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Steve Wozniak, best known for co-founding the consumer electronics giant Apple, said that he sold all of his BTC when the digital currency hit its all-time high of about $20,000 in December 2017. Speaking at the Nordic Business Forum in Stockholm, Sweden, Wozniak has declared that he has sold all of his Bitcoin holdings as reported by Financial media outlet Business Insider Nordic on Jan. 24.
Wozniak first became interested in Bitcoin when it was floating around $70; however, he didn’t jump into buying an undisclosed quantity of Bitcoin until it was trading at $700. Wozniak initially invested in Bitcoin because he wanted to ‘experiment’ with the new digital asset class. Revealing his plan, Apple Inc. co-founder explained that:
“My goal was to travel to a place like Stockholm, and go to restaurants and hotels that only accept bitcoin, and only use bitcoin when I travel.”
Wozniak said he dumped his Bitcoin when it reached its all-time high of about $20,000 because he didn’t want to carry the burden of its erratic price movements.
“When it shot up high, I said, ‘I don’t want to become one of those people that watch it, watches it, and cares about the number.’ I don’t want that kind of care in my life. Part of my happiness is not to have worries, so I sold it all — just got rid of it — except just enough to still experiment with.”
Wozniak has always been optimistic and bullish on Bitcoin. At the Money 20/20 conference in October 2017, Steve Wozniak concluded that Bitcoin is better than gold or the U.S. dollar thanks to its mathematically constrained financial supply. He said:
“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.”
Before disclosing his Bitcoin selling, he said to BI Nordic that he has never been into money regarding his investment in cryptocurrency and it was all about experiment purpose. “I’ve never used Apple’s stock app, I don’t buy and sell stock,” he said. After dabbling with Bitcoin notoriously and reaffirming his belief in the cryptocurrency he stated that “Bitcoin is pure digital gold.”