Wozniak: Sold All My Bitcoin Holdings at $20,000 Peak

Jan 27, 2019 at 13:30 Update Date :Jan 27, 2019 at 13:30 UTC

Steve Wozniak, co-founder one of the world’s biggest technical firms, Apple Inc., revealed at a recent business forum that he had cashed in on all of his Bitcoin (BTC) holdings when the price hit an all-time high of nearly $20,000- back in December 2017. Wozniak’s comments were first appeared in Business Insider Nordic on Jan.24.

In a chat with the host of the Nordic Business Forum, Seth Godin, Wozniak told the Stockholm audience of his first indulgence in the Bitcoin market came when he had bought an undisclosed number of BTC tokens with Bitcoin trading at around “$700”.

“I wanted to experiment with it,” said Wozniak. And he would have further continued his association with the crypto but went the market went berserk and Bitcoin trading at nearly $20,000, Wozniak reportedly sold all his Bitcoin reserves. He said:

“When it shot up high, I said I don’t want to be one of those people who watches and watches it and cares about the number. I don’t want that kind of care in my life.”

He further elucidated:

“Part of my happiness is not to have worries, so I sold it all and just got rid of it.”

In a technical event, Money20/20, the Apple chief said that he prefers the Bitcoin as it is potentially more valuable than gold or U.S. dollar, since only a fixed number of BTC tokens (21 million) will ever be in mined and be in circulation.

On what he planned to do with his Bitcoin earnings, Woz revealed:

“My goal was to travel to a place like Stockholm, and go to restaurants and hotels that only accept bitcoin, and only use bitcoin when I travel.”

Even though he may have pocketed a handsome return on his Bitcoin trading’s, Wozniak says:

“I’ve never been into money in any way. I’ve never used Apple’s stock app, I don’t buy and sell stock.”

Describing Bitcoin’s as a future-worldwide accepted form of currency despite having sold all his holdings, Wozniak did say that the crypto still remains “just amazing.”

Also Read: Auscoin Brings in a Reported $500,000 a Week: Sam Karagiozis

Leave a Reply

Please Login to comment
  Subscribe  
Notify of