Charles Hoskinson Predicts Many More Nation States Will Embrace Crypto As Part Of Monetary Policy

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Cardano founder Charles Hoskinson said more countries would likely embrace crypto after El Salvador became the first country to recognize Bitcoin as legal tender.

The CEO of IOHK, the company behind the Cardano blockchain platform (ADA), says crypto has clearly taken over the market.

More than a hundred million people, the majority of people under the age of 25, have a positive outlook on cryptocurrencies and many of them own them. [some], it’s the future.

Their children will grow up with these values ​​and beliefs about the nature of money, so in one respect we as an industry have won.

Hoskinsons’ comments come after Salvador’s new law came into effect on Tuesday, making BTC an official currency.

In the years to come, many other nation states will use crypto as part of their monetary policy, either as reserves in their central banks using cryptocurrency rails for central bank settlement … like El Salvador l did, and will make it the national currency.

Hoskinson adds that crypto is already transforming the world.

[Crypto] legitimizes the belief that we should control the money in our pockets and that we should ultimately control how that money flows and who receives it, and not trusted third parties we have never met know a lot little and, in many cases, are at odds with the people of the country.

Crypto is definitely not just here to stay. It is very clear that crypto is going to change the world and has already done so in many ways.

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Featured Image: Adventure Photography Shutterstock / EB

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