After El Salvador became the first country to adopt bitcoin as its national currency, IOG CEO Charles Hoskinson said other countries could follow suit in the future.
“In the coming years, many other nation-states will use cryptocurrency as part of their monetary policy (either as reserves at their central banks or using ‘crypto rails’ for settlements at central banks),” Hoskinson said.
The creator of Cardano also added that from now on, each state will have to develop its own strategy in the field of cryptocurrencies:
“This legitimizes the belief that we must control the money in our pockets and ultimately must control how that money moves and who gets it.”
Hoskinson said the moment El Salvador adopted bitcoin as legal tender could be food for thought about how far the industry has come in 12 years.
“We, as an industry, have won. Right now we’re just sorting out the details of what that really means, ”added Charles Hoskinson.