Charles Hoskinsson: “many countries are legalizing Bitcoin following El Salvador” – Bits Media

Cardano founder Charles Hoskinson believes, that the legalization of bitcoin in El Salvador is a great achievement for the cryptocurrency industry, and other countries will soon follow the example of El Salvador.

7 September in El Salvador came into force a law, according to which bitcoin can be used in the country as legal tender. El Salvador became the first state, legalized Bitcoin.

Hoskinson
commented on this event in a broadcast on YouTube, said, that in the near future other countries will follow in the footsteps of this pioneering Latin American country. Bitcoin adoption gives people hope, that they can actually control their money. Hoskinson is confident, that Bitcoin and other cryptocurrencies are the future of the financial system, since the younger generation is already actively using cryptocurrencies, and their mass implementation will be inevitable.

"Most young people 25 years have been good about cryptocurrencies, many of them even own them. These people will pass on to their children their values and beliefs about the nature of money.", - said Hoskinson.

He also suggested, that in the coming years, cryptocurrencies will become an integral part of various government structures. Many states will begin to use digital assets in their monetary policy, use them as reserves in central banks, will begin to use cryptocurrencies for interbank settlements or will simply allow accepting cryptoassets as payment on an equal basis with state currency, How did it happen in Salvador.

Hoskinson recently expressed dissatisfaction, that the cryptocurrency community is "overly enthusiastic" about non-fungible tokens (NFT) and cryptocurrency memes, in particular, Dogecoin.