Apple Co-Founder Steve Wozniak Lost Respect for Mark Zuckerberg, but Not Bitcoin

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by Bhushan Akolkar · 3 min read
Apple Co-Founder Steve Wozniak Lost Respect for Mark Zuckerberg, but Not Bitcoin
Photo: Gage Skidmore / Flickr

Wozniak calls Bitcoin as something which has provided “massive value creation”. He admits holding a few Bitcoins for experimenting with new devices and applications.

During his recent interview with Bloomberg on Wednesday, February 26, Apple co-founder Steve Wozniak openly praised Bitcoin. Although not a crypto investor himself, he said that Bitcoin provides “massive value creation”.

Steve Wozniak has been a long time supporter and proponent of Bitcoin (BTC). Last year in June 2018, Wozniak stated that he believes that Bitcoin will be the single native currency of the globe. During the recent interview, Bloomberg’s Yousef Gamal El-Din asked if he continues with his stand after “we’ve seen massive value destruction in Bitcoin”. Responding to this, Wozniak said:

“I’m not sure I can buy that we’ve seen massive value destruction, I think we’ve seen massive value creation. Psychology will often drive market. I never invested [in Bitcoin] as an investor, I only had Bitcoin to experiment with and find out how to buy and sell things around the world, and find restaurants that accept Bitcoin”.

However, Wozniak admits holding a few Bitcoin for experimenting with new devices and applications. He also noted that once he had a ‘lot of Bitcoins’, which he sold during the 2017 bull run. He said:

“When it went up high, I didn’t want to be one of those people [obsessively] watching the bitcoin price, so I sold out. I don’t know where it is now, but it’s way over what I bought it at.”

Lost Respect for Mark Zuckerberg, Says Woz

Besides Bitcoin, Wozniak spoke on a range of issues like Artificial Intelligence and combating data-breach issues. On the latter issue, Wozniak said that he lost respect for Facebook co-founder Mark Zuckerberg after last year’s Cambridge Analytica scandal. The epic data breach had compromised data from millions of Facebook user accounts. Woz said:

“I lost a lot of respect for Mark Zuckerberg watching him speak and answer questions, and supposedly taking some steps that are nothing, not one nickel or one penny of Facebook’s income- I don’t trust that”.

Just like Facebook, other popular social media platforms like Twitter are also facing similar data-security challenges. But Woz goes to praise Twitter’s Jack Dorsey for efforts to combat it. He says that “I think Jack Dorsey is doing a lot more than Mark Zuckerberg to correct it”. Besides this, Wozniak favored introducing a healthy regulation in the tech space. He said:

“Regulation is good. Regulation says ‘companies will not do bad things,’ or ‘governments will not do bad things’…the United States is way behind Europe on recognizing these data privacy issues.”

Last year, Steve Wozniak joined a blockchain-powered venture capital fund called EQUI Global as its co-founder. EQUI Global is an Ethereum-based fund that is aimed at allowing investors to discover, examine and invest in a wide range of new business opportunities. The investments are to be made with a token called EquiToken. What is more, investors are also able to sell their EquiTokens on external crypto exchanges at any time they wish to do it.

Bitcoin News, Cryptocurrency News, News
Bhushan Akolkar

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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