Bitcoin does what it should this weekend just as Cardano founders Hoskinson warns over Trump’s crypto project

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Last Updated on 22 September 2024 by CryptoTips.eu

Charles Hoskinson, a legend in the world of crypto and the founder of Cardano, sounded the warning over former President Donald Trump’s crypto project during an interview with CNBC this week.

According to Charles, as the Republicans side with crypto while the Democrats attack it, the digital coin industry has lost their independence, which is a disadvantage in the long term, he claims.

Bitcoin is spending the weekend at around $62-$63k which is a bullish sign according to John Bollinger, known for his ‘bollinger bands’ of the same name. He also expects a possible jump to the record because of the slow buildup.

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World Liberty Financial

It seems like it has been a long time since we talked about Cardano on this site. The digital currency founded by Charles Hoskinson (who previously co-founded Ethereum) has not really had a good year. Lack of growth dropped Cardano from CoinMarketCap’s top 10 just as Bitcoin hit a new all-time high this year.

Yet this week Hoskinson was in the news again, this time with a warning. As a well-known American industrialist, he had of course noticed that Donald Trump’s family set up a new crypto project this week, called World Liberty Financial. During an interview with CNBC, Hoskinson said that Trump has caused crypto to lean Republican from now on, while before it was actually independent.

Pelosi

And that’s bad, he claims, because politicians are usually opportunists. Although Trump is clearly trying to make money (and gain the votes of youngsters) by siding with crypto, he claims that Democrats are doing exactly the same whenever they can. As an example, he mentions Nancy Pelosi’s investments (it is no secret that Nancy Pelosi, just about the most powerful Democrat alongside President Joe Biden, appears to be a genius when it comes to investments. Some people claim that she informs her husband about legislation and deals for companies before they become publicly known, but evidence for this has never been provided).

In any case, according to Hoskinson, the crypto industry will only continue to grow, with or without Donald Trump. The MICA regulations in Europe and the popularity of crypto in the United States and Asia are proof that the digital currency industry is on the rise.

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
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