Charles Hoskinson Says This Is A Rerun Of 2008 Crisis

May 03 2023

In an interview with Fox Business, Cardano founder Charles Hoskinson defended crypto against banks.

Talking about banking regulations, Hoskinson said that we have seen this story in 2008 and this is the rerun of that.

Hoskinson pointed out how the US is lagging behind in crypto regulations as compared to Europe and Asia.

Cardano founder blamed macro economic factors and the political turmoil for the current red market.

Watch Video He further compared how the USA had $373 billion in tied up assets as compared to over $500 billion in 2023. Compared to banks, Hoskinson said things are more simple and pure in crypto.

At the time of writing, Bitcoin is trading at $28,500, nearly 59% down from its all time-high.

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