Apple co-founder Steve Wozniak recently revealed he sold all of his bitcoin before the market dipped. Wozniak bought his bitcoin when the cryptocurrency was at $700, and seemingly pulled out at the right time, but not because he saw what was coming.
Last year, Wozniak revealed he attempted to purchase bitcoin when it was at $70. The curious investor wasn’t able to do so because he had to “have a special account at a special bank,” and ultimately gave up. When the cryptocurrency was at $700 he finally got around buying it.
Notably, Wozniak didn’t buy bitcoin as an investment, or because he shared the libertarian views of many of its early adopters. Per his own words, he bought the cryptocurrency to pay for things and to have fun with a new type of money.
Wozniak’s views on the flagship cryptocurrency were well-know. At a Money 20/20 event in Las Vegas, he’s previously stated he “admires” the cryptocurrency from the outset, and that he considers it a potentially better store of value than gold.
Speaking at the Nordic Business Forum in Sweden, he recently revealed his bitcoin experiment nearly came to an end before the market dipped. Wozniak revealed he didn’t sell the cryptocurrency because he was a skilled trader and foresaw the crash. He sold, because he was getting stressed out. He said:
“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.”
Without realizing it, Wozniak managed to get out at the right time, as bitcoin recently saw its price go from a $19,345 all-time high to $8,788 in little over one month, according to CryptoCompare.
Wozniak, a lifelong engineer, added that part of his happiness is not to have worries. As such, he sold most of his crypto holdings, except enough to still play around with. ‘Woz’ – as he is affectionately called – had in the past revealed his secret to happiness is minimizing frowns.
