More countries will embrace cryptocurrencies as part of their monetary policy
Charles Hoskinson, founder of Cardano, believes that other countries in the world will follow the example of El Salvador and join the crypto industry
The founder of Cardano, Charles Hoskinson, prophesied that different nations of the world will end up assuming the El Salvador model and “in the coming years, many more countries will use cryptocurrencies as part of their monetary policy, either as Central Bank reserves or using cryptocurrency blockchains for central bank operations, or potentially just taking a cryptocurrency and turning it into the national currency.”
The admission of Bitcoin in the Latin American nation strengthens the belief that people “should have control of their money”. This statement was made by Hoskinson in the YouTube video where he congratulates Bitcoin for being accepted as legal tender.
The founder of Cardano expressed his joy for the move and the victory that this implies for the “cryptocurrency industry”. He is sure that crypto assets like Bitcoin are the money of the future, because the generation of young people will induce, in a massive way, so this phenomenon inevitably becomes a reality.
In his opinion: “Most people under the age of 25 have a positive opinion about cryptocurrencies, and many of them do. That is the future. Their children will grow up with those values and those beliefs about the nature of money.”
Other analysts also share Hoskinson’s point of view and consider that “more countries around the world will join the cryptocurrency industry by accepting them as part of various government structures.” Legal recognition by El Salvador is influencing other nations to enter the crypto market.
M. Rodríguez
Source: cointelegraph
