Charles Hoskinson Hopes to Work With the US Government and BlackRock to Make Their Bitcoin Reserv...

Charles Hoskinson hopes to work with the US government and BlackRock

He would like ot program their BTC from their Bitcoin reserves

By doing so, sovereign entities and Fortune 500 companies can do more with their BTC.

The crypto market continues to evolve, and this rapid evolution is in no small part thanks to visionary leaders, professionals, experts, and dreamers in the space. One such figurehead is the Founder of Cardano. In detail, Charles Hoskinson hopes to work with the US government and BlackRock, alongside other sovereign entities and Fortune 500 companies, to help make their Bitcoin reserves programmable, allowing them to put their Bitcoin to work

Charles Hoskinson Hopes to Work With US Government and BlackRock

With more and more sovereign entities and Fortune 500 companies buying and holding Bitcoin in BTC reserves, it would mean that Bitcoin would be locked up like gold in Fort Knox, left untouched and building silent values for years and possibly decades, or even longer. As digital gold, Bitcoin (BTC) has more potential besides being locked up in a digital vault. Indeed, BTC can bring value even further by programming it for DeFi capabilities

As we can see from the post above, the Founder of Cardano, Charles Hoskinson, plans on working with the US government and BlackRock, alongside other sovereign entities and Fortune 500 companies, to help make their Bitcoin reserve programmable. As the video states, the conversation began with Hokinson stating that the US government, based on its BTC reserve plans, aims to hold 212,000 BTC

Hoskinson has been known to make many bullish statements based on his goal of making the world as we know it a better and more efficient space, using web3 technology. His hope to encourage collaboration between blockchains has boosted Cardano’s interoperability and ability to scale on an infinite level. Hoskinson has also met with Trump to discuss crypto-friendly policies within the USA

During another talk, Hoskinson stated that soon there won’t be a need for centralized exchanges as they are systems built on blind trust, manipulation, and predatory listing fees. He insists that decentralized exchanges (DEXs) are the path forward as they offer honesty, transparency, and freedom from custodial risk. While this may be true, centralized exchanges also offer unique perks while DEXs offer cons as well

Staked ADA Amounts to Over $18 Billion

Despite Hoskinson gaining more attention, the blockchain Cardano and its native token ADA have also gained a lot of attention due to their steady and stable performance compared to the last bull cycle. Over the last 4 years, Cardano has become a complete and truly decentralized blockchain, offering several additional perks, and ADA holders are waiting for all this blockchain success to reflect on the price of ADA soon

As we can see from the post above, staked ADA is worth over $18 billion, which is higher than that of Solana (SOL) on Binance Smart Chain (BNB). The analyst goes on to state that if staked ADA were counted as TVL, Cardano would be ranked second in the world. This shows a lot of community faith and dedication to the project, promising a bright future for Cardan and ADA