Cardano Co-Founder: Wall Street Will Bring ‘Tens Of Trillions Of Dollars’ To Crypto

According to Charles Hoskinson, who is the co-founder of the altcoin Cardano (ADA), the entry of Wall Street into the crypto sector could potentially bring in “tens of trillions of dollars”.

The news comes from a recent tweet by Hoskinson (shown below).

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 currently an altcoin that is ranked 8th on Coinmarketcap with a market cap of around $3.5 billion. Hoskinson, who is one of the people behind it, was also behind Ethereum (ETH) as well as the crypto startup Invictus Innovations and the crypto tech company IOHK.

Hoskinson’s tweet raised many eyebrows – but also led some people asking him more questions about the crypto community. One commentator asked him what exactly this type of community is building, and Hoskinson replied “an entirely new world”.

An entirely new world

— Charles Hoskinson (@IOHK_Charles) June 21, 2018

Meanwhile, the link between Wall Street and cryptocurrencies has been welcomed by many people who see a potential influx in capital. In May this year, the leading exchange Coinbase released a suite of products designed to attract institutional investors.

In other news, the “trillion” value of the market cap has already been discussed – mostly by the owner of the $1 billion crypto hedge fund Pantera Capital – Dan Morehead. Back in April 2018, Morehead stated that a $40 trillion crypto market is entirely possible, mostly because of Wall Street’s increasing interest in crypto trading.