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Bitcoin is a miracle and better than gold, says Apple co-founder Wozniak



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

A vocal proponent of Bitcoin who as soon as referred to as it the “only digital gold,” Wozniak reportedly referred to Bitcoin as a “miracle of technology” and a “unique mathematical formula” at Expertise Land Digital 2021, a main digital occasion in Latin America dedicated to know-how and innovation.

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

“Gold is limited and you have to look for it. Bitcoin is the most amazing mathematical miracle. I do not invest in Bitcoin, but I believe it’s here to stay.”

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

Associated: Bitcoin on ‘inevitable path’ to achieve 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 “absolutely right” to consult with Bitcoin as the brand new gold. “That’s totally right, Bitcoin is the new gold, but much more portable, transporting Bitcoin is so much easier than having gold bars in your pockets,” the billionaire businessman stated.

Wozniak offered 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.

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