Cardana Co-Founder: “Wall Street Will Bring ‘Tens of Trillions of Dollars’ to Crypto”

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Cardano’s (ADA) co-founder, Charles Hoskinson, wrote in a tweet on June 20th that Wall Street’s entrance to the cryptocurrency sector will bring in “tens of trillions of dollars:”

Cardano has a market cap of roughly $3.5 billion and is ranked #8 on CoinMarketCap.com. Charles Hoskinson is one of the founding members of Ethereum (ETH), cryptocurrency startup Invictus Innovations, and cryptocurrency tech company IOHK.

When pressed on what the cryptocurrency community is building, Hoskinson replied, “an entirely new world:”

Wall Street and cryptocurrency conjoining is great news for cryptocurrency traders and hodl’ers, with the potential influx of capital. Coinbase announced in mid-May that a new suite of products designed to attract institutional investors by relieving security and regulatory compliance concerns. Meanwhile, the VP of Coinbase estimated that $10 billion of “Wall Street money” has the potential to join the market.

The “trillion” value has been mentioned before by Dan Morehead, CEO of a $1 billion cryptocurrency hedge fund, Pantera Capital, said in April that a $40 trillion cryptocurrency market is feasible, in part due to Wall Street’s increasing interest in clearing cryptocurrency trades.

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