Steve Wozniak thinks Bitcoin is better than gold and the U.S. dollar.
The founder of Apple made the statement while being interviewed by Deirdre Bosa from CNBC at the Money20/20 conference in Las Vegas. While talking about cryptocurrencies and their underlying blockchain technology, the tech visionary said that Bitcoin has a finite supply (21 million) while fiat money and gold does not. Fiat money can be printed by any government for any reason at any time and gold continually gets mined and no one knows how much gold is in existence.
“There is a certain finite amount of bitcoin that can ever exist. Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”
He went on the compare Bitcoin to owning a house. “Your house has value. And if it is a house today, 40 years from now, it still is a house in value even if the price goes up and the government draws more taxes out of it.”
The real value of Bitcoin has been debated and there are some that agree with Steve Wozniak and some that do not. Yes, the finite supply of 21 million Bitcoins is manufactured unlike gold but the mathematics behind the supply can’t be changed.