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Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Apple Co-founder: “My Gut Feeling Tells Me Bitcoin Will Go To $100,000”

Dalmas Ngetich
Dalmas Ngetich
1 year ago
2 mins read
Bitcoin to $100000

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Steve Wozniak, the co-founder of Apple, one of the world’s most valuable companies, thinks Bitcoin will, in the future, rally to as high as $100,000. 

Bitcoin May Rally Because People Are Interested

In a recent interview posted by Documenting Bitcoin on Twitter, the entrepreneur explained that he couldn’t place any mathematics or science behind his prediction but remains upbeat about Bitcoin’s future. His confidence in the legacy blockchain and its coin stems from how people are interested in the platform and its stability. 

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Bitcoin is a peer-to-peer network that allows people to transfer value without relying on an intermediary like a bank or a processor. As of February 24, Bitcoin had a market capitalization of over $459 billion and is the most valuable cryptocurrency. Part of this is because people trust the coin.

Bitcoin Price On February 24
BTC Price On February 24| Source: BTCUSDT On Binance, TradingView

Since launching in early 2009, it has never failed and maintains a high-reliability score close to 100%. It is this stability that Steve thinks is interesting.

It is estimated that only a tiny percentage of the world’s population holds Bitcoin and cryptocurrencies. However, considering the increasing popularity of Bitcoin, crypto, and blockchain, especially innovation in finance and digital ownership through DeFi and NFTs, the number of BTC and crypto holders will likely increase in the years ahead. 

Anchoring this preview, the number of unique Bitcoin addresses has increased since launch, mirroring the general valuation of the entire crypto scene.

However, while Steve remains upbeat about Bitcoin and the space’s prospects, he doesn’t hold a big bag. He isn’t interested in making money from the coin. Instead, as he said during the interview, he’s excited about using the coin and experimenting with how it can be used as a utility in the real world. However, he is not invested in BTC or stock. Presently, Steve holds less than 1 BTC.

A Medium Of Exchange That’s Legal Tender In El Salvador

Bitcoin, in its whitepaper, was initially designed to be a means of exchange, electronic money. Over time, it has morphed into a store of value, an alternative to gold. Still, many users prefer the coin to move value across borders considering its speed, trustless nature, and high reliability.

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In El Salvador, Bitcoin is legal tender, joining the ranks of other reserve currencies, like the USD.

Only time will tell whether BTC will rally to hit $100,000 or drop to $0, as no-coiners like Nouriel Roubini, the economist, say.

Currently, the coin is trading at $23,901 and has been relatively stable in the past week.

Feature image from Canva, Chart from TradingView
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Dalmas Ngetich
Dalmas Ngetich

Dalmas Ngetich

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape.

Read more

His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto.
The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance.

His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry.

Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion.

Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers.

DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations.
Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language.

Dalmas is here to help make the tech easy to understand and digestible, even for beginners.
The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential.
This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting.

Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature.

When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills.
You can connect with Dalmas on X: @Dalmas_Ngetich, or contact him on Telegram @Dalmas_Ngetich.

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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.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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