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Tuesday, September 21, 2021
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Bitcoin is a miracle and better than gold, says Apple co-founder Wozniak

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Apple co-founder Steve Wozniak has reportedly reiterated his optimistic stance on Bitcoin (BTC) regardless of not being a Bitcoin investor himself.

A vocal proponent of Bitcoin who as soon as known as it the “solely digital gold,” Wozniak reportedly referred to Bitcoin as a “miracle of expertise” and a “distinctive mathematical method” at Expertise Land Digital 2021, a significant digital occasion in Latin America dedicated to expertise and innovation.

In keeping with Thursday a report by native information company El Sol de México, the Apple co-founder has additionally indicated that Bitcoin is best than gold, implying that it’s simpler to mine Bitcoin blocks than discovering and extracting gold:

“Gold is proscribed and you must search for it. Bitcoin is essentially the most superb mathematical miracle. I don’t put money into Bitcoin, however I imagine it’s right here to remain.”

Many business gamers and analysts have referred to Bitcoin because the “digital gold,” as each gold and Bitcoin have a restricted provide, thus probably retaining worth in the marketplace. Whereas gold is proscribed by bodily provide and the problem of extraction, Bitcoin mining is capped at 21 million cash by its supply code, which means that there will likely be no single new Bitcoin as soon as the last coin is mined in 2140.

Associated: Bitcoin on ‘inevitable path’ to reach gold’s market cap — Mike Novogratz

Wozniak’s remarks come shortly after Ricardo Salinas Pliego, the third-richest man in Mexico, declared that it’s “completely proper” to refer to Bitcoin as the new gold. “That’s completely proper, Bitcoin is the brand new gold, however way more transportable, transporting Bitcoin is a lot simpler than having gold bars in your pockets,” the billionaire businessman mentioned.

Wozniak supplied related feedback on Bitcoin beforehand, claiming that “only Bitcoin is pure digital gold” in June 2018. The tech guru famous that he purchased into feedback from Twitter CEO Jack Dorsey who has repeatedly argued that Bitcoin will emerge as the only forex of the web.