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On Tuesday (October 11), Charles Hoskinson, Co-Founder and CEO of Input Output Global (aka “IOG”), the blockchain technology firm behind Cardano’s R&D, explained in an interview why he is very bullish on crypto in the long term.
His comments were made during an interview with Maria Bartiromo, the anchor of “Mornings with Maria”, on American cable TV channel Fox Business Network (FBN).
When Bartiromo asked Hoskinson for his current assessment of the crypto market and how he expected crypto regulation in the U.S. to change, the IOG CEO replied:
“It’s a tough market. The stock markets are down nine trillion dollars, and the crypto markets don’t seem to be immune to that, but, you know, I’ve been through seven boom and bus cycles in the last eight years. So, we’ve gotten pretty used to it. We’ve gotten used to volatility, but the fundamentals are still very strong.
“All the infrastructure continues to be built. There’s a lot of great exchanges doing wonderful things. A lot of good protocols doing things. So, like all things, it’s businesses as usual, and most the major actors are still building and still doing interesting things. So, I’m overall very optimistic in a long term, but it’s going to be a rough short term.“
Then, when asked about Coinbase receiving regulatory approval to operate in Singapore, Hoskinson said:
“Well, the United States has been very difficult, and as a result, a lot of crypto companies are going global and that ultimately it means they’re moving jobs and opportunities outside of the United States,
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