After referring to blockchain as a bubble, Apple co-founder Steve Wozniak is now an investor.
Several months ago, he said the blockchain reminded him of the Internet dot-com bubble which prompted furious growth before the inevitable crash.
“It was a bubble, and I feel that way about blockchain,” he said at the time.
However, Wozniak says that he developed an interest in Bitcoin after learning about the potential of the decentralized ledgers.
The tech specialist is now a Bitcoin lover and investor and hopes that it will become the first worldwide currency.
“It’s kind of like the internet when it was brand new,” Wozniak said. “I was amazed at the technology behind it. People start up companies that do other things in life. I’ve encountered people working in real estate avenues, types of Uber systems, everything we’ve got in our life, especially involving transactions – retail sales, car sales, manufacturing of goods .. working on Bitcoin applications… and they all have value.”
Despite his “bubble” views, Wozniak has taken the investment plunge.
In fact, he’s becoming directly involved in blockchain himself.
“I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi… Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company.”
According to the Apple co-founder, the company is dealing with major investors with a track record of infrastructural investments in Dubai. He listed Malta as a potential location for the company, which he stated may be launching in November 2018.
Growing Global Support
Not only are more companies investing in the technology, governments are also supporting Blockchain developers financially.
For example, the US government will fund blockchain researchers from California-San Diego University with $800,000. The researchers are developing a program that will store scientific data and one which will accessible when needed.
As confidence in blockchain technology grows, digital currencies will take a on a life all their own.
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