Bought at 700$ sold at 20000$, Wozniak experience with BTC

Apple co-founder Steve Wozniak has recently announced that he sold all of his Bitcoin (BTC) when the famous cryptocurrency hit $20,000 in December 2017. Financial media outlet Business Insider Nordic reported on Wozniak’s comments on Jan. 24 during the Nordic Business Forum in Stockholm, Sweden.

The tech icon revealed last summer he had bought into the cryptocurrency when one coin sold for $700, simply, because he: “wanted to experiment with it.”

According to him, his goal was to “ travel to a place like Stockholm, and go to restaurants and hotels that only accept bitcoin, and only use bitcoin when I travel.”

However, after the market frick out by the end of 2017 last fall, reaching highs of almost $20,000 per bitcoin, Wozniak had enough and cashed out:

When it shot up high, I said I don’t want to be one of those people who watches and watches it and cares about the number. I don’t want that kind of care in my life,[…] Part of my happiness is not to have worries, so I sold it all and just got rid of it.” Wozniak declared in a Q&A with Seth Godin.

By the end of the interview, Wozniak said that he has “never been into money in any way”. In fact, he said, “I’ve never used Apple’s stock app, I don’t buy and sell stock.”

Even when he described blockchain as a bubble resembling that of the dotcom era during the same month, Wozniak still pointed out that Bitcoin is “just amazing.” Moreover, by the end of 2018, Wozniak announced that he was co-founding EQUI Global, a blockchain-focused venture capital fund, combining the conventional principles of investing with a crypto backend that allows value to be realized and traded in the open market through the EquiToken.

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Khalil Liouane

Computer Engineering student, interested in blockchain tech startups creating innovative solutions that can shape a better future. If you are one of those startups email me: contact@decentral.news

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