Steve Wozniak, co-founder one of the world’s biggest tech companies, Apple Inc., revealed at a recent business forum that he had cashed in on all of his Bitcoin (BTC) holdings when the price hit an all-time high of nearly $20,000- back in December 2017. Wozniak’s comments first appeared in Business Insider on Jan.24.
Steve told Seth Godin, who was the host of the program, that he wanted to live a stress-free life and not have to worry about the prices. Steve never mentioned the exact amount of Bitcoin that he purchased but he did disclose that he purchased a good amount at the $700 range.
“I wanted to experiment with it,” said Wozniak. And he would have further continued his association with the crypto but went the market went berserk and Bitcoin trading at nearly $20,000, Wozniak reportedly sold all his Bitcoin reserves. Steve also added: “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.”
He further added: “PART OF MY HAPPINESS IS NOT TO HAVE WORRIES, SO I SOLD IT ALL AND JUST GOT RID OF IT.”
Steve’s thoughts on the blockchain and cryptocurrency market have been positive. In a recent financial event, Money20/20, the Apple chief said that he prefers the Bitcoin as it is potentially more valuable than gold or U.S. dollar, since only a fixed number of BTC tokens (21 million) will ever be in mined and be in circulation.
“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.” – Steve
Describing Bitcoin’s as a future-worldwide accepted form of currency despite having sold all his holdings, Wozniak did say that the crypto still remains “just amazing.”
It seems like the reason behind the sale of all his Bitcoin was unrelated to profits. Steve just felt that as the price of Bitcoin change, he might feel more stressed with life overall. Steve also claims that he’s not into the stock investing game. He also claimed that he never used the Apple’s stock app to monitor any market-related activities as well.