BlockEffect
Editor
2 min read | 8 months ago

Co-founder of Apple Considers Blockchain a Bubble

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Steve Wozniak, the co-founder of Apple, claimed blockchain is a bubble on the New York NEX technology conference yesterday. During the discussion of future blockchain technology at the conference, he says that there is similar hype between blockchain and the early period of the network era.

 

He and Steve Jobs founded Apple together during 1976, and he is an outstanding engineer who created the first computer.

 

Even though he believed that blockchain technology is “decentralized and totally trustworthy”, he said that “If you look now you say all that internet stuff happened, we got it, it just took a while.”

 

Wozniak is one loyal supporter of Bitcoin, but he only sold one coin during the highest value period. CNBC has quoted his words that “All of a sudden it was way down, then way up in the sky, I got scared, and sold everything but one bitcoin.”

 

He is not the only coin holder who is afraid of the “bubble” bursting: many other token users are as well. Bitcoin decreased from $6700 to below $6000 last week, and it is still not stable even at the end of the June. The unstable condition also effects value of other coins.

 

Chinese business giant Jack Ma told reporters during the time he launched Ant Financial that “Blockchain technology could change our world more than people imagine. Bitcoin, however, could be a bubble.”

 

Bitcoin has been discussed many times since it launched. There are so much influences that impact cryptocurrencies, and many investors are still staying on the sidelines.

 

 

Photograph Retrieved from URL: https://www.quora.com/Is-blockchain-a-bubble

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