The CEO of IOHK, the Cardano developer, Charles Hoskinson, firmly rejected the prospect of the first cryptocurrency being banned by U.S. authorities.
During an AMA session (Ask Me Anything — ask me anything), he said:
“That ship has sailed. Bitcoin won’t be banned.”
stated the high likelihood of banning digital gold in the United States, Ray Dalio, founder of Bridgewater Associates.
The billionaire cited India as an example where such a move regarding all cryptocurrencies is being considered at the legislative level.
Hoskinson also said he planned to discuss with Galaxy Digital founder Mike Novogratz about Cardano’s native token — ADA.
But the IOHK chief urged the community not to harbour much hope that Novogratz would become a supporter of the coin.
“Perhaps we can convince him that Cardano is a real project. I think he is probably a fan of Ethereum’s popularity, and regards us as fraudsters, and me as a pathological liar,” Hoskinson added wryly.
Novogratz asked his Twitter followers what Cardano is and why the asset has such a large market capitalization. He added that he had never traded ADA.
In late February, during a bullish rally, the cryptocurrency rose to third place in market capitalization. At the time of writing Cardano sits fifth with a market capitalization of just over $38 billion, slightly behind Binance Coin and Tether (according to CoinGecko).
A Voyager survey found that nearly a third of retail investors in the United States are more optimistic about Cardano’s price than Bitcoin.