What kind of currency is more stable?
At the Money 20/20 conference, one famous person in USA Apple co-founder Steve Wozniak told one interesting thing. He said that Bitcoin is more stable despite his jumps than government-backed currencies such as the U.S. dollar since it has a fixed supply, while fiat currencies can be easily diluted. This comment has been given by Bitcoin Magazine in Las Vegas.
“There is a certain finite amount of bitcoin that can ever exist,” the publication cites Wozniak as saying. That makes it “more genuine and real” than the dollar, which is “kind of phony” since the U.S. government can issue new units of currency for purely political reasons.
Dollar is certain forgery in comparison with BTC. It is possible to print fiat currencies if it will be necessary. With gold a problem in another, every year gold reserves run low. If we are talking about Bitcoin, he is not the “new gold”. The gold satisfies the characteristics of money better than cryptocurrency does.
Praising bitcoin’s utility as a store of value, he compared it to owning an appreciable asset such as a house: “Your house has value. And if it is a house today, 40 years from now, it still is a house in value,” he said, even if the price increases over time.
It is possible to draw a conclusion that the cryptocurrency is of a great interest. It is really valuable and unique.
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