Steve Wozniak: "Only Bitcoin is pure digital gold"
Steve Wozniak said in an interview that he considers Bitcoin the only digital gold. The co-founder of Apple also announced his hopes for the future of Bitcoin and revealed what cryptocurrencies he owns.
Bitcoin and gold share some characteristics. Thus, the maximum number of both asset classes is limited and they are both being mined. While this happens in digital spheres in Bitcoin, gold is mined in the analog world. The mining itself also has something to do with luck in both cases: Who finds the rare goods, may be lucky. However, Bitcoin goes beyond its analogue model, at least in terms of transmission. While gold is not exactly easy to bring in large volumes across borders, Bitcoin works at the push of a button. Depending on the size of the Mempool it is also relatively fast - faster than with gold in any case.
These benefits of bitcoin were also recognized by Steve Wozniak. The US co-founder of Apple said in an interview with CNBC: "Only Bitcoin is pure digital gold." He also wants Bitcoin to become the leading currency worldwide. However, the owner of a bitcoin and two ethers can not say for sure.
Careful future forecast
When asked how he sees the price evolution of the bitcoin price in the future, he addressed the relationship between supply, demand and limited quantity. So the price will continue to rise, as the demand grows. However, since there can only be a limited maximum amount of bitcoins, he sees good chances for a further price increase. Here it is the deflationary cryptocurrency that sets it apart from Fiat currencies. He also spoke of analogies to the DotCom bubble, which he sees in the current ICO market. He also said that he assumes that blockchain technology will take 10-15 years to get its way. Similar to the beginning of the internet, it just takes time for the mindset of people to adjust:
"People have to change their mindset [first]. Culture, tradition, the status quo and the way things are at the moment - that does not change that fast when it comes to something as big as the Blockchain. "
source: https://www.btc-echo.de/steve-wozniak-nur-bitcoin-ist-pures-digitales-gold/
