Apple’s Co-Founder Steve Wozniak Who Believes That Bitcoin Is “Digital Gold” Sold All BTC When It Peaked At $20k In 2017
Apple’s co-founder Steve Wozniak has recently stated that he sold all the BTC that he held when the digital currency hit its all-time high back in 2017.
He said that he sold all BTC when it sported the massive price tag of $20k.
The news is reported by Smartereum and published first by Business Insider Nordic – Financial media outlet – on January 24.
Buying BTC for $700
Wozniak made the announcement when he was speaking at the Nordic Business Forum in Stockholm Sweden.
He said that for starters he invested in an undisclosed quantity of BTC when the coin was trading at $700.
Wozniak said that he invested in BTC just to experiment with it, but he also revealed what he then planned to do with the digital coins.
Wozniak said: “My goal was to travel to a place like Stockholm, and go to hotels and restaurants that accept Bitcoin (BTC), and only use the digital currency when I travel.”
Selling BTC during the all-time high
But then when BTC hit its all-time high of about $20k, he reportedly sold all the Bitcoins he had.
“When Bitcoin (BTC) skyrocketed, I said I don’t want to be one of those who watches and watches it and cares about the number. I do not want that kind of care in my life. Part of my happiness is not to have worries, so I sold all my Bitcoin (BTC) holdings and just got rid of it,” he said according to Smartereum.
Back then, many investors didn’t see the massive fall of the market that was on its way.
Back in June 2018, Cointelegraph reported that Wozniak said that BTC is the only digital asset that’s “pure digital gold.”
He said this in order to highlight his beliefs even though he had just sold all his BTC.
We’ll have to see where the digital gold is heading these days amidst tons fo great news surrounding it.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.