Cardano co-founder Charles Hoskinson took to Twitter to express his views on how the crypto industry can benefit from Wall Street:
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
— Charles Hoskinson (@IOHK_Charles) June 21, 2018
The idea of the merging of the crypto space and Wall Street has always been welcomed as many see the potential of this union. May 2018 has seen crypto exchange Coinbase release products designed to lure more institutional investors into the crypto space.
While Hoskinson’s “trillion dollar” prediction may seem like a long shot, Coinbase’s Vice President has commented once about the potential of $10 billion of Wall Street money to enter the crypto market. Pantera Capital CEO Dan Morehead did comment, however, about the possibility of a $40 trillion crypto market, partly due to Wall Street integration and interest in the crypto space.