Apple co-founder, Steve Wozniak, recently stated that he has liquidated most of his bitcoin holdings whilst speaking at a business forum in Sweden. Mr. Wozniak has previously stated that he had purchased bitcoin for approximately $700 USD, suggesting that he likely realized gains of more than 1000%.
Wozniak Sells Bitcoin Stash
Speaking at the Nordic Business Forum in Sweden on January 24th, Steve Wozniak told an audience that he has liquidated nearly all of his bitcoin holdings. Mr. Wozniak stated that he does not want to obsess over the price of bitcoin, and chose to cash out after the price “shot up.”
“I had bitcoin to experiment with and when it shot up high, I said, ‘I don’t want to become one of those people that watches it, watches it and cares about the number.’ I don’t want that kind of care in my life. Part of my happiness is not to have worries, so I sold it all — just got rid of it — except just enough to still experiment with,” Mr. Wozniak said.
The Apple co-founder also stated his primary interest in Bitcoin moving forward will be using the cryptocurrency as a means of payment.
“Life is About Happiness”
In 2017, Mr. Wozniak recounted his entrance into the bitcoin markets, stating “I remember getting interested in bitcoin some time ago. It was $70 for a bitcoin, man and I went online and you had to have a special bank account at a special bank and I couldn’t buy any bitcoin so I gave up. Eventually, I got some of them at the $700 stage.”
After having likely closed his position at a more than 1000% profit, Mr. Wozniak is at peace with his decision to liquidate the majority of his bitcoin stash. “If I died and had all this wealth and yachts and all this stuff, would I be as happy as when I laugh? And I thought about pranks I played and jokes I had told and music I would hear that would make me smile, and I came up with my formula that life is about happiness.”