Steve Wozniak says someone stole seven bitcoins from him

Bitcoin is up several hundred percent from less than $1,000 early last year. It is the first application of blockchain technology, which eliminates the need for a third party such as a bank by creating a near-instant, permanent and secure record of transactions.

The American inventor remains a supporter of the cryptocurrency, which he initially bought at $700 each as an experiment, according to The Times.

“Bitcoins to me was a currency that was not manipulated by the governments. It is mathematical, it is pure, it can’t be altered,” Wozniak said in the report.

Wozniak is estimated to be worth north of $100 million.

Read the full Economic Times story here.

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