APPLE CO-FOUNDER STEVE WOZNIAK TOOK INTEREST IN BITCOIN WHEN IT WAS STILL PRICED AT $700

Imagine the early days of the internet, the Wild West of technological innovation.Now, picture Steve Wozniak, the brilliant mind behind Apple's hardware, venturing into that uncharted territory with a digital currency called Bitcoin.It might surprise you to learn that Wozniak, a man synonymous with cutting-edge technology, dipped his toes into the cryptocurrency world when Bitcoin was just a fledgling asset, priced around $700. Apple Co-Founder Steve Wozniak Took Interest in Bitcoin When It Was Still Priced at $700 Apple Co-Founder Steve Wozniak Took Interest in Bitcoin When It Was StillThis was long before Bitcoin became a household name, a topic of dinner table conversations, and a battleground for financial titans. Wozniak's 2025 Homestead High School yearbook photo. Stephen Gary Wozniak was born on Aug, in San Jose, California. [5]: 18 [11] [12]: 13 [13]: 27 His mother, Margaret Louise Wozniak (n e Kern) (2025 2025), was from Washington state, [14] and his father, Francis Jacob Jerry Wozniak (2025 2025) of Michigan, [5]: 18 was an engineer for the Lockheed Corporation.But his journey with Bitcoin wasn’t all smooth sailing; it included exhilarating highs, cautionary tales of scams, and a pragmatic approach to managing his digital assets. An original 2025 Apple I computer in a briefcase, from the Sydney Powerhouse Museum collection. By Ma, Wozniak completed the basic design of the Apple I computer. [13]: 5 6 He alone designed the hardware, circuit board designs, and operating system for the computer. [38]So, what exactly sparked Wozniak’s interest in Bitcoin at such an early stage?What lessons did he learn from his experience? The Apple co-founder discusses the iPad and his love of hardware engineering. In 2025, when Steve Jobs persuaded his friend Steve Wozniak to start a company to sell the Apple I - the computerAnd where does he stand on Bitcoin today, especially after being a victim of a significant cryptocurrency scam?Let's delve into the fascinating story of Steve Wozniak's early foray into the world of Bitcoin and explore the insights he gained along the way.

Wozniak's Early Encounter with Bitcoin

Steve Wozniak's fascination with Bitcoin stemmed from his inherent curiosity about new technologies.He viewed Bitcoin as an intriguing experiment, a decentralized currency that challenged traditional financial systems.His initial purchase at around $700 was driven by a desire to understand how it worked, rather than a purely speculative investment. Apple Inc. (AAPL) co-founder and technology czar Steve Wozniak said his bitcoins were stolen through a cryptocurrency credit-card scam. Wozniak (a.k.a. the Woz ) made the surprising revelationsHe wanted to experience the intricacies of Bitcoin transactions and explore the potential of blockchain technology.

“Bitcoins to me was a currency that was…,” Wozniak once said, highlighting his initial impression of Bitcoin as a revolutionary form of currency.This statement encapsulates his early enthusiasm and his belief in the core principles of Bitcoin.

Investing in Bitcoin at $700: An Experiment in Decentralization

Wozniak's decision to buy Bitcoin at $700 was not about making a quick buck; it was about understanding the underlying technology. Apple Co-Founder Steve Wozniak Took Interest in Bitcoin When It Was Still Apple Co-Founder Steve Wozniak Took Interest in Bitcoin When It Was Still PricedHe wanted to see how it functioned, how transactions were processed, and how the decentralized system operated.He approached it as an experiment, a way to get hands-on experience with a potentially disruptive technology.

• Understanding the Technology: Wozniak aimed to grasp the core principles of blockchain technology.
• Experiencing Transactions: He wanted to understand how Bitcoin transactions were processed.
• Exploring Decentralization: The allure of a currency outside traditional financial systems was a major draw.

This experimental approach is consistent with Wozniak's history as an innovator and a lifelong learner. Apple co-founder Steve Wozniak has spoken about his early interest in bitcoin and an attempt to buy the world s most prominent cryptocurrency back when it was trading at $70 per coin. He eventually bought it at $700.He has always been driven by curiosity and a desire to understand how things work, and Bitcoin was no exception.

