Apple co-founder Steve Wozniak has sold all his Bitcoins because he does not want to be one of the people who just watch the number. He said this in Nordic Business Forum in Stockholm, Sweden.
The goal is not to calculate Bitcoin numbers all the time
Having bought the coin in June when it was priced at $700 each means he has already made some profit out of it. He wanted to experiment with it and sold last fall.
“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,” Wozniak said in a Q&A with marketing guru and author Seth Godin.
He said during the forum that he did not want to keep worrying about the coin so he sold all of them though did not disclose how much he had bought or sold either. He said the initial belief of the coin turned out premature.
“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,” Wozniak said.
Wozniak had earlier said he admired Bitcoin from the outset and considered it as a better potential store of value than gold or U.S. dollar.
“I remember getting interested in bitcoin some time ago,” Wozniak said. “It was $70 for a bitcoin, man and I went online and you had to have a special bank account at a special bank and I couldn’t buy any bitcoin so I gave up. Eventually I got some of them at the $700 stage and it went down to $350. I didn’t invest, I did it so I could play with bitcoin.”
He also said in June last year that he loved the idea of blockchain and many banks were probably interested in it because it had good security and traceability.