IOG CEO and Cardano founder Charles Hoskinson thinks that after El Salvador adopts Bitcoin as an official currency, other countries may follow suit:
In the coming years, many more nation-states will use cryptoassets as part of their monetary policy (either as reserves at central banks or by using cryptoasset rails for central bank settlements).
Hoskinson says that El Salvador’s adoption of Bitcoin as a legal currency reflects how far the industry has come in just 12 years:
“As an industry, we won. We now enumerate the details of what this actually means.”
Hoskinson adds that from now on, each nation-state should find its own cryptoasset strategy:
“This legitimizes the belief that we should be in control of our pocket money, ultimately controlling how that money moves and who gets it.”
Hoskinson has also taken a stand against crypto tribalism, claiming that the crypto-asset industry is more uniting than dividing.
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