Cryptocurrency News

Charles Hoskinson Delivers a Reality Check to the Crypto Community

2022.05.11 14:31

Charles Hoskinson Delivers a Reality Check to the Crypto Community
Charles Hoskinson Delivers a Reality Check to the Crypto Community

  • Charles Hoskinson shared a YouTube video on his Twitter (NYSE:TWTR) page recently, titled “A Few Musings”.
  • Hoskinson delivers a reality check on the current state of the global money system.
  • He reassured viewers that the crypto space is in the best position it has ever been, and that it grows stronger by the day.

The CEO and co-founder of Cardano (ADA) Charles Hoskinson, published a YouTube video on his Twitter page recently, titled “A Few Musings”.

Hoskinson starts off by delivering somewhat of a reality check on the current state of the global money system and says that the “world economy is not healthy”. He also talks about how in the last 20 years, there has been hyperinflation in the printing of money and that the US is in so much debt that it costs $1 trillion a year just to service their debt.

He also spoke about the dangers of inviting Wall Street into the crypto space, talking about how large institutional investors are pressured to generate 15% annual returns and how the current inflation has increased their targets to 20% per annum returns.

In addition, Hoskinson mentions how institutional investors just dump their unfavorable positions as they prioritize profits over value.

After his overview of the sinking legacy financial system, Hoskinson spoke about how he has been in the crypto space for almost a decade and shared his amazement at the constant “rhyming of attitude” seen in the space as people continue to panic during the recent crypto market crash.

He reassured viewers of the video that the crypto space is in the best position it has ever been and that it grows stronger by the day. Furthermore, Hoskinson stated that media and institutional investors do not highlight the strengths of the crypto market in times of recession or retracements.

Continue reading on CoinQuora

Source

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 66,337.77 0.94%
ethereum
Ethereum (ETH) $ 2,568.76 2.00%
tether
Tether (USDT) $ 0.999117 0.03%
bnb
BNB (BNB) $ 582.43 1.82%
solana
Solana (SOL) $ 166.34 0.02%
usd-coin
USDC (USDC) $ 0.9999 0.01%
xrp
XRP (XRP) $ 0.525653 1.27%
staked-ether
Lido Staked Ether (STETH) $ 2,568.78 2.01%
dogecoin
Dogecoin (DOGE) $ 0.137315 2.40%
tron
TRON (TRX) $ 0.159653 0.02%
the-open-network
Toncoin (TON) $ 5.14 1.51%
cardano
Cardano (ADA) $ 0.353098 1.57%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,039.33 2.12%
avalanche-2
Avalanche (AVAX) $ 26.64 3.57%
shiba-inu
Shiba Inu (SHIB) $ 0.000018 2.63%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 66,285.76 0.98%
weth
WETH (WETH) $ 2,570.21 2.01%
chainlink
Chainlink (LINK) $ 11.36 6.38%
bitcoin-cash
Bitcoin Cash (BCH) $ 349.94 1.84%
polkadot
Polkadot (DOT) $ 4.22 2.22%
dai
Dai (DAI) $ 0.99947 0.03%
uniswap
Uniswap (UNI) $ 7.73 4.13%
leo-token
LEO Token (LEO) $ 6.06 0.45%
near
NEAR Protocol (NEAR) $ 4.58 1.54%
sui
Sui (SUI) $ 1.88 2.25%
litecoin
Litecoin (LTC) $ 68.88 1.73%
aptos
Aptos (APT) $ 9.89 8.96%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,701.20 2.10%
pepe
Pepe (PEPE) $ 0.00001 2.66%
bittensor
Bittensor (TAO) $ 527.09 4.36%
internet-computer
Internet Computer (ICP) $ 8.12 2.92%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.32 2.66%
kaspa
Kaspa (KAS) $ 0.131717 3.11%
monero
Monero (XMR) $ 156.06 0.83%
ethereum-classic
Ethereum Classic (ETC) $ 18.71 1.88%
stellar
Stellar (XLM) $ 0.093966 1.36%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.357319 2.13%
first-digital-usd
First Digital USD (FDUSD) $ 0.999018 0.05%
blockstack
Stacks (STX) $ 1.76 1.34%
whitebit
WhiteBIT Coin (WBT) $ 18.28 2.55%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.03%
dogwifcoin
dogwifhat (WIF) $ 2.42 0.20%
immutable-x
Immutable (IMX) $ 1.45 3.63%
okb
OKB (OKB) $ 39.67 1.39%
arbitrum
Arbitrum (ARB) $ 0.563751 2.78%
aave
Aave (AAVE) $ 148.63 1.65%
filecoin
Filecoin (FIL) $ 3.70 2.06%
optimism
Optimism (OP) $ 1.71 0.31%
crypto-com-chain
Cronos (CRO) $ 0.076051 1.26%
render-token
Render (RENDER) $ 5.09 0.90%