Cardano Creator: Crypto Assets is Heading a Global Awakening
In a recent interview, IOHK CEO, Charles Hoskinson talked about crypto assets ushering in a new age of financial equality. He referred to Libra as the “Sputnik moment,” that is, the realization, by the US, that the world is changing. And that drastic action is required to stay relevant.
However, the sting in the tail of all of this is the awakening, by the old guard, to the loss of centralized control. And, as Hoskinson alludes to, this awareness is the reason for Washington, and others, openly resisting crypto adoption.
Threat To The Establishment
Since the announcement of , extensive media coverage has placed crypto firmly on the map. Indeed, Facebook’s standing, as a top tech company, was the catalyst needed for authorities to sit up and pay attention finally.
And with that comes the realization, from the old world order, that crypto assets present a real threat to its continuation. Hoskinson described the current economic setup by saying:
“The financial order we have comes from the , and the subsequent agreements from the 1940s.