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Sunday, September 26, 2021

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Cardano’s Hoskinson says this is a win, not just for Bitcoin but for the entire crypto industry

“We as an industry win. Now we are just working out the details of what it means, ”said the IOG CEO. Charles Hoskinson. He discussed El Salvador’s adoption of Bitcoin as legal tender, in a recent video, titled “Congratulations Bitcoin.”

Hoskinson opined that crypto tokens like Bitcoin represent the “future of money.” Now, “most people under the age of 25 have a positive view of cryptocurrencies, and many of them own them. That is the future. Your children will grow up with those values ​​and those beliefs about the nature of money, ”he said.

The crypto industry certainly saw some major changes and according to Hoskinson, this was a “great moment for our entire industry, regardless of whether you live in or outside the BTC sphere.”

Additionally, Hoskinson predicted that other nations could follow in El Salvador’s footsteps in the future. He stated,

“In the coming years, many more nation-states will use cryptocurrencies as part of their monetary policy, either as reserves in their central banks or using cryptocurrency rails for central bank settlements. Or just simply take a cryptocurrency like El Salvador has done and convert it into the national currency. “

In addition, he stressed the importance of this development. He said that

“… legitimizes the belief that we should be in control of the money in our pockets and, ultimately, we should be in control of how that money moves and who receives it.”

Other followers also added their views. For example, Edward Snowden, a former National Security Agency agent tweeted,

Having said that, the largest crypto token did not rise as expected. At press time, BTC was trading just above the $ 46.5k mark, having witnessed a 9% price correction in 24 hours.

This is a machine translation of our English version.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

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