According to the tweet of the co-founder of altcoin Cardano (ADA) Charles Hoskinson on June 20 regarding the approach of Wall Street into the crypto sector will produce tens of trillions of dollars:
“What’s often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, wall street is showing up to the party with all their locked up capital. That’s tens of trillions of dollars entering the space eventually. Future is bright.”
Currently ranked 8th on Coinmarketcap, Cardano has a market cap of approximately $3.5 billion. In addition, crypto startup Invictus Innovations, crypto tech company IOHK and Ethereum’s (ETH) founding members include Charles Hoskinson.
A commentator questioned what it is exactly the crypto community is building that is useful beyond bitcoin, Hoskinson replied “an entirely new world.”
People who see the potential influx of capital welcomed the intersection of cryptocurrency and Wall Street. A new suite of products was launched by exchange Coinbase and crypto wallet to entice institutional investors by decreasing security and regulatory compliance concerns. The VP of Coinbase, in relation to the product release, also noted the $10 billion of Wall Street money that now had the possibility to enter the market.
(Image Source: Twitter | @IOHK_Charles)