Those still having a lot of hope in Bitcoin’s future just witnessed the world’s most popular cryptocurrency receive a major endorsement by none other than Steve Wozniak, the co-founder of Apple Inc. alongside Steve Jobs.
Wozniak’s statement suggests that he desires Bitcoin to be made the single currency for all transactions on the internet going ahead.
This comes soon after a similar statement by another prominent personality in the tech industry, Jack Dorsey, the CEO of Twitter.
Wozniak Justifies His Statement but Not Sure It Will Happen
It was in an interview to one of the business channels that Wozniak made his views clear. He went on to explain why he believes that Bitcoin has the basic strength to be considered as the sole contender for being made the internet currency for the future.
He referred to the strength that Bitcoin enjoys in terms of its mathematical distinction, the quantum of currency in circulation and the fact that it is the technology that controls the currency—and not human intervention—that powers the cryptocurrency. According to him, all these points add up to a strong position to be considered.
The statement expressed by Wozniak was almost on the same lines as what Jack Dorsey had said earlier. He stated that the market should adopt Bitcoin globally as the single independent currency on the internet and allow all transactions to be conducted in it.
Wozniak also acknowledged that he was aware of what Jack Dorsey had said and that they were on the same page.
There are others who see this statement by Wozniak now as a shift in his position on the cryptocurrency from his previous views.
In February, he had a bitter experience in trying to dispose of all the Bitcoins in his possession. He got short charged by a crook online, and had sounded quite despondent at that time.
Before that experience, he had previously made a claim in 2017 that Bitcoin would be a better bet than gold.
Dorsey Has Vested Interest
Dorsey holds the position of CEO of Square, a popular digital payments app. In a way, he was forced to acquiesce to the demand from the customers of Square to include payments by Bitcoin on its app.
The reality is that the value of the stock of his company seems to be doing well after this move to include Bitcoin as a valid currency for making transactions on the app.
Some Sceptics May Still Remain
These are personalities who have spoken out in favor of Bitcoin and have spoken about its merits in glorious terms.
But there are still experts who insist the cryptocurrency cannot be trusted as a global common financial instrument to cover all financial transactions like the US Dollar or Euro does.
When currencies of such strong economies like China have not found universal acceptance, to expect a virtual currency which has no physical asset to back it would sound far-fetched to them.
The other issue of the currency being used predominantly for dark web transactions is a sticking point too in the acceptability of Bitcoin.