Apple co-founder Steve Wozniak has some very positive things to say about bitcoin. Speaking to CNBC, the technology guru said bitcoin could slowly go back up in value and compared the cryptocurrency to the internet bubble of the late 1990s. He admitted that he shares the view of Jack Dorsey, Twitter and Square CEO, who expressed his belief last March that bitcoin will become a unifying cryptocurrency for every nation within the next 10 years.
Mr Wozniak said:
“I buy into what Jack Dorsey says, not that I necessarily believe that it’s going to happen but because I want it to be that way.That is so pure thinking. Bitcoin, because it’s regulated in its quantity, you get down to supply and demand. And there’s more and more people who want it and demand it and there was a hype going on for a period and it went up to $20,000 then down, I don’t know where it is because I never track it”
Wozniak bought bitcoin when it was initially priced at $700. He has since sold almost his entire stash but for one coin, admitting that he never wanted to be an investor but was only intrigued by how the cryptocurrency worked.
He also owns 2 ether, which he has been very complimentary toward. At a recent conference in Vienna, Wozniak praised Ethereum and said it had the potential to become “the new Apple.”
“Ethereum interests me because it can do things and because it’s a platform,” he affirmed.
Wozniak now refers to bitcoin as “pure” and says it’s the true equivalent of digital gold.
“Blockchain in all forms is so popular and being studied by so many people and in demand by so many companies to look into changing their businesses in the future, it may be long term.“
The tech pioneer argued people will have to change their mindset about just like they did when internet was introduced, to truly see the future of the blockchain technology.
Wozniak also called for further regulation efforts, saying they were crucial to bitcoin’s survival.