![Apple co-founder wozniak turned 2,800% profit on [btc] (btc)](https://ohiobitcoin.com/storage/2019/01/TZcEhG.jpg "Apple co-founder wozniak turned 2,800% profit on [btc] (btc)")
![Apple co-founder wozniak turned 2,800% profit on [btc] (btc)](http://ohiobitcoin.com/storage/2019/01/TZcEhG.jpg "Apple co-founder wozniak turned 2,800% profit on [btc] (btc)")
Bought At $700, Solid At $20k — Apple Co-Founder’s [BTC] Story
In mid-2017, amid the near-peak of the most recent boom, Apple co-founder Steve Wozniak, not to be confused with the late Steve Jobs, divulged that he had purchased () at $700, quipping that he wanted to “experiment” with the asset and the decentralized economy/sector. While details were scant about Wozniak’s supposed experiments, the industry insider took to a public stage on Saturday to explain what has happened since he financially delved into this nascent sector.
Wozniak, the current chief scientist of Primary Data, at the Nordic Business Forum, an event located in Stockholm, explained that by the time surpassed the $20,000 milestone, he had enough, liquidating his holdings (he didn’t divulge if he bought more after his initial $700 buy-in). In a Q&A with Seth Godin, Wozniak explained that when the market exploded, he didn’t want to be “one of those people who watches and watches it and cares about the number.” He quipped that he doesn’t want to worry about actively. In fact, he explained that one of his ways to achieve happiness is to mitigate worries, and selling his holdings was part of accomplishing that.
If what Wozniak is saying is accurate, and assuming that he only bought at $700, the long-time tech entrepreneur made 2,800% on his trade, which was likely opened and closed within a year’s time.
Interestingly, he explained that ’s premise as a digital form of payment hasn’t become a reality yet, noting that his goal was to travel and solely use , whether it be at a hotel or restaurant.
Wozniak Adamant That [BTC] Is Digital Gold
While he liquidated his position, which presumably wasn’t worth a life-changing sum, Wozniak lauded for being a viable form of digital gold. In an interview with CNBC, which reported on previously, the Apple co-founder remarked that , a mathematically defined, distributed, and limited asset, is “pure digital gold.”
Wozniak is one of a line of many pundits that believe that is a viable digital Store of Value (SoV). Per previous reports from , Alistair Milne, Digital Currency Fund’s chief investment officer, recently took to Twitter to claim that has also seen its Store of Value (SoV) proposition become more apparent. More specifically, he noted that ’s investors are now “very aware that is like gold with 100x leverage,” along with the fact that the flagship ’s inflation rate will be lower than that of the precious metal. And, as “no one appears to doubt the usefulness of gold,” Milne noted that investors shouldn’t doubt the potential of , the digital gold.
This aside, despite his seeming lack of ‘skin in the game’, Wozniak has still made moves in this nascent industry. In August, Woz that technologies are like the “internet when it was brand new,” adding that the innovation could be applied to many sectors, including Uber-esque platforms, avenues, and simple financial transactions.
Title Image Courtesy of Tian Kuan Via Unsplash
Published at Sat, 26 Jan 2019 21:56:16 +0000
