In an interview last week, Steve Wozniak, Apple co-founder, discussed bitcoin. He stated that there are so many cryptocurrencies that are currently available in the market. Everyone knows how to make a new one, and you can make a superstar out of it. It appears that they are just collecting a large sum of money from those who wish to invest at the very beginning, when it is worth pennies.
Wozniak further stated that some individuals purchase cryptocurrencies because they are unaware of the possible volatilities, he explained. He emphasised that he likes the whole idea of the metaverse, but he is less excited about non-fungible tokens (NFTs) and cryptocurrencies. He described them as “so up in the air” for the most part, highlighting that they had a history of being “rip-offs.”
Wozniak had experienced cryptocurrency fraud. In July 2020, he sued YouTube and Google for exploiting his name and appearance to promote bitcoin giveaway fraud. However, a judge determined last year that Youtube and its parent company, Google LLC, are shielded by federal legislation that shields internet platforms from liability for user-posted content.
On different social media sites, Bitcoin giveaway scams continue to defraud investors. Wozniak isn’t the only celebrity that fraudsters seek to use. Tesla CEO Elon Musk, his firm Spacex, Microsoft co-founder Bill Gates, Apple CEO Tim Cook, Berkshire Hathaway’s Warren Buffett, and a slew of other celebrities have been identified as participants in bogus cryptocurrency giveaways.
The reality TV show Unicorn Hunters, in which Wozniak is participating, launched its own cryptocurrency, unicoin, in February. The Unicorn Hunters follow the “Circle of Money,” a group of investors and entrepreneurs who pitch their enterprises in quest of investment capital. Wozniak is one of the show’s judges. Holders receive dividends and equity stakes in the startup portfolio in which the show invests. According to Apple’s co-founder, Unicoin has truly opened up the realm of startup funding to the general public.
Wozniak explained that because Unicoin is backed by professional investment decisions, it is more conservative than most other cryptocurrencies. Regarding bitcoin, the Apple co-founder stated that it is the only one whose mathematics is pure gold.
This was not Wozniak’s first time praising Bitcoin. He called Bitcoin a “mathematical marvel” in July of last year. He stated in October that the biggest crypto is “mathematical purity.”