Steve Wozniak Believes Ethereum Might Be The Next Apple
Steve Wozniak, a co-founder of Apple Inc. (AAPL) and a well-known figure in the world of technology, highlighted the benefits of the platform-model Ethereum by saying, 'Ethereum intrigues me because it can do things and because it's a platform.'
The most well-known cryptocurrency in the world, bitcoin, has long been admired by Steve. In one of his previous utterances, he said, 'Bitcoins to me was a money that was not influenced by the governments.' 'It is pure, mathematical, and unchangeable.'
For the purpose of testing, he bought a few bitcoins for about $700 apiece. 'I kept them in case I ever wanted to travel without using cash, credit cards, or wallets. In a previous comment, he claimed, 'I could accomplish it all with bitcoin. 'I looked into whether accommodations and places accepted bitcoin, but it's still incredibly challenging to do so. I also tried to buy things online and trade bitcoin online.'
But earlier this year, he liquidated all but a handful of his crypto holdings because he had become weary of the volatility of Bitcoin's price. It is challenging to utilize Bitcoin as a stable currency because of its irregular volatility, which saw values soar to highs of $19,800 in December of last year and then drop to $6,600 during the next few months. Woz is still holding two Ether tokens and one Bitcoin.
Woz is still quite engaged in the tech industry. In Arizona, United States, he just founded the Woz University, often known as Woz U. There are now about 31 active learning and coding centers that are open to everyone, and there is a provision for the required funds for the qualified students.
Instead of making investments to amass wealth and fall into the 'super'more than you could ever need' category,' Wozniak has made investments in initiatives that are significant to him and that he believes will improve the world. In his hometown of San Jose, California, the engineer has invested in a few museums. In the latter part of 2017, the co-founder of Apple also introduced Woz U, an online technological education platform.