Apple’s Co-Founder Says Bitcoin Is Better Than Gold

Apple co-founder Steve Wozniak is betting on Bitcoin, saying that the cryptocurrency could become a better standard of financial value than gold or the U.S. dollar. Wozniak argued that Bitcoin is more stable and less prone to arbitrary supply changes

MORE STABLE THAN GOLD?

But is the number-one cryptocurrency truly more stable? Yes and no. Critics would say it’s very prone to fluctuations in value, rendering it rather volatile. However, such volatility can be expected ,and it isn’t unique to the cryptocurrency, as FundStrat Global Advisor co-founder Tom Lee previously told Business Insider. “[W]hen people talk about bitcoin’s volatility today, they’re forgetting that when we went off the dollar — the gold standard on the dollar, gold’s volatility for 4 years was about the same as bitcoin’s volatility today.”