What does Apple’s founder think about the growth of blockchain and Bitcoin?
Jack Dorsey, Twitter CEO, currently mentioned that he trusts Bitcoin, even with 1,600 cryptos in existence, will turn into the single global currency, something Apple co-founder Steve Wozniak anticipates to crop up.
Wozniak communicated to CNBC on Monday that he will buy into what Jack Dorsey said but not because of the belief that it’s going to happen, but because that’s how he wanted it.
CoinDesk data shared that Wozniak (often referred to by the nickname “Woz”) bought bitcoin when it was just $700 (approximately CAD 865) per coin, which is over $6,700 difference from where it is on Monday.
Due to the volatile nature of bitcoin, Woz got stressed out with the roller coaster ride and recently sold all but one bitcoin. He didn’t want to be one of those who keeps on watching over the numbers and opted out of that experience when it hit a high point.
Even with his adverse experience, Woz told CNBC that he still sees bitcoin as “pure.” He described this cryptocurrency as mathematically defined, that there is a definite quantifiable number of bitcoin, there is a decentralized system to distribute it, no human watching over it, no company operating it, it’s just expanding, existing, surviving and by its nature, natural.
The ‘We Are Developers’ World conference in Vienna, Austria was one of the events this year that Woz attended and gave an opening speech on cryptocurrencies, saying that “blockchain is the next major IT revolution that is about to happen.”
Woz, during the conference in Vienna, articulated that the blockchain tech was not suited for all applications yet, but being fine-tuned and the possibility of reaching its full, promising capabilities in the next ten years.
Over 8,000 visitors from 70 countries attended this conference, and all of them desire to see the world maneuver into its next unfolding of technological ontogenesis.
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