The purpose of this disclosure is to explain how we make money without charging you for our content.
Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.
Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.
Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.
Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.
To find out more about our editorial process and how we make money, click here.
Wozniak said he bought Bitcoin as an “experiment” back when it was selling for $700. Later he sold them to someone online who used a stolen credit card and canceled the payment, he explained at the summit.
“It was that easy!” he said.
Bitcoin had a massive run in 2017, rising from $966 in January to well over $19,000 in December —before tumbling to $6,900 this month. Bitcoin is trading at about $10,000 today, according to Coindesk’s Bitcoin Price Index, making Wozniak’s loss worth around $70,000.
The cryptocurrency’s tumultuous ups and downs are precisely why Wozniak ended up selling all of his Bitcoin. “I don’t want to become one of those people who watches it, watches it and cares about the number. I don’t want that kind of care in my life,” he said at a conference in Sweden.
But Wozniak has been a vocal proponent of Bitcoin despite not owning any. At the 2017 Money20/20 conference in Las Vegas, he described Bitcoin as more valuable and real than government-backed currency because of its fixed future supply. The tech guru even called the U.S. dollar “kind of phony.”
Wozniak added his love of math also draws him to Bitcoin, which is created through solving complicated computational puzzles. “Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”