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Apple cofounder praises Bitcoin more scarce than gold and an a

Date:2024-07-25 19:18:56 Channel:Exchange Read:

In the wave of digital currency, Bitcoin is undoubtedly a shining star. Apple co-founder Steve Wozniak's recent evaluation of Bitcoin has attracted widespread attention. He called Bitcoin "a mathematical miracle that is more scarce than gold and amazing." This evaluation not only reveals the unique charm of Bitcoin, but also provides us with a new perspective to deeply understand the value of digital currency. This article will explore the scarcity of Bitcoin, the mathematical principles behind it, and its comparison with gold from multiple perspectives, so as to have a more comprehensive understanding of this digital asset.

When discussing the scarcity of Bitcoin, we first need to understand the supply mechanism of Bitcoin. The total amount of Bitcoin is set at 21 million, which makes Bitcoin naturally scarce. Unlike traditional currencies, central banks can arbitrarily increase the money supply through monetary policy, while the supply of Bitcoin is strictly limited. The mining reward will be halved every 210,000 blocks. This process is called "halving", and it is expected that the last Bitcoin will be mined by 2140. Therefore, the scarcity of Bitcoin is not only a theoretical concept, but also realized through its code and economic model.

The reason why Wozniak called Bitcoin an "amazing mathematical miracle" is precisely because of Bitcoin's underlying technology - blockchain. Blockchain technology uses complex cryptographic principles to ensure the security and immutability of transactions. Every Bitcoin transaction is recorded in a decentralized ledger, and no one can unilaterally change this record. This transparency and security give Bitcoin a very high degree of trust in the digital world. It can be said that Bitcoin is not only a digital currency, but also a new trust mechanism.

Compared with gold, the scarcity of Bitcoin is more obvious. Although the supply of gold is also limited, the cost of its mining and refining and technological advances may lead to an increase in the supply of gold. The supply of Bitcoin is strictly controlled by its algorithm and cannot be increased by technical means. This "inherent scarcity" makes Bitcoin more valuable to some extent. Many investors regard Bitcoin as the "digital gold" of the digital age and give it a unique position in asset allocation.

In addition, Bitcoin's liquidity and globality are also its advantages over gold. Bitcoin can be traded 24 hours a day around the world without intermediaries, reducing transaction costs and time. Gold transactions often require physical delivery, which not only increases the complexity of transactions, but also limits its liquidity. As more and more merchants begin to accept Bitcoin payments, this liquidity will be further enhanced, allowing Bitcoin to play a more important role in future financial transactions.

When talking about the future of Bitcoin, many experts are optimistic. With the development of the digital economy, more and more people are beginning to accept and use Bitcoin. According to the forecast of some research institutions, by 2025, Bitcoin will become one of the most popular payment methods in the world. Wozniak's views also reflect this trend. He believes that Bitcoin is not only an investment tool, but also an important part of the future financial system.

Of course, the rise of Bitcoin has not been smooth sailing. Factors such as its high price volatility and uncertain regulatory policies may hinder the popularity of Bitcoin. However, as with many innovations in history, challenges and opportunities coexist. Bitcoin supporters believe that these problems will eventually be solved with the continuous advancement of technology and the maturity of the market.

In terms of personal investment, Wozniak's views are also worthy of attention. He believes that despite the huge potential of Bitcoin, investors still need to remain rational and not blindly chase the rise. In his view, reasonable asset allocation and risk control are the key to successful investment. As the Bitcoin market continues to develop, investors need to constantly learn and adapt to the new market environment in order to remain invincible in the competition.

In general, the rise of Bitcoin is not only the result of technological innovation, but also a challenge to the traditional financial system. Wozniak's praise has injected new confidence into Bitcoin, prompting more people to pay attention to this digital asset. In the days to come, Bitcoin will continue to play an important role in the global financial market, and its unique scarcity and mathematical principles will attract more and more investors and users.

As society's understanding of Bitcoin gradually deepens, we should also pay attention to the deeper meaning behind it. Bitcoin is not only a digital asset, but also a re-examination and thinking of the traditional financial system. When we face the future financial environment, perhaps we can learn from the concept of Bitcoin and explore a more open and transparent financial system.

In this era of information explosion, the emergence of digital currency provides people with new choices. As a pioneer of digital currency, Bitcoin has not only changed people's payment methods, but also reshaped our concept of wealth to a certain extent. The future financial world will be more diversified, and Bitcoin will undoubtedly continue to occupy a place in this diversified world.

Through in-depth analysis of Bitcoin, we can not only better understand the value of this digital currency, but also provide reference for our own investment decisions. In this process, keeping an open mind and rational thinking will be our best weapon to deal with future challenges. The future of Bitcoin is full of possibilities, which is worth exploring and thinking by each of us.

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Gold is not as scarce as Bitcoin

According to the local Mexican media "El Sol de México", Apple co-founder Steve Wozniak attended the Talent Land
Digital event in Jalisco, Mexico earlier.

He praised Bitcoin again: "Bitcoin may be better than gold. We have been looking for gold, but one day, we will produce gold in factories. Bitcoin is the most amazing mathematical miracle."

He said that he did not invest in Bitcoin, but firmly believed that it would have a place in the future.

Sold Bitcoin at a high point

This is not the first time that Steve Wozniak has praised Bitcoin in public, and what he said about not investing in Bitcoin should refer to the present.

Because he mentioned in an interview with CNBC in 2018 that he bought Bitcoin at $700, and because he could not bear the continuous volatility, he did not want to be the group of people who pay attention to the rise and fall all day long, and he successfully took profits at the high point, but he did not disclose the exact time and amount of cashing out.

New Network

In addition, he highly praised blockchain technology at the ChainXchange conference in 2018: It is so independent, a bit like a new network. I am amazed by the technology behind it. I have encountered people working in the real estate field, under the Uber system, and especially those behaviors involving transactions in our lives. For me, these are things that few people can see the value behind. This reminds me of the early Internet era.

Previously, Twitter founder Jack Dorsey believed that Bitcoin will become a global currency in a few years, and Steve
Wozniak hopes that this will happen. He said: Bitcoin is based on mathematical principles, with a fixed total amount and distribution method. There is no specific person or company operating it. It just continues to grow and survive. This is like a result of natural operation to me, which is more important than all the conventions.

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