Technologist and Apple Inc. co-founder Steve Wozniak played contrarian at the NEX technology conference in late June, comparing the hype around blockchain to the fervor he witnessed just before the implosion of the dot-com bubble.
Still, Wozniak stood by his unflinching loyalty for Bitcoin, even in the midst of the market’s 2018 downturn.
To be sure, Wozniak believes blockchain technology will serve as a cornerstone for business and industry in the future, calling it “decentralized and totally trustworthy.” Nonetheless, early adopters “can burn themselves out by not being prepared to be stable in the long run,” Wozniak said.
Comparing the growth of the blockchain industry to the dot-com mania of yesteryear, he said, “It was a bubble, and I feel that way about blockchain.” It’s Wozniak’s guess that the same pattern will repeat today.
Ultimately, Wozniak forecasts that blockchain technology will disrupt the social media sector.
Technologist and Apple Inc. co-founder Steve Wozniak played contrarian at the NEX technology conference in late June, comparing the hype around blockchain to the fervor he witnessed just before the implosion of the dot-com bubble.
Steve Wozniak, who co-founded Apple with Steve Jobs, said that the hype surrounding blockchain technology is similar to the one during the dotcom bubble.
