Apple Founder Steve Wozniak Predicts Bitcoin Price Can Touch IDR 1.4 Billion

Apple Founder Steve Wozniak Predicts Bitcoin Price Can Touch IDR 1.4 Billion

global.gerbangindonesia.org – Apple Founder Steve Wozniak Predicts Bitcoin Price Can Touch IDR 1.4 Billion

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Apple co-founder Steve Wozniak recently shared his views on cryptocurrencies in an interview on Wild Ride with the Steve-O podcast.

He started by sharing his Bitcoin investment experience where he had bought a lot of Bitcoins in the beginning to find out how to play with the novelty.

“How do you buy something online? I conquered that. How do you buy things in other countries, and how do you pay for donuts in other countries? How do you find an ATM that works on your bitcoins? I wanted to experiment and learn everything,” Wozniak said, quoted from Bitcoin.com, Wednesday (23/3/2022).

Wozniak explained that the purpose of buying Bitcoin at that time was to have enough of the asset as an experiment, but not to make money.

“However, I actually managed to make money twice from that asset,” he said.

The Apple founder continued his explanation regarding predictions about the future price of Bitcoin. Wozniak thinks and can feel the price of Bitcoin could touch USD 100,000 or around Rp. 1.4 billion.

“I don’t know where to get that feeling. I can’t put math into it. I just really feel it from all interest. Interest in crypto is very high,” said Wozniak.

Wozniak further revealed that he recently put a lot of money into an online wallet on the Nasdaq-listed crypto exchange Coinbase.

“Pretty much, it sits right where it is now. it went up, doubled, and then halved again,” he said.

Even though Wozniak has some money in Bitcoin, he explains and admits he is not an investor.

“I don’t invest. I’ve never invested in stocks in my life. I’ve never used Apple Stock on an iPhone. Why? That goes into my formula for happiness,” he said.

Wozniak has said some good things about Bitcoin in the past. Last week, he said Bitcoin is the only cryptocurrency that is “mathematical pure gold.” In July last year, he also said Bitcoin was a “math magic”.

Flow of Funds Out of Crypto in 2 Weeks, What’s Up?

Apple Founder Steve Wozniak Predicts Bitcoin Price Can Touch IDR 1.4 Billion

Previously, cryptocurrency investment products and funds showed net outflows for the second week in a row, according to a report from digital asset manager CoinShares on Monday.

This is likely due to persistent concerns about regulation and the possible impact of the Russian-Ukrainian conflict.

The crypto sector recorded a net outflow of USD 47 million or around IDR 674.3 billion in the third week of March 2022, after experiencing an outflow of USD 110 million in the previous week.

The outflow comes amid ongoing efforts to regulate crypto. President Joe Biden signed an executive order a few weeks ago requiring the government to assess the risks and benefits of creating a central bank digital dollar, as well as other crypto issues.

Specifically in the largest cryptocurrency, bitcoin, there was the largest outflow of USD 33 million in the last week, the report shows, following the previous USD 70 million outflow. However, year-to-date flows remained positive, amounting to USD 63 million.

“Although Bitcoin has shrunk back a bit after hitting USD 42,000 over the weekend, it still worked as it closed the week well above USD 40,000,” said Mikkel Morch, executive director at digital asset hedge fund ARK36. March 22, 2022.

Such a decline seems healthy after significant gains over the past week and should not be viewed as a negative reaction to certain geopolitical or macro news. As long as Bitcoin stays above USD 40,000, there is a good chance it will continue to rise in price.

Meanwhile, Ethereum-based products had an outflow of USD 17 million last week, lower than the previous week, which recorded an outflow of USD 50 million.

Ethereum continues to suffer from negative investor sentiment, analysts said, with outflows this year amounting to $151 million, or 1.2 percent of total assets under management.

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