital scarcity.

While admitting that he was unable to quantify his prediction mathematically, Wozniak noted that effective interest in cryptocurrency made the price attainable.

“I believe Bitcoin will eventually reach $100,000… I am unable to quantify it mathematically; I simply feel it as a result of all of the interest. The interest in cryptocurrencies.”

Bitcoin is currently trading below the $40K threshold, at $39,084.76 according to CoinMarketCap’s price monitoring.

BTC currently trades at a 24-hour volume of $14,260,302,441 and is up 0.13% over the last 24 hours.

BTC total market cap at $740.78 billion on the daily chart | Source: TradingView.com

Other Bigwigs See Bitcoin Hitting $100K

Even during times of war, the intrigue and mystique surrounding Bitcoin continue to hog the headlines.

One of the biggest proponents of the crypto is Bitbull Chief Executive Officer Joe DiPasquale.

Despite a decrease in the price of Bitcoin since November, DiPasquale believes the digital asset is still on track to reach the vaunted $100,000 per coin milestone.

And then there’s Standard Chartered. In September 2021, a report by the cryptocurrency research team at the British bank forecasted that Bitcoin would soon surpass the $100,000 mark. Bitcoin was trading at the $50,000 mark that month.

Michael Saylor, the CEO of MicroStrategy, also has higher expectations for Bitcoin’s price in the long term.

Similarly, SkyBridge Capital CEO Anthony Scaramucci, another crypto believer, maintains that the pioneer cryptocurrency would one day be worth $500,000 a unit.

Positive Outlook For Bitcoin Remains

Meanwhile, Wozniak confirmed that he has made some Bitcoin purchases through a Coinbase account.

Also known as “Woz,” the seasoned engineer previously indicated that he sold all of the Bitcoins he purchased during the market’s early days for experimental purposes.

While fears persist that the Bitcoin market will continue to dive in the short to medium term due to a variety of macroeconomic forces, positive outlooks for the cryptocurrency’s long-term potential persist.

Featured image from TechSpot, chart from TradingView.com

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.