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El Salvador’s Bitcoin Adoption Will Trigger Same Initiatives From Countries, Per Cardano Creator

By Jenny Aurora | September 9, 2021

After El Salvador officially recognized Bitcoin (BTC) as legal tender countrywide, Cardano founder Charles Hoskinson shared his prediction that numerous nations will follow suit. 

Specifically, the official adoption of El Salvador’s Bitcoin has reportedly granted additional legitimization to the belief that individuals should be at the wheel of their own funds, as Hoskinson remarked via his “Congratulations Bitcoin” YouTube video on August 7th.

The Cardano founder further shared how confident he is in the vision of Bitcoin and other digital coins taking center stage in the future of money, with the younger people will inevitably initiate the broad adoption of crypto. 

“The majority of people under the age of 25 have a positive view of 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,” The Cardano founder remarked. 

Hoskinson also cast his prediction that numerous more nations will establish their presence across the crypto scene, via adding crypto to the list of diverse government structures. 

“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’s predictions and belief regarding El Salvador’s Bitcoin adoption will be the force fueling other nations’ motivation to set foot in crypto, as Edward Snowden has also shared his belief via Twitter.

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