Charles Hoskinson Delivers a Reality Check to the Crypto Community -Breaking
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© Reuters Charles Hoskinson Delivers a Reality Check to the Crypto Community- Charles Hoskinson shared a YouTube video on his Twitter (NYSE:) page recently, titled “A Few Musings”.
- Hoskinson gives a real-life assessment of current conditions in the global currency system.
- He assured viewers that crypto is at its best and growing stronger every day.
The CEO and co-founder of (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”. Hoskinson talks also about the fact that there’s been hyperinflation during the printing of money over the last two decades and how it has cost the US $1 trillion annually to service that debt.
He talked about the risks of inviting Wall Street in to crypto, mentioning how big institutional investors are being pressured to earn 15% per year and how inflation is increasing their goals to 20%.
Hoskinson also mentioned how institutional investors can just abandon unfavorable position because they are more concerned about value than profits.
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.
In the video, he assured viewers that the cryptocurrency space is at its strongest point ever and that it will continue to improve every day. Hoskinson said that institutions and media don’t highlight the positive aspects of crypto markets during times of recessions or retracements.
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