There are still people who believe in Bitcoin, despite the rollercoaster ride it has been on. Apple Inc., a tech behemoth and pillar is one such person.
Steve Wozniak — the Apple co-founder — has stated that he expects the world’s top cryptocurrency to reach $100,000 in the near future.
Wozniak talked cryptocurrency recently in an interview for the Wild Ride With Steve-O podcast.
“I purchased a large amount of bitcoin at the outset to demonstrate how to use this new technology. Is it possible to buy bitcoin online? This was a challenge that I was able to conquer. How do you purchase items in foreign nations, and how would you pay for a donut?”
A computer programmer, philanthropist and computer programmer also considered how to locate bitcoin-accepting ATMs. “I want to experience and absorb everything,” he stated.
The Apple Co-Founder’s Belief
According to Wozniak, Bitcoin is the “most incredible mathematical marvel.”
He stated that Bitcoin is superior to gold because of its digital scarcity in July 2013.
Wozniak admitted that his prediction was not mathematically accurate, but he noted that cryptocurrency’s effective interest made it possible to calculate the price.
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“I believe Bitcoin will eventually reach $100,000… I am unable to quantify it mathematically; I simply feel it as a result of all of the interest. The interest in cryptocurrencies.”
Bitcoin is currently trading below the $40K threshold, at $39,084.76 according to CoinMarketCap’s price monitoring.
BTC trades currently at $14,260.302,441 for 24-hour volume and has increased 0.13% in the past 24 hours.
Source: TradingView.com| Source: TradingView.com
Bitcoin Hits $100K by Other Majors
Even in times of war the fascination and mystery surrounding Bitcoin continues to dominate the news.
Joe DiPasquale, Chief Executive Officer at Bitbull is one of the most vocal supporters of crypto.
DiPasquale says that despite the drop in Bitcoin’s value since November, the digital asset still has the potential to surpass the celebrated $100,000 per coin mark.
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And then there’s Standard Chartered. According to a September 2021 report, the British bank’s cryptocurrency research team predicted that Bitcoin will soon exceed the $100,000 mark. Bitcoin trades at $55,000 that month.
Michael Saylor, the CEO of MicroStrategy, also has higher expectations for Bitcoin’s price in the long term.
SkyBridge Capital CEO Anthony Scaramucci is another believer in crypto. He maintains that the first cryptocurrency will one day sell for $500,000 per unit.
Positivity for the Future
Wozniak also confirmed that he had made Bitcoin transactions through his Coinbase account.
Also known as “Woz,” the seasoned engineer previously indicated that he sold all of the Bitcoins he purchased during the market’s early days for experimental purposes.
While fears persist that the Bitcoin market will continue to dive in the short to medium term due to a variety of macroeconomic forces, positive outlooks for the cryptocurrency’s long-term potential persist.
Featured Image from TechSpot. Chart by TradingView.com