Apple co-founder Steve Wozniak believes that bitcoin is superior to both gold and the “phony” U.S. dollar.
As reported by Bitcoin Magazine, Wozniak made this assertion at the Money 20/20 conference in Las Vegas, explaining that although bitcoin is criticized for its price volatility, it is more stable than government-backed currencies such as the U.S. dollar since it has a fixed supply, while fiat currencies can be easily diluted.
“There is a certain finite amount of bitcoin that can ever exist,” the publication cites Wozniak as saying. That makes it “more genuine and real” than the dollar, which is “kind of phony” since the U.S. government can issue new units of currency for purely political reasons.
Praising bitcoin’s utility as a store of value, he compared it to owning an appreciable asset such as a house.