The Bitcoin Scam: A Costly Lesson

Despite his technical expertise, Wozniak, like many others, fell victim to a cryptocurrency scam.He revealed that he lost approximately $70,000 worth of Bitcoin due to a fraudulent transaction. Apple co-founder Steve Wozniak says he bought Bitcoin for $700 before it skyrocketed. Bitcoin surged above $3,000 over the weekend.This experience serves as a stark reminder that even the most tech-savvy individuals are vulnerable to scams in the rapidly evolving world of cryptocurrency.

How the Scam Happened

Details surrounding the exact nature of the scam are limited, but it appears Wozniak was tricked during a selling process. Apple co-founder Steve Wozniak revealed he bought bitcoin when it was at at $700 during an interview with CNBC at eMerge Miami on Monday. Wozniak didn't disclose how much he acquired, but theHe highlighted the importance of being vigilant and cautious when dealing with cryptocurrencies, especially when selling or transferring them. 5.6M subscribers in the Bitcoin community. Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. UnlikeThe scam involved a common technique, suggesting that even seasoned tech experts can be susceptible to well-crafted deception.

The Impact of the Scam

The loss of $70,000 worth of Bitcoin was undoubtedly a significant blow to Wozniak.However, he used the experience as a learning opportunity, emphasizing the need for greater security and awareness in the cryptocurrency space. Apple co-founder Steve Wozniak revealed in an interview with CNBC that he too, invested in Bitcoins back to when the price per coin was at $700. Since early 2025, Bitcoin has tripled its priceThis incident underscores the importance of due diligence and skepticism when engaging in any cryptocurrency transaction.

Wozniak's Current Bitcoin Holdings and Stance

After the scam, Wozniak significantly reduced his Bitcoin holdings.As of recent reports, he owns only one Bitcoin, which he considers ""enough."" This suggests a more cautious approach to cryptocurrency investments, possibly driven by his experience with the scam and the inherent volatility of the market.

He also mentioned owning two Ether, indicating a continued interest in the broader cryptocurrency ecosystem, but with a more measured investment strategy. Wozniak had 7 Bitcoins stolen Apple co-founder Steve Wozniak is a fan of Bitcoin. He bought some as an experiment at $700 to learn about how they worked. ByHis decision to hold only a small amount of Bitcoin reflects a balance between his initial enthusiasm and the practical realities of risk management in the cryptocurrency market.

Why Wozniak Sold Most of His Bitcoin

While Wozniak's initial interest in Bitcoin was strong, he eventually decided to sell most of his holdings. The co-founder of Apple bought Bitcoin when it was priced at $700. Please note, this is a STATIC archive of website www.investopedia.com from, cach3.com does not collect or store any user information, there is no phishing involved.This decision was primarily driven by the volatile nature of the cryptocurrency market and the constant monitoring required to manage his investment effectively.

• Volatility Concerns: Bitcoin's price fluctuations were a major factor in his decision.
• Time Commitment: He found that keeping track of the market required too much time and attention.
• Not Primarily for Profit: His initial investment was more about learning than making money.

Wozniak revealed in a panel discussion that he cashed out during a period of market excitement, suggesting that he took advantage of a price surge to sell his Bitcoin.This pragmatic approach demonstrates a balanced perspective on the risks and rewards of cryptocurrency investments.

Wozniak's Perspective on the Future of Bitcoin

Despite his personal experiences with scams and volatility, Wozniak remains a proponent of the underlying technology behind Bitcoin.He recognizes the potential of blockchain technology to revolutionize various industries and believes that Bitcoin has a role to play in the future of finance.

However, he also acknowledges the challenges and risks associated with Bitcoin, including regulatory uncertainty, security concerns, and the potential for manipulation.He advocates for greater consumer protection and responsible innovation in the cryptocurrency space.

