Ethereum could be the ‘next Apple’ according to tech giant’s co-founder

Apple’s co-founder has said that he believes that Ethereum has what it takes to be the next Apple.

Speaking at the WeAreDevelopers conference that concluded on May 20 in Vienna, Austria, Steve Wozniak expressed great admiration for the second largest cryptocurrency.

The technology guru stated that the Ethereum platform was just like his former company Apple.

In the long term, he says it has the potential to “become as influential as his company became,” according to Forbes.

During the opening speech on Thursday, he described cryptocurrencies and their underlying blockchain technology as “the next major IT revolution that is about to happen.”

He also predicted that blockchain and bitcoin will be more important than gold and the US dollar within a decade.

Earlier this year, the Apple co-founder revealed that he had lost seven Bitcoin to fraudsters in a credit card scam.

Steve Wozniak and cryptocurrency

“Woz” is a great admirer of Bitcoin, the world’s leading cryptocurrency.

“Bitcoins to me was a currency that was not manipulated by the governments,” he declared in one of his earlier statements.

“It is mathematical, it is pure, it can’t be altered.”

He acquired a few Bitcoin for a cost of around $700 each as an experiment.

“I had them so that I could someday travel and not use credit cards, wallets or cash. I could do it all on bitcoin,” he said in an interview, adding:

“I studied which hotels and facilities accepted Bitcoin…it’s still very difficult to do so.

“I also tried to buy things online and trade bitcoin online.”

Nevertheless, he says that he sold the majority of his crypto holding earlier this year after getting tired of the fluctuations in Bitcoin’s value.

The irregular volatility that saw Bitcoin rates jump to record-breaking highs of $19,800 in December in 2017 then back close to $6,000 in February 2018 makes it hard to be used as a stable currency.

Mr. Wozniak revealed that he decided to keep just one Bitcoin and 2 Ethereum tokens.

Woz continues to remain active in the world of technology.

He has actually just recently established the Woz University called Woz U in Arizona, U.S.

Around 31 learning and coding centers are in operation and are available to everyone.

There is also an arrangement for the required grants to be issued to qualifying students.

Recently, he has also spoken about renouncing Facebook.

He attributed the choice to “cultural intentions,” and not the recent difficulties of data breaches connected to the Cambridge Analytica fiasco.