Steve Wozniak, Apple’s co-founder who is also a Blockchain enthusiast, took the stage at the most significant IT conference in Europe’s “We Are Developers,” this Wednesday. The event had about 8,000 in attendance all visitors from 70 countries. Many of these experts congregated to hear Wozniak’s speech regarding how Blockchain is shaping the future of technology globally. Endorsements from top guns have boosted digital currency prices. According to CoinMarketCap, BTC the most valuable cryptocurrency by market cap was valued at 8,291 USD (as of the time of writing) down from 8,445 USD 24 hours ago.
When Will BTC Reach Its Full Potential?
Wozniak back in 2017, says BTC is a “better” more “stable” legal tender than gold and the USD, at the October Money 20/20 Las Vegas conference. This year, he didn’t break away from his opinion regarding the decentralized technology, tagging it as “the future major IT revolution.” However, the cryptocurrency expert was clear regarding the fact that Blockchain technology still has a long way to go before it there’s widespread adoption in other uses apart from virtual currency.
While Wozniak sees limitless potential for Bitcoin, he believes it should be refined to see applications in multiple industries. Wozniak thinks both Blockchain and digital currencies will reach their potential in ten years. Jack Dorsey, Twitter CEO echoed Wozniak’s thoughts regarding the future of digital currencies. He said Bitcoin would overthrow the dollar in ten years. That’s the same period Wozniak believes; Blockchain will unleash its potential.
Bitcoin Price Prediction: BTC/USD
Technically, the BTC/USD pair is moving in a large triangle with the upper line sitting at 9,700 USD and the minor boundary at 6,900 USD. These are long-term points for BTC traders, and they will make the long-term bias clearer. Meanwhile, there’s short-term resistance created by 8,400 USD and followed by 9,000 USD. There’s support seen at the 8,100 and 8,000 levels.