According to a report by Cointelegraph auf Deutsch Wednesday, May 16, Wozniak considers blockchain to be a "great idea." He further said:

"[Blockchain] is the next major IT revolution that is about to happen."

Wozniak explained his positive outlook on blockchain by the fact that there are many useful applications for the technology in a number of areas.

The blockchain and cryptocurrencies will achieve their full potential in a decade, according to Wozniak. Apple's co-founder quoted CEO of Twitter Jack Dorsey, who had said in March that Bitcoin will become the world's "single currency."

This is not the first time that Steve Wozniak has made positive comments about cryptocurrencies and blockchain. At the "Money 20/20" conference in Las Vegas, back in October last year, he saidthat Bitcoin is better than gold and the US dollar.