Cardano Creator: El Salvador’s Bitcoin Adoption Is a Win for Crypto Industry At Large

Charles Hoskinson, the creator of the emerging smart contracts platform, Cardano (ADA), has congratulated Bitcoin (BTC) for the milestone of officially becoming a legal tender in El Salvador.

In a video shared on 8th September, titled “Congratulations Bitcoin”, Hoskinson stated that the adoption of the flagship cryptocurrency is a win for the crypto industry at large.

Charles Hoskinson noted:

“We, as the industry, won. Now we are just sorting out the details of what it means… The majority of people under the age of 25 have a positive view on cryptocurrencies, and a lot of them own them. That’s the future. Their children will grow up with those values and those beliefs about the nature of money.”

In his words, the CEO of Input Output Global (IOG) acknowledged that digital assets such as Bitcoin (BTC) are the money for the future. He added that this is a major change for the whole crypto ecosystem regardless of where you stand.

He said this is a “sheer moment for our entire industry regardless of whether you live in or outside the BTC sphere.”

Other Nations Will Follow El Salvador’s Footsteps

In addition to the cheers above, the creator of Cardano (ADA) predicted that other nations will eventually join El Salvador in Bitcoin and cryptocurrencies adoption.

Charles Hoskinson noted:

“In the coming years, many more nation-states will use crypto as part of their monetary policy, either as reserves in their central banks or using cryptocurrency rails for central bank settlements. Or potentially just simply taking a cryptocurrency as El Salvador has done and make it the national currency.”

Hoskinson also described the latest development as a means for the people across the globe to have control over the movement of their hard-earned money.

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Solomon Odunayo

Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.