Apple Co-Founder Steve Wozniak Warns The Government Will Never “Leave” Bitcoin

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2021-11-01 09:06:15

Apple co-founder Steve Wozniak has described Bitcoin as mathematically pure, praising BTC’s fixed supply. However, he said governments would never allow Bitcoin to stay out of their control.

Apple Co-Founder Steve Wozniak Warns The Government Will Never “Leave” Bitcoin

When asked in an interview, “Are you a crypto believer?” Steve Wozniak specifically replied that crypto holds a lot of promise through blockchain and can do a lot of things differently than before, even down to elections. Cryptocurrencies have a very reliable format and cannot be easily modified if humans control them.

He further explained that the US government can create new dollars to serve many purposes such as borrowing and lending. In contrast, Bitcoin has a fixed supply, which is a strong point.

“Bitcoin is math. There can never be another Bitcoin created. Bitcoin doesn’t even have a creator identity and is not run by some companies. And I prefer what’s natural to control.”

Steve Wozniak also affirmed that cryptocurrency will be effectively used widely. Currently, users are having a lot of digital ways to pay for things, even just to transfer money to people. Typical are Paypal, Apple Pay and Apple Cash.

At the same time, Wozniak expressed support for Twitter CEO Jack Dorsey, who just warned of impending hyperinflation, through the way he has always grown and dedicated himself to Bitcoin. However, the Apple genius also gave a cautious view on the legal issue that will be a big obstacle to the market in the future.

“The point is that governments will never allow cryptocurrencies to be out of their control. If everything gets to the point where it’s done in crypto and not through governments to observe and tax, they’ll be more aggressive and never give up their power.”

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