Charles Hoskinson Envisions Cardano [ADA] As The First Trillion Dollar Cryptocurrency
Cardano continues to gain fans and increase its popularity in crypto-verse. The famous third-generation blockchain has managed to keep followers excited about its development as every new advance the team publishes is celebrated and divulged by the community.
Recently, Charles Hoskinson, CEO of IOHK and co-founder of Cardano, commented on his vision of what Cardano might be in the future. In a session with EMURGO, a blockchain startup incubator, he discussed on his hopes for global adoption of Cardano.
“I would love to see Cardano as the first trillion dollar cryptocurrency and the reason being is that that would effectively mean that we have built a self-sustaining economy.”
According to coinmarketcap data, at the time of writing, Cardano (ADA) has a circulating supply of 4.5 Bn USD. Mr. Hoskinson’s dream seems far-reaching; however it is important to mention that Cardano has not yet consolidated its mainnet and is still a work in progress.
The fact that it is in the top 10 of the most important cryptos is an indication of the public’s confidence in the Cardano project. Currently, in the Top 10, only Cardano and IOTA are the only cryptos that do not have a fully developed blockchain (not counting USDT which has a different nature from the rest of the tokens).
Adoption Over Profit: Cardano Community Follows Mr. Hoskinson
He also commented that profit does not primarily motivate his vision of Cardano as a trillion-dollar project. Should Cardano (ADA) become such a highly valued crypto would mean that the Cardano project achieved a level of global adoption beyond being a token for a small group of users:
“I would love to see ADA achieve that level of prominence or currencies connected to ADA achieve that level of prominence because then it basically means that we built a private system that has built-in consistency and fair rules for everybody in the world, not just for the people who happen to be very privileged.”
He also commented that Cardano’s community shares his vision. According to him, a lot of Cardano users are more than just speculators. For him, while some cryptocurrencies like Bitcoin (BTC) have users who are looking to sell as soon as prices rise just to switch their profits into fiat, Cardano users have a real interest in the development of the project. That’s why the community is so active.
To follow the Cardano project closely, visit the IOHK website, or subscribe to the Ethereum World News channel to receive the latest news about this project.