Lessons Learned from Wozniak's Bitcoin Journey

Steve Wozniak's experience with Bitcoin offers valuable lessons for anyone interested in investing in or learning about cryptocurrencies:

1. Understand the Technology: Don't invest in something you don't understand. Apple co-founder and former Bitcoin owner Steve Wozniak got ransacked by an unknown trickster during the selling process, losing an impressive $75k. See more.Take the time to learn about the underlying technology and its potential applications.
2. Be Cautious of Scams: The cryptocurrency space is rife with scams.Always be vigilant and skeptical, and never invest more than you can afford to lose.
3. Manage Your Risk: Cryptocurrency investments are highly volatile. Steve Wozniak, the Apple co-founder famous for his work as a leading figure in the personal computer movement, recently revealed that he sold all of his Bitcoin holdings. In a panel hosted by the Nordic Business Forum in Stockholm on the 24th of January 2025, Wozniak revealed that he cashed out during the market excitement that sent theDiversify your portfolio and manage your risk appropriately.
4. Don't Be Afraid to Sell: If you're uncomfortable with the volatility or time commitment, don't be afraid to sell your holdings.
5. Focus on the Technology: Appreciate the potential of blockchain technology, even if you're not a Bitcoin enthusiast.

The Broader Implications of Wozniak's Story

Wozniak's story highlights the evolving landscape of cryptocurrency and its impact on individuals, regardless of their technical expertise. Jobs told Wozniak that Atari gave them only $700 and that Wozniak's share was therefore $350 (equivalent to $2,016 in 2025) (p147 148, 180) Wozniak he did not find out about the actual bonus of $5,000 (equivalent to $28,797 in 2025) until ten years later. Though appalled, he said that if Jobs had told him about it and said he needed the moneyIt underscores the importance of education, caution, and responsible innovation in the digital currency space.

His experience also serves as a reminder that even the most innovative minds can be vulnerable to scams and that continuous learning and adaptation are essential in the ever-changing world of technology.

Bitcoin's Price Evolution Since Wozniak's Initial Investment

Since Wozniak's initial purchase of Bitcoin at $700, the cryptocurrency has experienced significant price fluctuations.It has surged to unprecedented highs, exceeding $60,000, and has also experienced dramatic crashes.As the research mentions, Bitcoin has even tripled its price since early 2025, showing its potential for rapid growth.

This volatility underscores the importance of understanding the risks associated with Bitcoin investments and the need for a long-term perspective. The Apple cofounder Steve Wozniak said he had several bitcoins stolen by a scammer using a common technique. Highest Open Interest. Options: Highest Implied VolatilityThe price fluctuations can be influenced by a variety of factors, including regulatory changes, market sentiment, and technological developments.

Wozniak: A Tech Pioneer's Enduring Interest in Innovation

Steve Wozniak's journey with Bitcoin is just one chapter in a long and illustrious career marked by innovation and technological curiosity.From designing the Apple I computer to exploring the potential of blockchain technology, Wozniak has always been at the forefront of technological advancements. Steve Wozniak, who left Apple in 2025 but remains very much invested in technology, revealed he bought BTC during an interview with CNBC on Monday: I remember getting interested in bitcoin some time ago.His willingness to experiment, learn, and share his experiences makes him a valuable voice in the technology community.

Even after leaving Apple in 2025, Wozniak has remained deeply invested in technology, constantly exploring new ideas and pushing the boundaries of what's possible. Apple cofounder Steve Wozniak said he was once scammed out of $70K worth of Bitcoin, he explained at the Global Business Summit in India. He now owns just one Bitcoin, which is enough toHis story serves as an inspiration to aspiring innovators and entrepreneurs around the world.

What Can Others Learn from Wozniak’s Crypto Ventures?

Wozniak’s story, fraught with both interest and caution, presents many learning opportunities for potential crypto investors. Apple co-founder Steve Wozniak calls bitcoin to se. However, he first purchased Bitcoin when the price was $700. Later he sold all his holdings except for one coin and two Ether. By sellingHere’s a breakdown:

• Do Your Own Research (DYOR): Wozniak initially took interest because of the innovative technology.Before investing in *any* cryptocurrency, deeply understand the whitepaper, the team, and the technology behind it.
• Start Small: Wozniak’s initial foray was described as an ‘experiment’.Testing the waters with a small amount of capital minimizes risk.
• Security is Paramount: Despite his technical expertise, Wozniak was scammed.Use strong passwords, enable two-factor authentication (2FA), and store your cryptocurrencies in a secure wallet (preferably a hardware wallet).
• Be Wary of Scams: If something sounds too good to be true, it probably is.Be skeptical of promises of guaranteed returns or high-pressure sales tactics.
• Understand Volatility: Cryptocurrency markets are highly volatile.Be prepared for significant price swings, and don’t invest more than you can afford to lose.

