Cardano’s Charles Hoskinson says crypto is poised to overtake the entire financial market – here’s when
Cardano founder Charles Hoskinson said the crypto space is preparing to take control of the entire traditional financial system.
In a new video, Hoskinson shares his thoughts on the current crypto landscape and explains why the nascent industry will become a dominant force that will solve much of the problems in the current financial system.
“[Crypto] is the industry that is the antidote to the excesses, corruption and nepotism that we have discovered. It’s an industry of frustration that has now been replaced by an industry of creativity and innovation. We are going to change the world; It’s as simple as that. We did not ask for permission. We have come here, and we will do it together. And there are just too many people now. The markets are just too big. The innovation is just too broad. It will happen.
It’s no longer a question of if, it’s when and how these dinosaurs will find a way to survive in this new world order.
Hoskinson points out that while crypto is still in its infancy, he sees the industry maturing quickly. He breaks down his vision for the next 10 years, claiming that crypto will take control of the majority of the financial transactions we use today.
âOver the next 10 years there will be more progress in monetary policy for our industry than the last 100 years for central banks.
Over the next 10 years, there will be more advancements in financial engineering, building financial products and the markets in which to trade them than in the past 100 years on Wall Street, England, Tokyo and in all the other places in the world put together.
Over the next 10 years, there will be more 24/7 wealth movement on the crypto rails than there will be through the BIS (Bank for International Settlements), and through protocols. fixed and all those other things. who are the pillars of the financial world.
While the crypto market has been largely driven by the movement of Bitcoin throughout its history, Hoskinson is seeing projects disassociate from Bitcoin this year.
âUnlike previous cycles in 2017 and 2018 compared to where we are today, we are now in a situation where we have decoupled from Bitcoin, and people are starting to realize that while [Bitcoin] was a great experience, it’s not the end of everything and there is more to the story. And unlike in the past, the macro is actually starting to evolve in our favor instead of just being this weird cyclical thing. “
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