Despite its rollercoaster ride in the market, there are always people who remain steadfast in their belief in Bitcoin. One of them is a pillar of tech behemoth, Apple Inc.
Steve Wozniak — the Apple co-founder — has stated that he expects the world’s top cryptocurrency to reach $100,000 in the near future.
Wozniak discussed cryptocurrency in a recent interview on the Wild Ride with Steve-O podcast.
“I purchased a large amount of bitcoin at the outset to demonstrate how to use this new technology. How do you make an online purchase? I conquered that. How do you purchase items in foreign nations, and how would you pay for a donut?”
Additionally, the computer programmer and philanthropist pondered how individuals locate ATMs that accept bitcoin. “I want to experience and absorb everything,” he stated.
The Apple Co-Founder’s Belief
According to Wozniak, Bitcoin is the “most incredible mathematical marvel.”
In July last year, when speaking at Talent Land Jalisco, he told his virtual audience that Bitcoin was superior to gold due to its verified digital scarcity.
While admitting that he was unable to quantify his prediction mathematically, Wozniak noted that effective interest in cryptocurrency made the price attainable.
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“I believe Bitcoin will eventually reach $100,000… I am unable to quantify it mathematically; I simply feel it as a result of all of the interest. The interest in cryptocurrencies.”
Bitcoin is currently trading below the $40K threshold, at $39,084.76 according to CoinMarketCap’s price monitoring.
BTC currently trades at a 24-hour volume of $14,260,302,441 and is up 0.13% over the last 24 hours.
BTC total market cap at $740.78 billion on the daily chart | Source: TradingView.com
Other Bigwigs See Bitcoin Hitting $100K
Even during times of war, the intrigue and mystique surrounding Bitcoin continue to hog the headlines.
One of the biggest proponents of the crypto is Bitbull Chief Executive Officer Joe DiPasquale.
Despite a decrease in the price of Bitcoin since November, DiPasquale believes the digital asset is still on track to reach the vaunted $100,000 per coin milestone.
Related Article | Veteran Trader Advises ‘Gen Zs’ To Set Aside Savings On Bitcoin And Hold
And then there’s Standard Chartered. In September 2021, a report by the cryptocurrency research team at the British bank forecasted that Bitcoin would soon surpass the $100,000 mark. Bitcoin was trading at the $50,000 mark that month.
Michael Saylor, the CEO of MicroStrategy, also has higher expectations for Bitcoin’s price in the long term.
Similarly, SkyBridge Capital CEO Anthony Scaramucci, another crypto believer, maintains that the pioneer cryptocurrency would one day be worth $500,000 a unit.
Positive Outlook For Bitcoin Remains
Meanwhile, Wozniak confirmed that he has made some Bitcoin purchases through a Coinbase account.
Also known as “Woz,” the seasoned engineer previously indicated that he sold all of the Bitcoins he purchased during the market’s early days for experimental purposes.
While fears persist that the Bitcoin market will continue to dive in the short to medium term due to a variety of macroeconomic forces, positive outlooks for the cryptocurrency’s long-term potential persist.
Featured image from TechSpot, chart from TradingView.com
Bitcoin does not lack an army of firm believers despite its ups and downs in the market. Co-founder of Apple, Steve Wozniak, has said that he expects the price of Bitcoin to reach $100,000 soon.
Interest in crypto will drive Bitcoin to new highs
The veteran engineer made the statement in a recent episode of “Steve-O’s Wild Ride!” where he also talked about his various adventures with Bitcoin and crypto.
While conceding that he could not put any mathematics to his prediction, Wozniak stated that growing interest in crypto made the price achievable.
I think Bitcoin is going to $100k… I can’t put any mathematics to it, I just really feel it from all of the interest. The interest in crypto, Wozniak explained.
He further revealed that he has resumed making some purchases of Bitcoin using a Coinbase account. Wozniak has previously stated that he had sold all of the Bitcoins he bought in the early days of the market for experimental purposes. He maintains that his current Bitcoin investments are not for outsized gains.
The former Apple executive has long been a staunch Bitcoin supporter. In another recent interview with Business Insider, he described Bitcoin as the only cryptocurrency with “pure-gold mathematics.” He noted that other cryptocurrencies do not have his trust.
Wozniak has also defended Bitcoin from critics of its high energy usage. He holds that Bitcoin only uses as much energy as it is worth, like every other human endeavor.
Bitcoin bullish remain bullish despite price slump
Wozniak’s view on where the price of Bitcoin is headed is shared by many other Bitcoin supporters. Michael Saylor, the CEO of MicroStrategy, has even higher expectations for Bitcoin’s price in the long term.
Saylor has often stated that Bitcoin will surpass the gold market eventually with more adoption. Recently, he reiterated that the ongoing Russia-Ukraine war will only accelerate the adoption of Bitcoin.
Wozniak is also joined by Binance CEO, Changpeng Zhao, who lately shared that crypto is not going anywhere, but was instead going to keep growing.
Similarly, SkyBridge Capital’s CEO Anthony Scaramucci, another crypto bull, continues to affirm that the pioneer crypto will one day be valued at $500,000 per unit.
On the day, Bitcoin is trading at around $39,100, down -0.18%. The market has traded around the price range of $44,950 to $37,300 in the last two weeks and is down around 43% from its all-time high.
While fears remain that the Bitcoin market could tank further in the short to medium term amidst various macroeconomic pressures, optimistic outlooks continue to linger for its long-term potential.
Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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