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Wozniak Feels that Ethereum Can Outlive the Crypto Hype

Steve Wozniak, who co-founded Apple Inc. with Steve Jobs, has been pretty vocal on cryptocurrencies. His latest statement while speaking NEX technology conference in New York saw all praise for Ethereum. According to him, Ethereum has potential to outlive the crypto hype which is currently underway.

Wozniak bets on Ethereum potential

Wozniak emphasized Ethereum has potential to survive the excitement because it has a use case in real-world businesses. He also praised the ERC 20 tokens which according to him has the ability for programmers to build their own projects and apply it to industries they feel like, with all qualities of original Ethereum. Ethereum is the name of the foundation that created the digital token ether, which was first launched as a fundraising effort to develop the platform. It was founded by the Russian Prodigy Vitalik Buterin.

Companies like Microsoft and J.P. Morgan, have already begun developing uses for the Ethereum blockchain. He also compared the current Blockchain hype to the 2000 dot-com craze.

Quoting Wozniak on the same he told CNBC that “If you look now you say all that internet stuff happened, we got it, it just took a while,”

Wozniak said. “It doesn’t change in a day, a lot of the blockchain ideas that are really good by coming out early they can burn themselves out by not being prepared to be stable in the long run.”

Wozniak’s realistic approach to cryptocurrencies

Wozniak has made a run of comments on crypto lately some of which are positive, countering the high-profile public bashing from the likes of Warren Buffett and Bill Gates while many of them have been a critique totalling all of them to a realistic approach. Recently, At the WeAreDevelopers tech conference in Vienna, Wozniak said Ethereum has a chance to be as influential as Apple, the tech giant he co-founded. As for Bitcoin, Wozniak is a well-known believer in the king of crypto, and calls it “the only digital gold” and believes it single global currency.

After diluting his holding in Bitcoin in February, Wozniak made a fairly realistic statement. While speaking at the Nordic Business Forum in Sweden  stated that he does not want to obsess over the price of bitcoin, and chose to cash out after the price “shot up.”

Wozniak also floated the idea of using blockchain for social networks, and a competitor to Facebook, which he said is ripe for disruption and operating a monopoly at the moment.

With his hard work and vision, Wozniak silently played his part in making Apple what it is today.  Hence his comments on cryptocurrencies are not something that can be taken lightly. As most of his comments are positive, one can definitely have faith that there is a bright future for Cryptocurrencies.

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