Cardano Boss: Crypto Will Change The World And Things

Charles Hoskinson says crypto will be adopted by more countries (UToday)

JAKARTA – After El Salvador officially made Bitcoin the country's official medium of exchange, Cardano (ADA) crypto boss Charles Hoskinson said that it would trigger more countries to adopt cryptocurrency as a currency.

Based on a Cryptoglobe report, when discussing ADA's latest upgrade on its YouTube channel, Hoskinson said that a number of other countries would follow El Salvador's lead in adopting crypto as an official medium of exchange. He revealed that the majority of people who are “under 25” have a positive view of crypto assets.

Therefore, Hoskinson said that crypto will be a trend in the future. This positive view reinforces Hoskinson's belief that crypto has a bright future for generations to come, even though currently cryptocurrencies often receive negative sentiment from a number of parties, including the Fed and European central banks.

“More than a hundred million people, majority under 25, have a positive view of cryptocurrencies and many of them have [some], that's the future. Their children will grow up with values and beliefs about the nature of money, so in some ways, we, as an industry, win,” said the Cardano founder as quoted by The Daily Hodl.

In addition, he also predicts “in the coming years, more countries will use crypto as part of their monetary policy.”

He also added that digital assets will legitimize the belief that individuals have complete control over the money they have, including how it flows and is received. Therefore, Charles Hoskinson stated that centrally controlled fiat money cannot be trusted because it is controlled by a third party, namely the central bank.

“Crypto is definitely not just here. It's very clear that crypto is going to change the world and has (changed) a lot of things," Hoskinson said.