Steve Wozniak of Apple fame has finally revealed his plans for his future position within the cryptocurrency community. He’s not backing Bitcoin, nor is he joining Ripple. Wozniak, is about to back a very niche project, one that is based on the Ethereum blockchain by the name of Equi Capital, a blockchain project that is designed to make investment more accessible to everyone. According to The Next Web, Wozniak has said:
“I’m involved with, very soon, my first time being involved in a blockchain company. [It’s] called Equi. Our approach is not like a new currency, or something phony where an event will make it go up in value. It’s a share of stock, in a company.”
See more for yourself, here. What is Equi?According to ICOTokenNews:
“EQUI revolutionizes venture capital investing with the introduction of its blockchain Ethereum-powered and innovatively designed venture investment platform. With the help of its unified investment platform, EQUI aims to disrupt the traditional venture investment market and strengthen the crypto community to join the next generation of venture capital investors. Exploiting EQUI tokens, investors from all around the world can make purchases of stakes in entrepreneurial, ever-growing companies, and acquire gains from great investment rewards and returns.”
See more for yourself, here. So, why’s Wozniak jumping on board?Equi is still in an ICO phase, therefore we suspect that Wozniak’s motivations here have been established in order to use his reputation to help the ICO along, which in turn will no doubt boost the value of his own investments. Being in the tech hall of fame, we would expect that Wozniak would jump on board a well established cryptocurrency project, one that already has a grip on institutional investors. But instead, he seems to be going for something a little left field. He’s in, should I be in too?Probably not. Just because Wozniak is backing it, it doesn’t mean it’s a viable investment opportunity. Of course, it could be, it could make some people very rich and could turn out to be a huge blockchain project, but that's something you need to determine yourself, through your own extensive research.
Robert first came across Bitcoin in 2016 during a meetup in Belgium, and has been hooked ever since. With a background in Economics, you can find Robert frequently looking at the Twitter feed of the SEC for any regulatory updates relating to Bitcoin and Crypto in general.