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.
“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.
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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