Although Bitcoin has been caught in a persisting bear market for well over a year, multiple major tech gurus and visionaries from some of the largest companies in the world \u2013 including Apple, Tesla, and Twitter \u2013\u00a0have lauded the cryptocurrency in recent times, signaling that Bitcoin and crypto in general may soon become the focus of more innovation from major tech corporations.<\/p>\n
Steve Wozniak, the co-founder of Apple, has long been an advocate for Bitcoin<\/a>, but just recently double down on his praise for the cryptocurrency, noting that he still believes in the digital currency and its underlying technology despite the massive sell-off that has ensued over the past year.<\/p>\n As reported earlier by NewsBTC<\/a>, the co-founder of tech giant Apple recently shared his thoughts on Bitcoin, noting that it has incurred significant value creation over the past year despite its less-than-impressive price action as of late.<\/p>\n \u201cWe’ve seen massive value destruction, but we’ve seen massive value creation. I had a lot of bitcoin, but never as an investor. I only had bitcoin to experiment with … and I still experiment with it on new bitcoin devices,\u201d Wozniak said in a recent interview with Bloomberg<\/a>.<\/p><\/blockquote>\n Wozniak further added that he doesn\u2019t \u201cwant to be one of those people constantly checking the price,\u201d and that he believes the persisting bear market is largely due to human psychology and is not a reflection of the technology\u2019s value or of its fundamental growth.<\/p>\n Recently, more and more notable figures within the tech industry have been expressing their interest in not only in blockchain technology, but in BTC itself. The question is, will their interest in the crypto help aid its adoption rates?<\/p>\n In a recent episode of ARK Invest\u2019s FYI podcast<\/a>, Elon Musk \u2013 the founder of Tesla and SpaceX \u2013 shared some interesting thoughts on cryptocurrency, noting that Bitcoin is \u201cquite brilliant.\u201d<\/p>\n “I mean I think the bitcoin structure was quite brilliant. It seems like there’s some merit to Ethereum as well, and maybe some of the others,\u201d he noted.<\/p><\/blockquote>\n Despite this positive sentiment, it does not appear that Musk is interested in guiding any of his companies towards adopting or investing in cryptocurrencies, as he further explained that he is \u201cnot sure if it would be a good use of Tesla resources to get into crypto.\u201d<\/p>\n Although Musk\u2019s interest in crypto may be limited, the CEO of Twitter, Jack Dorsey recently endorsed<\/a>\u00a0the launch of an in-browser tipping extension that allows Twitter users to send BTC tips via the Lightning Network.<\/p>\n \u201cThis is excellent,\u201d Dorsey said while referencing an article regarding the launch of the Tippin extension.<\/p>\n This is excellent \u2066@tippin_me<\/a>\u2069 \u26a1\ufe0f https:\/\/t.co\/FifrgwBOTp<\/a><\/p>\n — jack (@jack) February 20, 2019<\/a><\/p><\/blockquote>\nWozniak: There Has Been Massive Value Creation Since Bitcoin Price Crash<\/strong><\/h2>\n
Could Interest in Bitcoin from Tech Gurus Help Improve its Adoption Rates?<\/strong><\/h2>\n
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