Steve Wozniak, Apple’s cofounder, remains skeptical of cryptocurrencies in general despite his continuous praise for Bitcoin
Apple co-founder Steve Wozniak praised Bitcoin in his recent interview with Business Insider, describing the biggest cryptocurrency as “pure gold math.”
With that being said, the legendary electronics engineer and computer programmer has a significantly less favorable view of the broader cryptocurrency industry. In the aforementioned interview, he pointed to the sheer number of cryptocurrencies that are being created on a daily basis, claiming that many cryptocurrency projects are “rip-offs.”
Wozniak says token creators try to entice buyers with celebrity endorsements:
There’s 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.
At the same time, he urged investors to approach startup founders with optimism because it’s hard to spot another Apple:
They might be another Apple, and you can’t see it yet. There’s no way to calculate it in a spreadsheet.
As reported by U.Today, Wozniak also called Bitcoin “the most amazing mathematical miracle” in his recent interview with Forbes Mexico.
In October, however, he predicted that governments would end up banning Bitcoin:
The problem is that the government will never allow this to be out of its control. If it got to the point where it was all done with crypto and it didn’t go through the governments for scrutiny and taxation and all that…the governments would just ban it.