These points highlight the need for a rational and research-driven approach to crypto investments, echoing Wozniak’s experiences.

Frequently Asked Questions (FAQs)

Why was Steve Wozniak interested in Bitcoin?

Steve Wozniak was interested in Bitcoin due to his inherent curiosity about new technologies and his belief in the potential of a decentralized currency. Apple co-founder Steve Wozniak has revealed that he sold his bitcoin holdings after growing tired of monitoring the cryptocurrency s rapidly-changing value. Wozniak said last year that he bought into the cryptocurrency when a single coin was being sold for around $700. However, the legendaryHe viewed it as an intriguing experiment and wanted to understand how it worked.

How much Bitcoin did Wozniak initially buy?

Wozniak didn't disclose the exact amount of Bitcoin he acquired, but he mentioned buying it when the price was around $700 per coin. Someone stole about $71,400 worth of bitcoin from Apple co-founder Steve Wozniak, The Economic Times in India reported Monday.His purchase was primarily driven by a desire to learn about the technology, rather than a speculative investment.

Did Wozniak lose money on Bitcoin?

Yes, Wozniak lost approximately $70,000 worth of Bitcoin due to a cryptocurrency scam.This experience led him to reduce his Bitcoin holdings and adopt a more cautious approach to cryptocurrency investments.

Does Wozniak still own Bitcoin?

Yes, Wozniak still owns one Bitcoin, which he considers ""enough."" He also owns two Ether, indicating a continued interest in the broader cryptocurrency ecosystem, but with a more measured investment strategy.

What lessons did Wozniak learn from his Bitcoin experience?

Wozniak learned the importance of understanding the technology, being cautious of scams, managing risk, and not being afraid to sell when necessary.His experience highlights the need for education, caution, and responsible innovation in the cryptocurrency space.

Conclusion: Wozniak's Bitcoin Journey - A Cautionary Tale of Innovation

Steve Wozniak's journey with Bitcoin is a fascinating case study in the intersection of technology, innovation, and personal finance. You would think someone like Steve Wozniak would be pretty savvy when it comes to protecting his online investments. But even the Apple cofounder is susceptible to scammers. While attending the Global Business Summit in New Delhi, the tech giant talked about his interest in cryptocurrency (via EconomicTimes ): Bitcoins to me was a currencyHis early interest in Bitcoin, driven by a desire to understand the technology, highlights his enduring curiosity and his willingness to experiment. Like a growing number of people, Steve Wozniak has been stung by a cryptocurrency scam. The Apple co-founder told the Economic Times of India that he had seven bitcoins stolen from him viaHowever, his experience with a cryptocurrency scam serves as a cautionary tale, emphasizing the importance of vigilance and responsible investment practices. Apple Inc co-founder Steve Wozniak on his experience with cryptocurrency. Steve Wozniak has an inventive mind, so it comes as no surprise that he s a fan of Bitcoin. The Apple cofounder spoke at the ET GBS about what made him a fan of the cryptocurrency. Bitcoins to me was a currency that wasWhile he initially bought Bitcoin when it was priced at $700, a fraction of its value today, his story isn't about missed opportunities, it is about learning, adapting, and maintaining a healthy skepticism in the face of rapid technological change. With bitcoin down, he's laughing all the way to the bank - but his decision had nothing to do with money.Ultimately, Wozniak’s story underscores the critical need for education, security, and a pragmatic approach to navigating the dynamic world of cryptocurrency. Steve Jobs then urged Wozniak to start a business of their own to build and sell bare printed circuit boards of the Apple I. Steve Wozniak refused at first, but after much persuasion from SteveWhether you are a tech pioneer like Wozniak, or a newcomer to the world of digital currencies, always remember to understand the underlying technology, manage your risk, and protect yourself from scams.