• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
  • Play FinanceTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Bitcoin Price Retests $27K Following Fed Rate Decision

Founders of Apple, Tesla, and Twitter All United by Interest in Bitcoin, But Will This Help Adoption?

Cole Petersen by Cole Petersen
4 years ago
in Bitcoin
Reading Time: 3 mins read
Advertisement

Although Bitcoin has been caught in a persisting bear market for well over a year, multiple major tech gurus and visionaries from some of the largest companies in the world – including Apple, Tesla, and Twitter – have lauded the cryptocurrency in recent times, signaling that Bitcoin and crypto in general may soon become the focus of more innovation from major tech corporations.

Steve Wozniak, the co-founder of Apple, has long been an advocate for Bitcoin, but just recently double down on his praise for the cryptocurrency, noting that he still believes in the digital currency and its underlying technology despite the massive sell-off that has ensued over the past year.

Wozniak: There Has Been Massive Value Creation Since Bitcoin Price Crash

As reported earlier by NewsBTC, the co-founder of tech giant Apple recently shared his thoughts on Bitcoin, noting that it has incurred significant value creation over the past year despite its less-than-impressive price action as of late.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

“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 said in a recent interview with Bloomberg.

Wozniak further added that he doesn’t “want to be one of those people constantly checking the price,” and that he believes the persisting bear market is largely due to human psychology and is not a reflection of the technology’s value or of its fundamental growth.

Could Interest in Bitcoin from Tech Gurus Help Improve its Adoption Rates?

Recently, more and more notable figures within the tech industry have been expressing their interest in not only in blockchain technology, but in BTC itself. The question is, will their interest in the crypto help aid its adoption rates?

In a recent episode of ARK Invest’s FYI podcast, Elon Musk – the founder of Tesla and SpaceX – shared some interesting thoughts on cryptocurrency, noting that Bitcoin is “quite brilliant.”

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

“I mean I think the bitcoin structure was quite brilliant. It seems like there’s some merit to Ethereum as well, and maybe some of the others,” he noted.

Despite this positive sentiment, it does not appear that Musk is interested in guiding any of his companies towards adopting or investing in cryptocurrencies, as he further explained that he is “not sure if it would be a good use of Tesla resources to get into crypto.”

Although Musk’s interest in crypto may be limited, the CEO of Twitter, Jack Dorsey recently endorsed the launch of an in-browser tipping extension that allows Twitter users to send BTC tips via the Lightning Network.

“This is excellent,” Dorsey said while referencing an article regarding the launch of the Tippin extension.

This is excellent ⁦@tippin_me⁩ ⚡️ https://t.co/FifrgwBOTp

— jack (@jack) February 20, 2019

Furthermore, Dorsey lauded BTC in a recent tweet, describing it as resilient and principled.

“Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals. And it’s a great brand,” he said in response to a question regarding why Bitcoin is the only cryptocurrency he owns.

Bitcoin is resilient. Bitcoin is principled. Bitcoin is native to internet ideals. And it’s a great brand.

— jack (@jack) February 5, 2019

Dorsey’s other company – payment processing giant Square – has also implemented several features that allow users to interact with cryptocurrencies on a deeper level, and he was an early investor in Lightning Labs – a Bitcoin Lightning Network development startup.

As these tech guru’s interest in Bitcoin and cryptocurrency continues to grow, it is likely that their respective companies will be more prone to incorporating crypto-friendly features, like those already found in Square, which will help aid widespread adoption regardless of the state of the markets.

Featured image from Shutterstock.
Tags: bitcoinbtccrypto
Tweet123Share427ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Related Posts

Bitcoin

Bitcoin Price Action Mirrors Q1 2021, Volatility Ahead?

11 hours ago
Bitcoin

Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?

14 hours ago
Bitcoin

Quant Explains How Bitcoin ‘ESR’ Can Act As Leading Indicator For Price

18 hours ago
Bitcoin US Government

Bitcoin Will Be Stronger Despite Attacks From the US, Says HRF’s Executive

19 hours ago
Bitcoin bull case

3 Reasons To Remain Bullish On Bitcoin In Coming Months

20 hours ago
Bitcoin

Bitcoin Liquidity Crisis Gets Worse, Here’s What It Means For Price

23 hours ago

Premium Partners

Play Finance

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
mBit

mBit

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

In the journey from Web2 to Web3, Ethereum (ETH) and RenQ Finance (RENQ) play a significant role; here’s why!

March 25, 2023

Whatever Happened To Bitcoin Cash? – Learn Why Avorak AI and Other AI Crypto Are Surging

March 24, 2023

Avalanche Price Prediction: are AVAX and TOADS ready to 10X?

March 24, 2023

Litecoin (LTC) and Dogecoin (DOGE) Drowning in Controversy While TMS Network (TMSN) Steals the Show

March 24, 2023

The Best Altcoins To Get In Early 2023: TMS Network (TMSN), TRON (TRX) and Mask Network (MASK)

March 24, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins
  • Play Finance

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.