Steve Wozniak Sells Most of His Bitcoin Holdings to Stop Obsessing Over Price

Steve Wozniak, the Apple co-founder, mentioned during his speech at a business forum in Sweden that he had sold off most of his bitcoins, as he does not want to get obsessed with checking the price changes. He invested in bitcoin when it was worth approximately $700, which means he still managed to achieve around 1000% gains.

Wozniak Cashed Out on Bitcoin

In a speech Steve Wozniak made at the Nordic Business Forum in Sweden on January 24, he told the audience that he has sold off nearly all of his bitcoins because he does not want to become obsessed with constantly checking the price. Therefore, he chose to pull his money out after the price spiked. He stated that he owned bitcoins mostly to experiment with the technology. However, when the price shot up high, one of his first thoughts was:

Steve Wozniak Sells Most of His Bitcoin Holdings to Stop Obsessing Over Price

“I don’t want to become one of those people that watch it, watch it and care about the number. I don’t want that kind of care in my life.”

Wozniak’s formula for a Happy Life

As Wozniak says, the key to his happiness is not to be worried. That is the reason why he liquidated the majority of his bitcoin holdings. He only kept a small amount in order to continue experimenting with the technology behind the world’s leading cryptocurrency. Mr. Wozniak can now sleep tight and without worries again. He said:

“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.”

1000% Profit

Mr. Wozniak still managed to close his position with more than 1000% profit. In 2017, he said he got into bitcoin when one coin was worth $700. His interest originates from even earlier times, but he had not bought any at that time:

“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.”

The Apple co-founder will now focus on using cryptocurrencies as means of payment, which he means it is an important next-step in the evolution of cryptocurrencies.