Despite its rollercoaster ride in the market, there are always those who remain steadfast in their belief in Bitcoin. One of them is a pillar of the tech giant, Apple Inc.
Steve Wozniak – the co-founder of Apple – has stated that he expects the world’s best 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 bought a large amount of bitcoin in the beginning to demonstrate how to use this new technology. How do you make an online purchase? I overcame that. How do you buy items abroad and how do you pay for a donut?”
In addition, the computer programmer and philanthropist have been thinking about how individuals find ATMs that accept bitcoin. “I want to experience and absorb everything,” he stated.
The Faith of Apple Co-Founder
According to Wozniak, Bitcoin is the “most incredible mathematical miracle”.
Last July, speaking in Talent Land Jalisco, he told his virtual audience that Bitcoin was superior to gold because of its verified digital scarcity.
While admitting that he was unable to mathematically quantify his prediction, Wozniak noted that effective interest in cryptocurrency made the price achievable.
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“I believe Bitcoin will eventually reach $100,000… I am unable to quantify it mathematically; I just feel it because of all 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 is currently trading at a 24-hour volume of $14,260,302,441 and is up 0.13% in the last 24 hours.
BTC total market cap at $740.78 billion on the daily chart | Source: TradingView.com
Other Bigwigs See Bitcoin Hit $100K
Even in times of war, the intrigue and mystique surrounding Bitcoin continues to make headlines.
One of the biggest proponents of the crypto is Bitbull Chief Executive Officer Joe DiPasquale.
Despite a drop in Bitcoin’s price since November, DiPasquale believes the digital asset is still on track to reach the vaunted milestone of $100,000 per coin.
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And then there’s Standard Chartered. In September 2021, a report by the British bank’s cryptocurrency research team predicted that Bitcoin would soon cross the $100,000 mark. Bitcoin traded at $50,000 that month.
Michael Saylor, the CEO of MicroStrategy, also has higher expectations for the long-term price of Bitcoin.
Similarly, Anthony Scaramucci, CEO of SkyBridge Capital, another crypto believer, claims that the pioneer cryptocurrency would one day be worth $500,000 per 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 veteran engineer previously indicated that he sold all the Bitcoins he bought during the early days of the market for experimental purposes.
While fears remain that the Bitcoin market will continue to plunge in the near to medium term due to a variety of macroeconomic forces, positive prospects for the cryptocurrency’s long-term potential remain.
Featured image from TechSpot, chart from TradingView.com