The fact that Cardano’s (ADA) was suddenly included in Donald Trump’s crypto reserve plan came as a complete surprise for Charles Hoskinson. The founder of Cardano woke up on 2 March with more than 150 messages from congratulations, without any idea why.
“We knew nothing.” “Nobody informed us or contacted us,” said Hoskinson in a video light on March 5. According to him, he tried earlier to have conversations with policy makers, but he was always told: “We call you back” or “We look at it later.”
Crypto world divided
On 2 March, Trump announced his plan for an American crypto reserve, in which, in addition to Bitcoin (BTC) and Ethereum (ETH), XRP, Solana (SOL) and Cardano were also given a place. The announcement caused a substantial price reaction. Cardano rose from $ 0.647 to a peak of $ 1.14 within a few hours, but lost 30% of that profit the next day.
The recording of Cardano, XRP and Solana called on a variety of reactions within the crypto world. While some investors were enthusiastic, others thought that only Bitcoin should be eligible. Analysts and entrepreneurs from the sector expressed their doubts about the plan and the selection criteria.
Hoskinson, who had no participation in the decision, indicated that many political and legal steps are still needed before such a reserve becomes reality. “These meetings ensure that the subject gets attention, but real policy requires cooperation at a broader level,” he said.
This Friday we can most likely expect more details about what the Summit will entail, which may give more insight into the following steps.
Consequences for Cardano
The inclusion of Cardano in the American reserve plan can give the adoption and development of the network a big boost. More attention for Cardano can ensure that companies and institutions take the cryptocurrency more seriously, which could increase demand and liquidity. In addition, this sudden attention can stimulate the development of Dapps and Smart Contracts on Cardano.
Within the Cardano community, the inclusion in the reserve plan with mixed feelings is received. Some see it as a confirmation of the technological power and reliability of Cardano, while others are skeptical about the political implications. Hoskinson emphasized that this development came unexpectedly and that it does not mean that Cardano will actively work with policy makers.
Whether this recording is more than a short -term price rally will learn time. At the time of writing, the Cardano rate is $ 0,9451, a decrease of 0.14% in the last 24 hours.
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Source: https://newsbit.nl/cardano-als-amerikaanse-reserve-oprichter-hoskinson-wist-van-niets/
