With the constant turbulence the price of Bitcoin (BTC) has been facing, we wouldn’t hold it against you, if you were ready to sell your share of the currency. Who knows that the price it at now is as good as it gets. And interestingly enough, Apple’s co-founder is in the same boat.
Reportedly, Steve Wozniak, the co-founder of one of the biggest names in the tech industry, has sold all his Bitcoins. He took this drastic move when the currency was at $20,000, back in the December of 2017.
According to the financial media outlet Business Insider Nordic, Wozniak, while speaking at the Nordic Business Forum in Stockholm, Sweden, revealed that he initially purchased an undisclosed amount of Bitcoin, back when the currency’s price was at about $700. He also said that the reason behind the purchase was to experiment with it.
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.
He added as he explained what he wanted to do with his bought Bitcoins it.
However, his Bitcoin powered travel plans came to a halt when Bitcoin reached its all time high of about $20,000, following which, he reportedly sold all of his BTC holdings. 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 […] Part of my happiness is not to have worries, so I sold it all and just got rid of it.
In conclusion, Wozniak added that he has never been much into money anyway. He even went as far as saying that he has never even used Apple’s stock app, saying,
I don’t buy and sell stock
Lets see if other people follow suit considering the predictions of BTC price plummeting further down. For further details, stay tuned to BlockPublisher.