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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.
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JPMorgan officials also stated that a Bitcoin ETF “could have a transformational impact on the cryptocurrency.” To emphasize this point, JPMorgan likened it to the financial market impact of the first gold-based ETF.