Charles Hoskinson, co-founder of Cardano and former CEO and co-founder of Ethereum, wrote on Twitter that Wall Street will bring “tens of trillions of dollars” into crypto world in the future. His statement came after all of the cryptocurrencies declined and the cryptocurrency market cap lost $13 billion.
Hoskinson tried to reassure crypto advocates that the future will look a lot better as compared to the current situation. When a follower applauded his efforts in sending a positive message, he called himself a “guy in the back” because in order to succeed “everyone has to do their part”. At present, Hoskinson is traveling to Tokyo in order to attend Japan Blockchain Conference 2018 as a guest speaker.
The developer is currently the CEO of the tech company Input Output HK. Under the firm, he, along with other team members, created distributed computing platform Cardano. It is the seventh-largest cryptocurrency, however, it has also dropped in value ever since January of this year. At the time of writing, Cardano is worth $0.126, declining by almost 9.38% in the last 24 hours.
Nick Szabo, crypto pioneer and smart contracts developer, also chimed in with his own opinion. He said that until the uncertainty in Bitcoin is not eliminated, “its volatility will decline until it reflects more the uncertainty in fiat than its own”.