When Deirdre Bosa of the American Consumer News and Business Channel was interviewed at the "Money 20/20" event last weekend, Steve Wozniak, the co-founder of Apple, said that he thought Bitcoin was a better value standard than gold and dollars. He explained that the difference between the two is that the supply of bitcoin is limited, because it is estimated that only 2 1 10,000 bitcoins can be mined. Unlike the dollar or any other legal tender, Bitcoin is not affected by the whim of influential bankers. On the other hand, no one knows how much gold can be mined at any time in the world. Wozniak said that in this sense, gold is "a bit fake", while bitcoin is more "real".

Prior to this, the price of bitcoin soared for several months, and it broke through the $6,000 mark for the first time. At present, the price of Bitcoin has stabilized at around $5,500, but we can expect that Bitcoin will continue to show its real potential. This is why experts like Wozniak predict that this cryptocurrency may eventually replace gold as the standard of financial value-he thinks this view is quite attractive.

The number of bitcoins is limited. Gold mining, mining and mining. Perhaps the amount of gold in the world is limited, but the mathematics and supervision of cryptocurrency are stricter, and no one can change mathematics. "Wozniak explained. In short, bitcoin, as a standard, is difficult to change global prices.

More stable than gold?

But is the number one cryptocurrency really more stable? Yes and no, critics will say that it is prone to value fluctuations, making it quite unstable. However, as Tom Lee, co-founder of FundStrat Global Consulting, told Business Insider earlier, this fluctuation is predictable and not unique to this cryptocurrency. "When people talk about the fluctuation of Bitcoin today, they forget that when we left the gold standard of the US dollar, the fluctuation of gold price in the past four years was similar to that of Bitcoin today."

Crucially, Wozniak commented that bitcoin is easier to regulate than gold. Then he compared the stability of Bitcoin to owning a house. "Your house is very valuable." If it is a house now, 40 years later, even if the price rises, the government will collect more taxes from it, and it is still a valuable house, "said the former Apple senior engineer, whose interest in cryptocurrency started just for fun.

Considering all the volatility, the government and regulators continue to "experiment" with the growing cryptocurrency market. Some people have taken more severe measures to completely ban this cryptocurrency. However, bitcoin still exists, and experts predict that the value of bitcoin will rise sharply in the coming months.