In our latest interview, we spoke with Charles Hoskinson: a man who has made a significant living investing in crypto, developing his own companies, and, as a hobby, ranching and creating his own anthill art. Charles, who originally graduated from Metro State University in Denver and then studied at the University of Colorado, has helped create three different crypto start-ups and—as we will discuss in the interview—has certainly learned a lot along the way.
While Charles’ most recognizable startup is today’s second-largest coin, Ethereum, it seems his proudest work is what he has done with IOHK and Cardano. We caught up with Charles to learn more about his accomplishments and his views on the future of crypto.
What Does Charles Hoskinson Consider the most important components of crypto?
As someone who is incredibly familiar with the crypto industry as a whole, Charles has become a staunch advocate for crypto as the currency of the future. He wisely recognizes that young people, especially in the developing world, statistically prefer storing their wealth in cryptocurrency rather than their national currency or even their national stock market.
Charles Hoskinson discusses in detail how new coins can provide holders with value and increase their value over time. He is a major advocate for decentralization and universal accessibility, two components he believes helps make these coins so appealing to new investors.
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How is Cardano making a difference in the world?
In the interview, Charles Hoskinson and I discuss how Cardano may very well be the cryptocurrency of the future. The makers of the coin, which specifically focuses on extending crypto access to the developing world, recognizes that the coin is especially valuable for individuals living under corrupt regimes or without access to banks.
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Mongolia and Ethiopia are two countries that Charles’ believes the coin has the potential to take off in. The entire continent of Africa has significant potential for growth. If trading and storing wealth can be extended to the developing world, global wealth discrepancies may someday begin to decrease.
A Closer Look At Cardano (ADA) Price After Interview with Charles Hoskinson
Cardano appears to have bottomed out at 0.04346 after failing to break the new support. On September 19th, it attempted to break inside the Ichimoku cloud. However, the future cloud remains bearish. If the current bullish momentum persists, the ADA/USD pair may end up where it topped out. On Jun 26th, the pair started forming a double top chart pattern. It still isn’t fully completed because the key support is actually at 0.026. But anything is possible in the world of cryptocurrency.
What is the future of Bitcoin and the crypto industry? Is it feasible that Bitcoin will be worth $1 million by 2021?
In the interview, we discuss how John McAfee—a well-known crypto advocate and libertarian rebel—predicts that Bitcoin may be worth more than $1 million by the year 2021 (increasing in value by roughly 10,000%).
Though Charles is a bit more hesitant than John to predict such a quick value increase, he certainly acknowledges that the crypto market has seemingly unlimited potential. Though Bitcoin has far weaker technology supporting it than many of today’s new players, as the main industry’s “gold standard” it will likely lead the way towards the future.
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Follow Charles on Twitter: https://twitter.com/iohk_charles
This brings me back to you. What do you think about the future of Cardano, Ethereum, and Bitcoin? After you subscribed, head over to the comment section, give me a shoutout and let me know.
Remember that as the 4th point of the IDDA technique, you must calculate your risk tolerance before deciding on the investment strategy that is suitable for your portfolio. Don’t forget to complete your risk management due-diligence before developing your investment strategy.
This article was originally published on InvestDiva.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.