‘Pure Gold Mathematics’: Bitcoin Garners Praises from Apple’s Steve Wozniak

Wozniak is concerned that the number of crypto projects emerging every day could deduct the credibility of the crypto sector.

‘Pure Gold Mathematics’: Bitcoin Garners Praises from Apple’s Steve Wozniak

Photo Credit: Woz.Org/

Steve Wozniak, 71, founded his own blockchain startup ‘Efforce’ in 2021

Highlights
  • BTC was trading at around $40,000 (roughly Rs. 30.5 lakh) on Monday
  • Steve Wozniak’s view on BTC different from overall crypto market
  • Wozniak thinks many new crypto projects could be rip offs

Steve Wozniak has appreciated Bitcoin, the oldest cryptocurrency in existence, calling it “pure gold mathematics”. The co-founder of Apple, reiterated his support for Bitcoin while speaking in an interview with Business Insider. Founded in 2009, Bitcoin is currently the most valued cryptocurrency, trading at around $40,000 (roughly Rs. 30.5 lakh) on Monday. Its total market capitalisation is over $724 billion (roughly Rs. 55,76,734 crore). Wozniak's view on Bitcoin however, differs from his opinion on the overall crypto sector.

The renowned electronics engineer believes that the sheer number of cryptocurrencies cropping up every day takes the credibility quotient away from the sector.

Wozniak is concerned that many crypto projects are ‘rip-offs'.

“There are so many cryptocurrencies that come out now; everybody has a way to create a new one, and you have a celebrity star with it. It seems like they're just collecting a bunch of money from people who want to invest at the very earliest stage, when it's worth pennies,” U.Today quoted the 71-year-old computer programmer as saying.

This is not the first time, that Wozniak has spoken in favour of the crypto sector.

In November last year, Wozniak had said that the 'untraceable' nature of crypto is what needs a workaround.

At the time, the Apple co-founder had said that the Bitcoin is so mathematically pure that it cannot be copied.

Wozniak, has also co-founded an ‘energy efficient' blockchain company of his own called Efforce in 2021.

It is also not new, that Bitcoin has been compared to gold as an asset.

Earlier, billionaire investor Paul Tudor declared Bitcoin as his preferred inflation hedge over gold.

Business tycoon Mark Cuban has gone ahead to call Bitcoin better than gold.


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Radhika Parashar
Radhika Parashar is a senior correspondent for Gadgets 360. She has been reporting on tech and telecom for the last three years now and will be focussing on writing about all things crypto. Besides this, she is a major sitcom nerd and often replies in Chandler Bing and Michael Scott references. For tips or queries you could reach out to her at RadhikaP@ndtv.com. More
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