Apple co-founder Steve Wozniak believes bitcoin is the only one that’s pure-gold mathematics. He highlighted that some people buy cryptocurrencies because they are not aware of the potential downfalls. And they get hit.
Wozniak doesn’t feel the same about other cryptocurrencies as he does for the popular bitcoin. The metaverse enthusiast says there are so many cryptocurrencies around now. People have found a way to create a new one and celebrity star has been tagged to it. He said it’s like the developers are just collecting money from people who want to invest at the earliest stage to reap its worth.
In regards to other digital assets like non-fungible tokens, Wozniak is not a fan. He described NFTs as so up in the air and having a track record of being “rip-offs”. The businessman has had first-hand experience with crypto scams. And had sued Google and YouTube for promoting bitcoin giveaway scams that used his name and likeness. But the court ruled that YouTube and Google LLC are protected by federal law. It protects the companies from being held responsible for content posted by the platforms’ users.
It should be noted that bitcoin giveaway schemes continue to attract investors, and some fall victims to scams. Popular businessmen and figures like Bill Gates, Elon Musk, and Tim Cook have also been used by fake crypto giveaways to gain investors.
Now, Wozniak is involved in a reality TV series Unicorn Hunters. The TV series features a group of investors called the “Circle of Money”. It also includes entrepreneurs pitching their businesses to gain investment funds. The Unicorn Hunters has established its own cryptocurrency called Unicorn. Holders of this crypto can enjoy dividends and equity positions with startups. Wozniak described the reality TV series as opening up the world of startup investment to the masses.