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Apple Co-founder Claims Bitcoin Is Better Than Gold

Steve Wozniak, the co-founder of Apple, has been reported to reiterate his stance on bitcoin several times despite not investing in bitcoin himself. This being said there are rumors circulating that the company could be on the verge of announcing a huge investment within the crypto industry. Not hard rumors to believe when the co-founder continues to speak glowingly about the world’s largest cryptocurrency.

Wozniak has previously declared Bitcoin as the only digital gold as a vocal advocate for the leading cryptocurrency. Wozniak has been reported to claim Bitcoin as a technological miracle, and a unique mathematical formula during Talent Land Digital 2021, a major event held virtually in Latin America. The virtual event was devoted to promoting technological advancements and innovation in the digital world.

According to a news report by a local agency El Sol De Mexico, Steve Wozniak has implied that Bitcoin was simply better than gold. The Apple co-founder stated that Bitcoin is easier to mine than gold, which needs to be found and extracted. He also added that gold is limited and searching for it can be tedious, while Bitcoin only needs to be mined.

Moreover, Wozniak made it clear that while he does not invest in Bitcoin, he believes the leading cryptocurrency will stay in the long-term.

Numerous industry players and astute analysts have referred to Bitcoin as digital gold. Since both have a limited supply, they both have the potential to retain their value in the market. Gold is only limited due to its physical supply, and the tedious extraction process, while Bitcoin is capped at 21 million coins by its source code. It implies that the last Bitcoin will be mined in 2140 after which there will not be any new virtual coins.

Wozniak made his remarks shortly after the third-richest man in Mexica, Ricardo Salinas Pliego, declared it was only right to refer to Bitcoin as the new gold. According to the billionaire, Bitcoin is portable and easier to transport compared to gold.

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