Cardano's Charles Hoskinson and Brock Pierce Drop Bombshell Predictions at DNA House Event

Hold onto your hats, crypto fans! Charles Hoskinson, the mastermind behind Cardano, just dropped a bombshell at the DNA House event in Paris. He's calling it: crypto is set to take over the global financial scene, smashing the walls between traditional finance and DeFi into dust. And guess what? Brock Pierce is right there with him, dreaming of a world where the unbanked can ride the crypto wave to financial freedom.

On April 10, in the heart of Paris, Hoskinson laid it all out. He's envisioning a future where crypto isn't just a niche; it's the norm. A world where finance is so inclusive and decentralized, the lines between TradFi and DeFi blur into oblivion. "We're talking one global market in the next five to ten years," Hoskinson declared, "where you're the boss of your identity and your data."

"So we're going to have one global market in five to 10 years, which is self-sovereign, which means that you own your own identity, you're in charge of the disclosure regime," said Hoskinson.

"It's liquid, meaning it runs 24 hours a day, seven days a week, everywhere you look, everywhere you go. And assets can flow freely from one system to another system from your bank to a cryptocurrency," he continued.

But wait, there's more! Hoskinson isn't just talking big; he's predicting a "tidal wave of capital" flooding into crypto from big guns like governments and institutions that were once scared off by regulatory fears. "There's this gigantic tidal wave of capital and it's waiting to come into the cryptocurrency space and one of the biggest hurdles was the regulatory rules. But as those come down, the last hurdle is how do you merge the private with the public," he explained.

To smash through this barrier, Hoskinson's cooking up something called Midnight—a slick combo of private smart contracts and digital identity systems. This baby lets you keep your data private while still making your transactions trackable on the blockchain. "I have nothing against these companies. They're good companies. They're run by good people; but at the end of the day if you're in a public ledger and transacting, it's known forever by design. So you need a privacy preserving system so that you can do those stablecoins but still preserve the regulatory schemes," Hoskinson pointed out, taking a jab at the untraceable nature of some stablecoin systems.

And he's not stopping there. Hoskinson is all about building bridges, not walls. He's pushing for more blockchain-to-blockchain partnerships, urging the crypto world to stop fighting and start loving. "I'm just tired of the adversarial nature of this space. I'm tired of tokenomics trying to get people to hate each other. We've got to have people love each other. We've got to have people work with each other," he passionately stated.

Banking the Unbanked Societies

But it's not just about the big bucks. Brock Pierce, co-founder of DNA, is singing a different tune about the Trump administration's crypto-friendly moves sparking a worldwide revolution. Chatting with Hoskinson, Pierce pointed out the huge leaps crypto has made since Trump took the reins, a stark contrast to the regulatory crackdowns during the Biden era.

"Those days are over. We have permission. And I don't mean we were permissionless systems, but that doesn't mean our systems of governance or governments were giving us permission. We had to go to bed every night worried that we might have some investigation that starts tomorrow," Pierce shared, relieved at the new era of acceptance.

He's seeing a domino effect, with other countries jumping on the crypto bandwagon, transforming their financial and government systems. "This brings us out of web2 and into an environment where the users are incentivized with something more than just access but some economic participation in the value of the platform. These are huge things. There's way beyond $7 trillion of potential growth here," Pierce exclaimed, eyes wide with the possibilities.

Pierce isn't just talking the talk; he's walking the walk, jetting off to developing economies in Asia and Africa to help them embrace crypto. He's convinced that crypto can be a game-changer for these regions, slashing transaction fees and empowering the unbanked. "The good news is with layer2s and the architecture of systems we're getting around high gas fees and the big transaction fees. Meaning the products and services that people are building should be able to solve that problem," Pierce confidently stated.