The time when Steve Wozniak was pleased with $700 Bitcoins

Steve Wozniak

Let’s remember famous quotes about Bitcoin from one of the most recognized inventors, electronic engineer, and programmer, co-founder of Apple Computer – Steve Wozniak when spoke about his first interest in Bitcoin. He talked about his attempt to acquire the first cryptocurrency at a price of $70 per coin.

During a speech at a technology conference in Miami, the co-founder of Apple stressed the importance of Bitcoin for the popularization of the technology of blockchain. Wozniak answered questions about the rapid rise of the cryptocurrency, the technology of the blockchain and their potential for revolutionary changes in society.

Steve Wozniak about Bitcoin

Wozniak spoke about the key functions of blockchain technology in terms of security and traceability. He called them the factors that underlie almost all components of any banking industry oriented towards decentralized innovations.

Then the inventor told about his first attempt to buy Bitcoins several years ago at a price of about $100 per coin. Wozniak acquired the cryptocurrency not as an investor, but as a user who was interested in “playing” with Bitcoin.

“I remember getting interested in bitcoin some time ago. It was $70 for a bitcoin. Man, I went online and you had to have a special bank account at a certain bank and I couldn’t buy any bitcoin so I gave up. Eventually, I got some of them at the $700 stage and then it went down to $350. Oh my gosh. I didn’t invest, I did it so I could play with Bitcoin. How do you buy things and how could you sell things?”

After that, Steve Wozniak started looking for sites that accept payment in bitcoins and found Tigerdirect. Since then, Bitcoin has come a long way. Now, the number of companies accepting payment for cryptocurrency includes Microsoft, Dell, Newegg, Overstock, and Rakuten.

Current Situation

Currently, Wozniak participates in investments. Being an early supporter of Bitcoin, he says that during his travels he is looking for hotels and restaurants accepting Bitcoins for payment. When reminded that recently Bitcoin was trading at $3,000 — 4.5 times higher than the price at which he once acquired the cryptocurrency, he said:

“I was just playing around to find out how to buy and sell stuff and I didn’t care about the fact that I’d lost a ton of money [when it went down, but he held on] and now I’m way up“.

Bitcoin entered 2017 with a price of 1,000 dollars for a coin. In six months, the cryptocurrency took a new record, reaching a mark of 3,000 dollars. At the time of the conference, the Bitcoin rate was about $2,300. Now, at the time of publication, BTC price is $5,544.


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