Co-founder Cardano: Wall Street will bring "tens of billions of dollars" into the crypto

Charles Hoskinson, co-founder of Cardano, posted on Twitter about Wall Street's entry into the crypto sector. He thinks they will get "tens of billions of dollars" into the market.

Cardano, ranked No. 8 on CoinMarketCap, has a capitalization of approximately $ 3.5 billion. Charles Hoskinson was also one of the founding members of Ethereum and previously worked at the start-up crypt Invictus Innovations and the IOHK crypto company.

When asked what kind of community crypto will build, Hoskinson responded "a whole new world," quotes CoinTelegraph.

Cryptovalent intersection with Wall Street has been enthusiastically received by those who also provide a capital infusion. In mid-May, Coinbase launched a suite of products designed to attract institutional investors by mitigating security concerns and compliance with existing legislation. In a talk about this launch, Vice President Coinbase also mentioned that "10 billion" of Wall Street money could now enter the crypto market.

The idea of ​​"trillions" was also mentioned earlier, as did Morehead, the CEO of the investment fund crypto Pantera Capital, which is listed at 1 billion USD in April. He said a cryptographic market valued at $ 40 trillion is tangible, partly due to Wall Street's growing interest in crypto transactions.