One of the eight co-founders of Ethereum and co-founder of Cardano, Charles Hoskinson made an interesting tweet last week. In it he emphasized on the Wall Street entrance in the cryptocurrency industry, the aftermath of which will bring tens of trillions of dollars into the cryptocurrency ecosystem. It is long debated whether Wall Street will enter and how much money they will bring to the cryptocurrency ecosystem, but Charles Hoskinson is convinced that it will be a lot more money than the current market capitalization. If you want to read more on Cardano or Ethereum, there will be links to our Cardano and Ethereum guides at the end of the article.
Wall Street investments will be in a way – Mainstream adoption
The entrance of Wall Street money in the cryptocurrency ecosystem is long awaited and talked about. Many cryptocurrency enthusiasts consider Wall Street’s investments in the crypto economy to be the ultimate step towards mass adoption. One thing is for sure, that if these investments come to the economy, then prices will rise like mad. Currently, the total market capitalization is 245$ billion. Imagine if even 1$ trillion enters the economy. Things will escalate quickly.
The 1$ trillion market capitalization mark has been speculated a lot, with many naysayers and some that truly believe it. I think that 1$ trillion market cap is highly possible and even more than 10$ trillion is possible. With more regulations on the industry, many corporations will invest in the industry which could trigger a snowballing effect.
What's often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That's tens of trillions of dollars entering the space eventually. Future is bright
— Charles Hoskinson (@IOHK_Charles) June 21, 2018
Cardano is a project you should watch out for
Cardano is currently staying strong in the 8th place for cryptocurrencies by market capitalization with over 3,260$ billion. Cardano is trading at 0.126$ at one of the worst moments for the cryptocurrency market in 2018. Charles Hoskinson left Ethereum to co-found Cardano as a revolutionary new project. He was asked after the tweet about what is the cryptocurrency community building. And his answer was on point: An entirely new world!
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