Steve Wozniak: Bitcoin is better than gold and USD
CryptoBit News Today2 min read
The co-founder of Apple, Steve Wozniak, echoed McAfee's bullish sentiment for Bitcoin, asserting that it's superior to both gold and the U.S. dollar during an interview with CNBC at the Money 20/20 conference in Amsterdam this week.
He argued that Bitcoin offers a harder cap on supply than gold, which can still be mined. "There is a certain finite amount of bitcoin that can ever exist," Wozniak said. "Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics." In contrast, he believes fiat money can simply be printed as some influential bankers want.
Wozniak has been an early admirer of the cryptocurrency, expressing admiration for it when the digital currency was first presented.
Other notable speakers at this year's Money 20/20 event included Benjamin Lawsky, the former New York state financial services chief.
Disputes with banks, caution on ICOs
During his remarks, Lawsky disclosed that he once rejected a "shut Bitcoin down" request from a bank lawyer. He also raised concerns about the dangerous nature of initial coin offerings (ICOs), suggesting they could trigger a backlash against the entire crypto system if they get out of control.
Lawsky also defended the controversial BitLicense regulatory framework for cryptocurrency, which was implemented under his management for New York's financial authorities. He argued that it makes even more sense "in the context of China," where regulators have cracked down on ICOs and exchanges.
What Wozniak Said Next
On 4 June 2018, Wozniak declared that "only Bitcoin is pure digital gold" during an interview with CNBC, reaffirming his faith in the cryptocurrency despite having largely liquidated his holdings. "I have one Bitcoin and two ether," he disclosed, having initially purchased his Bitcoin when the price was $700, some $6,700 less than the then-current value.
Later that month he compared blockchain to the dot-com mania: "It was a bubble, and I feel that way about blockchain." Though the cryptocurrency had already lost over half its value that year, he still described it as “just amazing”.
As late as 11 March 2022, Wozniak singled out Bitcoin from the pack, saying, "Bitcoin is safe because it’s the big elephant on the block." Of having his likeness misused in fraudulent bitcoin ads, Wozniak told CBS News on 11 Aug 2025, "Some people said they lost their life savings." He is still fighting YouTube in court over a case he brought in 2020.
