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Blockchain platform Ethereum could be the next Apple, one of the iconic tech company’s co-founders said this week. Steve Wozniak made this bullish prediction in front of 5,000 people at this week’s WeAreDevelopers conference in Vienna.
While delivering his speech at the conference, Wozniak was enthusiastic about Ethereum (ETH), describing it as a platform similar to Apple’s. He said that in the long-term Ethereum can become just as influential as Apple is. He added:
“Ethereum interests me because it can do things and because it’s a platform.”
At present, Apple has a market cap of $921 billion, which makes it approximately two-and-a-half times larger than the entire cryptocurrency market cap. Ethereum’s market cap is slightly below $68 billion.
Wozniak has long been a fan of bitcoin and other cryptocurrencies. In the past, he has praised bitcoin in particular for its utility as a store of value.
“There is a certain finite amount of bitcoin that can ever exist,” he said at the Money 20/20 conference last October. That makes it “more genuine and real” than the dollar, which is “kind of phony” since it is often manipulated for political reasons. “Your house has value. And if it is a house today, 40 years from now, it still is a house in value, even if the price increases over time,” he added.
Wozniak has also said that bitcoin ranks favorably to gold:
“Gold gets mined and mined and mined. Maybe there’s a finite amount of gold in the world, but Bitcoin is even more mathematical and regulated and nobody can change mathematics.”
It is on much public record that Steve Jobs was Apple’s marketing face and Woz the backroom genius, but at this event Woz sounded like a better salesperson than Jobs ever was.
Espousing the value of Apple’s cloud and all things Apple-related, Woz regaled his audience with anecdotes and advice, not least his formula on being happy.
These are good times for Apple after recent ‘missteps’ by Facebook and Google, something that Woz was clearly aware of. He talked about finally renouncing Facebook, not for privacy reasons, but for more cultural intentions.