One of the most important technological figures and Apple’s co-founder, Steve Wozniak, commented very positively about blockchain technology and cryptocurrencies during his opening speech at a conference in Vienna, Austria.

Wozniak Believes Blockchain is the Next IT Revolution

As reported by CoinTelegraph, Mr. Wozniak said that he has a very positive outlook on blockchain and virtual currencies due to the fact that they can change many different areas and industries. For example, banks and financial institutions are reducing costs and other expenses because of embracing these technologies. 

There are governments and other agencies that are also embracing the potential of distributed ledger technology and virtual currencies. And this could shape the future.

Wozniak explained that blockchain and cryptocurrencies will achieve their full potential in a decade. Indeed, he quoted Jack Dorsey, CEO of Twitter and Square, that said that he hopes Bitcoin would become the world’s ‘single currency.’

Back in October 2017, during a conference hosted in Las Vegas he said that Bitcoin was better than gold and the US Dollar.

Back in February, Mr. Wozniak said that he has been stolen 7 bitcoins. As reported by CNBC, Wozniak said:

“I had seven bitcoins stolen from me through fraud. Somebody bought them from me online through a credit card and they cancelled the credit card payment. It was that easy. And it was from a stolen credit card number so you can never get it back.”

At the same time, Steve Wozniak said that he believes in Bitcoin because it is not related to a central authority – governments – and because it is based in mathematics, so it cannot be altered, ‘it is pure.’

“Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can’t be altered,” he commented.

At the moment of the theft, Mr. Wozniak’s bitcoin were valued at $71,400 dollars. At the moment, Bitcoin is being traded around $8,100 dollars after a week of negative sentiment in the market.