Many people consider Elon Musk to be one of the biggest influencers in the cryptocurrency industry. A few weeks ago, the billionaire acquired the social network Twitter. Many members of the crypto community now believe that Twitter is the go-to platform for discussing digital asset issues. For Charles Hoskinson, the founder of Cardano (ADA), Elon Musk’s takeover will boost crypto adoption.
Elon Musk’s crucial role in adoption
The adoption of cryptos and their ability to drive financial inclusion is something that matters a lot to Charles Hoskinson. The founder of the Cardano (ADA) blockchain does not miss any opportunity to address the issue. He rightly has speak of Elon Musk’s ability to drive crypto adoption. This was during a Web Summit 2022 panel discussion.
Elon Musk’s takeover of Twitter will bring 200,000,000 more crypto users, he says
“It’s just crazy the scale of things. There are 300 million crypto users in the world now. It went from zero to 300 million in just 13 years (…) Elon Musk, by buying Twitter, will probably bring crypto to 200 million people. He fully intends to integrate cryptos into it in one form or another. I think that’s why Binance invested half a billion dollars in it”did he declare.
Charles Hoskinson says he is convinced that Twitter will become a platform that will centralize many crypto services. Therefore, it is expected to be at the heart of adoption growth over the next few years. The founder of the ADA gave the example of the DOGE, which is doing quite well, since the announcement of the arrival of Elon Musk at the head of the blue bird. As a reminder, Elon Musk has, several times, taken up the cause of crypto with the dog’s head.
Charles Hoskinson says he is optimistic about the direction the crypto market will take over the next few years. He confirmed that Twitter, the social network of Elon Musk will play a key role in the adoption of digital assets.
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