In the wake of El Salvador officially adopting Bitcoin as legal tender, Cardano’s founder says more nations will turn to crypto as a form of currency.
Speaking in a recent YouTube update, Charles Hoskinson, the CEO of IOHK (the company that is responsible for development of the Cardano protocol and the software that implements it), says more nations will follow El Salvador in adopting crypto as legal tender. Hoskinson highlighted the surge in adoption and acceptance for cryptoasseets, saying “the majority of people under the age of 25” hold a positive view towards cryptoassets.
Hoskinson called the youthful trend “the future” for cryptoasset adoption.
As reported by The Daily Hodl, Hoskinson said:
Over a hundred million people, the majority of people under the age of 25, have a positive view of cryptocurrencies and a lot of them own them [some], that’s the future. Their children will grow up with those values and beliefs about the nature of money, so in a certain respect, we, as an industry, won.
Hoskinson also said that “in the coming years, many more nation states will use crypto as part of their monetary policy.”
Hoskinson went on to say that digital assets legitimize the belief that individuals should be in total control of the money they hold, including how it moves and is received. He blasted the alternative of centrally controlled fiat currencies as untrustworthy and heavily influenced by third parties.
Crypto is definitely not only here to stay. It’s very clear that crypto is going to change the world and already has in many ways.
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.