Apple Co-Founder Sells All BTC Holdings
The co-founder of Apple named Steve Wozniak has revealed that he recently sold all of his Bitcoin. The decision he did came after the world’s leading digital currency hit the $20,000 range in December 2017. The interesting revelation was officially confirmed by a financial media outlet.
Selling All BTC Holdings
Wozniak reportedly spoke at the titular Nordic Business Forum, which took place in Stockholm, Sweden. At the event, the tech company’s executive admitted that he first purchased a massive quantity of the cryptocurrency, though he did not disclose the volume. According to him, this happened during the time the digital currency was at a price range of $700.
Wozniak said that he decided to do so simply because he wanted to experiment on its existence. He further clarified that he initially had plans about it. Basically, his goal was to embark on a journey to a place like Sweden. From there, he would go to different hotels and restaurants, specifically establishments that would accept Bitcoin as payment.
Interestingly, the co-founder plans to travel to the world and use the aforementioned cryptocurrency as a method for payment. When the crypto finally reached an all-time high of around $20,000, he decided to sell off his BTC holdings without any hesitation.
The iPhone manufacturer’s executive said that when the digital currency shot up high, he did not want to be one of those individuals who just watch and care about the figures. He added that this is the not kind of life he wants to have. As a matter of fact, he said that part of his happiness is to eliminate all worries. Hence, he sold his Bitcoin holdings without hesitation whatsoever.
Pure Digital Gold
Wozniak further stated that “money” has never been his thing and it has not changed his perspective throughout the many years. He even went to say that he has never utilized Apple’s stock app, not to mention entertaining the idea of buying and selling stock.
As previously reported in June, Wozniak reiterated that Bitcoin is – and always will be – deemed “pure digital gold.” This simply reaffirms his belief that the cryptocurrency is successful. And despite selling all of his holdings, he never doubts the power that the digital currency has over other cryptocurrencies.
Furthermore, he previously described the blockchain technology as a bubble that is akin to the dotcom era. This comparison was made by him on the same month he gave a subtle description of Bitcoin.