Steve Wozniak recently declared that he sold all his Bitcoin (BTC) holdings when the digital currency tested its all-time high in December 2017. Steve Wozniak is the co-founder of Apple, and he said he sold all his Bitcoin (BTC) when it peaked at $20k. This was reported by Business Insider Nordic – Financial media outlet – on the 24th of this month.
Wozniak revealed this when he was speaking at the Nordic Business Forum in Stockholm, Sweden. While speaking at the forum, he said he first invested in an undisclosed quantity of Bitcoin (BTC) when the digital currency was still trading at $700.
The Reason Why Steven Wozniak Invested in Bitcoin (BTC)
He said he initially invested in the digital currency because he wanted to experiment with it. He later revealed what he wanted to do with the digital currency.
Wozniak said: “My goal was to travel to a place like Stockholm, and go to hotels and restaurants that accept Bitcoin (BTC), and only use the digital currency when I travel.”
Still, when the value of the digital currency hit its all-time high of about $20k, he reportedly sold all the Bitcoins he had. Wozniak said: “When Bitcoin (BTC) skyrocketed, I said I don’t want to be one of those who watches and watches it and cares about the number. I do not want that kind of care in my life. Part of my happiness is not to have worries, so I sold all my Bitcoin (BTC) holdings and just got rid of it.”
When Bitcoin (BTC) reached its all-time high of about $20k, a lot of traders and investors were attracted to the space. The digital currency space saw an influx of investors, as Bitcoin (BTC) wasn’t the only digital currency that soared that high. Other digital currencies in the market surged massively, with Ethereum (ETH) trading over the $1,500 mark.
However, many did not see the massive plunges coming. Bitcoin (BTC) entered 2018 still on the high side, but as months go by, so does the value of the coin. The digital currency declined heavily last year and lost more than 80 percent of its value from its all-time high. Many regretted not selling when it peaked at $20k, but that is not the case of Steve Wozniak.
The co-founder of Apple said that he has never been into money in any way before saying that he has never used the stock app of Apple. He said he doesn’t buy and sell stock.
Only Bitcoin (BTC) Is Pure Digital Gold – Wozniak
According to a report by Cointelegraph in June 2018, Wozniak said that only Bitcoin (BTC) is pure digital gold. He said this during an interview. He said this to reaffirm his belief in the digital currency despite the fact that he has sold all his Bitcoin (BTC) holdings at that time.
Bitcoin (BTC) Price Today – BTC / USD
At the time of writing, Bitcoin (BTC) is down by 1 percent over the past twenty-four hours, leaving the digital currency to trade at $3,555. The current market cap of the digital currency is $62.26 billion with a trading volume of $2.53 billion over the past twenty-four hours. The performance of Bitcoin (BTC) in 2018 was very poor, and many are expecting a massive price reversal this year.