Steve Wozniak says Bitcoin should be a global single currency

Steve Wozniak, the co-founder of Apple, has said that he believes Bitcoin will become a global single currency.

Mr. Wozniak is the latest tech pioneer to promote the idea of Bitcoin being used as the world’s single currency.

Wozniak gave the glowing endorsement for the cryptocurrency in response to recent comments by Twitter founder Jack Dorsey.

Earlier this year, the CEO of the social media giant said that Bitcoin will become an international single currency within ten years.

Speaking to CNBC, “Woz” explains:

“I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way, that is so pure thinking.”

“Bitcoin is mathematically defined, there is a certain quantity of bitcoin, there’s a way it’s distributed…

“And, it’s pure and there’s no human running, there’s no company running and it’s just… growing and growing.”

A more natural currency

According to Wozniak, the decentralized nature of Bitcoin makes it more “natural” as a currency, saying:

A more natural currency

According to Wozniak, the decentralized nature of Bitcoin makes it more “natural” as a currency, saying:

“Nature is more important than all our human conventions.”

His comments are not the first time the Apple Inc founder has publically praised the merits of Bitcoin.

Recently, Mr. Wozniak proclaimed the leading cryptocurrency and its Blockchain technology and better than gold and the US dollar.

The tech guru, who started Apple with Steve Jobs and Ronald Wayne in 1976, says he first became interested in Bitcoin a few years ago.

He says he bought Bitcoin when it was around ten percent of the current value.

He revealed that he later sold all of his digital assets, however, saying that he didn’t want to become “one of those people that watches it, watches it and cares about the number.”

Fiat is “kind of phony”

Speaking in Las Vegas last October, Steve Wozniak described fiat currencies as “kind of phony.”

He told attendees of the conference that traditional currency can be artificially inflated due to quantitative easing measures.

Having no fixed supply for gold was its major drawback, he said at the Money 20/20 event:

“There is a certain amount of bitcoin that can ever exist.

“Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but cryptocurrency is even more mathematical and regulated and nobody can change mathematics.”