Cardano Co-Founder: Wall Street Will Bring ‘Tens of Trillions of Dollars’ to Cry

[sadatof707]

The intersection of cryptocurrency and Wall Street has been welcomed by those who also see a potential influx in capital. In mid-May, cryptocurrency wallet and exchange Coinbase released a new suite of products designed to attract institutional investors by relieving security and regulatory compliance concerns
https://icoforever.blogspot.com/2018/06/cardano-co-founder-wall-street-will.html

[Hydrogen]

The only things I can think of offhand that are denominated in "trillions of dollars" are GDP's of entire countries and bank derivatives. Claiming crypto will reach those heights is a bold statement. Essentially, he's claiming crypto will put banks out of business. As far as investments go I'm not certain banks or hedge funds would ever abandon their dark pools and HFT trading for less algorithmic intensive trading of a bitcoin exchange, where at least some of their trading advantages would be denied to them & they would be trading at near to the same level as everyone else.

It is nice to see the optimism. I hope he is correct.

Would some of you mind copying and pasting the articles you link to in their entirety? I know a lot of people dislike clicking on links and won't bother reading.

[LeGaulois]

Claiming the crypto community is building a new world is a bit exaggerating if I can say. An economic opportunity to re-think the banking system at the best yes, but a new world?
Even if the blockchain is a disruptive technology it doesn't mean it will change our world and it doesn't mean it will be done via the crypto currency
Poverty will still exist, the same mafia will rule, the same people will bank on wars, etc...

Would some of you mind copying and pasting the articles you link to in their entirety? I know a lot of people dislike clicking on links and won't bother reading.

Here is the original article from Cointelegraph (the original source of the article)

Charles Hoskinson, co-founder of altcoin Cardano (ADA), tweeted June 20 that the entry of Wall Street into the crypto sector will bring in “tens of trillions of dollars:”

https://twitter.com/IOHK_Charles/status/1009689496185724929

Cardano, which is currently ranked 8th on Coinmarketcap, has a market cap of around $3.5 billion. Charles Hoskinson was also one of the founding members of Ethereum (ETH), crypto startup Invictus Innovations, and crypto tech company IOHK.

When asked by a commentator what exactly the crypto community is building, Hoskinson answered “an entirely new world:”

https://twitter.com/IOHK_Charles/status/1009701757486878720

The intersection of cryptocurrency and Wall Street has been welcomed by those who also see a potential influx in capital. In mid-May, cryptocurrency wallet and exchange Coinbase released a new suite of products designed to attract institutional investors by relieving security and regulatory compliance concerns. Speaking about the product release, the VP of Coinbase referred to “$10 billion” of Wall Street money that now had the potential to enter the market.

The “trillion” value has also been bandied around before, as Dan Morehead, CEO of $1 billion crypto hedge fund Pantera Capital said in April that a $40 trillion crypto market is possible, in part due to Wall Street’s increasing interest in clearing crypto trades.

[audaciousbeing]

The intersection of cryptocurrency and Wall Street has been welcomed by those who also see a potential influx in capital. In mid-May, cryptocurrency wallet and exchange Coinbase released a new suite of products designed to attract institutional investors by relieving security and regulatory compliance concerns
https://icoforever.blogspot.com/2018/06/cardano-co-founder-wall-street-will.html

Of course everybody knows any sector that Wall Street gets involved, they are coming in massively and its not going to be small amount of money we talking about, its about funds that could fund some nations entire budget and increase their GDP to a sizeable amount but we should not also remove what comes with it because as they come with so much money to boost confidence and hope, so also when they are about to exit the market the effect can be catastrophic. While its good to be hopeful for this, I wouldn't be banking on it because there is no timeframe attached to this. It could be a wishful thinking or at the point where discussion has not gotten to the point of implementation either way, it better to wait for this to happen than it not happening.