Cardano’s Hoskinson Discusses Moderna as Banks Express Interest in Holding ADA

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Last Updated on 10 March 2021 by CryptoTips.eu

Jeroen Kok

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Charles Hoskinson, founder of Cardano and CEO of Input Output HongKong (the company that governs the famous cryptocoin) is a keen observer and charming speaker on all things relevant. One of the more striking comments he made in the past few days was in relevance to Moderna and it’s Covid-19 vaccine.

The fact that crypto personalities are now giving financial advice to major pharma companies means that the world of crypto and classic finance have really intertwined.

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Bloomberg on Bitcoin

Just as Bloomberg quoted that “Bitcoin was now the new gold,” Hoskinson decided to focus on the vaccine that apparently the whole world has eagerly been waiting for in order to return to pre-pandemic conditions. He stated that:

Moderna needs to pull a tesla and do a seasoned equity offering to recapitalize. These markets could easily get them 3-5 billion of spending cash for deep R&D. Strike while the iron is hot.

With that, Charles was referring to the fact that western governments are now more likely to pay for the vaccine as it offers a second chance next to the one from Pfizer, and therefore Moderna has to profit from the current market conditions.

YouTube video

Some of his commenters would hope that Hoskinson tweet more about Cardano itself though as the coin is one of the only remaining cryptos in the CoinMarketCap top 10 that hasn’t been steadily climbing as of late now that Bitcoin seems to be in a new bull run.

Switzerland and banking

Then again, things could be looking up for Cardano already with Hoskinson simply not being allowed to tell. As we’ve previously mentioned, the Swiss government spoke very positively about Cardano and Algorand in the past few months, and now the CEO of the Cardano Foundation, Frederik Gregaard, recently (6 November) declared on the adoption of ADA by banking institutions that:

I already know some banks that can do this, but I’m not allowed to mention their names because they think there may be some regulatory turmoil, I need to agree with them before I disclose them (…) but it can be done today, and there are possibilities for that in the future. As a banker I know which buttons I need to push.