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5 Jun, 2018 11:20

Apple founder Steve Wozniak hopes bitcoin will become a single global currency

Apple founder Steve Wozniak hopes bitcoin will become a single global currency

Tech legend Steve Wozniak says he is attracted to the “purity” of the idea that people around the world could one day share a single currency, despite being separated by national borders.

He echoed Twitter CEO Jack Dorsey, who recently said that he believes bitcoin will become the single currency worldwide.

“I buy into what Jack Dorsey says, not that I necessarily believe it's going to happen, but because I want it to be that way, that is so pure thinking,” Wozniak told CNBC on the sidelines of the Money 20/20 conference in Amsterdam.

The tech guru who bought bitcoin when the single coin cost around $700 said recently that he was not interested in turning a profit and was instead focused on the blockchain technology behind bitcoin. Wozniak explained that he used blockchain to make secure payments while travelling abroad.

“Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there's a way it's distributed… and it's pure and there's no human running, there's no company running and it's just… growing and growing… and surviving, that to me says something that is natural and nature is more important than all our human conventions,” said Wozniak, who also owns two ether crypto coins. 

He announced recently that he has sold all but one bitcoin. The world's top digital currency was trading at $7,454 on Tuesday.

Currently, there are over 1,000 cryptocurrencies in existence, but Wozniak says that bitcoin is the only one that remains “pure” because others have had to give up some of the aspects that makes bitcoin what it is.

“Only bitcoin is pure digital gold… and I totally buy into that. All the others tend to give up some of the aspects of bitcoin. For example, being totally decentralized and having no central control. That's the first one they have to give up to try to have a business model.”

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