By
Bhushan Akolkar
March 22nd, 2024
Recently Twitter and Square Jack Dorsey said that bitcoin would one day become the single global currency. At Money20/20 conference taking place in Amsterdam, Apple co-founder Steve Wozniak supported this opinion.
Apple co-founder Steve Wozniak is very positive about bitcoin. He hopes one day this cryptocurrency will become a single global currency.
Earlier this year, Twitter founder Jack Dorsey put forward much the same idea. He claimed that bitcoin would become the world’s single currency within 10 years. Being the CEO of San Francisco-based digital payments company Square, he made a significant contribution to its development in cryptoindustry. As was previously reported by Coinspeaker, the company focuses on developing increased options for Bitcoin use.
Recently, Jack Dorsey doubled down on his support for Bitcoin saying that one day it would become the native cryptocurrency of the internet in the coming years. He said that he looks at the future where Bitcoin (or other digital currency) could be used by merchants for daily transactions.
Responding to Dorsey’s comments, Steve Wozniak said: “I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way, that is so pure thinking.”
Wozniak has long been a fan of bitcoin. He first bought bitcoin when its price was $700. According to data from CNBC, he has since sold almost his entire stash but for one bitcoin, admitting that he never wanted to be an investor but was only intrigued by how the cryptocurrency worked. He owns two Ethereum coins as well.
Speaking at Money20/20, Europe’s largest FinTech event, Wozniak said that he is attracted by the “purity” of the idea that people around the world could one day share a single currency, despite being separated by national borders. Comparing his support for bitcoin to otherdigital currencies, he stated that “only bitcoin is pure digital gold…and I totally buy into that.”
“Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there’s a way it’s distributed… and it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing… and surviving,” he explained. “That to me says something that is natural and nature is more important than all our human conventions.”
Wozniak also spoke positively about the aspect of cryptocurrency that limits the number of coins that can exist. “There is a certain amount of bitcoin that can ever exist,” he said. “Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but cryptocurrency is even more mathematical and regulated and nobody can change mathematics.”
At Money20/20 event, Wozniak also called for further regulation efforts, saying they were crucial to bitcoin’s survival. “Regulation is an essential element to the fintech transformation happening today,” he said. “Fairness, equality and truth is the foundation for good regulation and that will lay the groundwork for good development.”