Cardano (ADA) co-creator Charles Hoskinson predicts cryptocurrencies will decouple from traditional markets within two or three years.
In a new interview with Fox Business News, Hoskinson says he initially thought people would use cryptocurrencies as a safe haven for investment during global economic downturns, but instead it has experienced a price correlation with other risk assets and the S&P 500 (SPX).
However, the Input Output CEO and founder says that as the crypto market matures it will begin to operate independently of other investment classes.
“I used to believe that crypto would be counter-cyclical and be a place where people would put assets when they are fearful of the global economy. But so far they seem to be moving in parallel with tech stocks and some more of the more standard equity markets. So that’s kind of a problem. But all things considered, I think that long term the crypto markets are going to decouple from the traditional marketplaces and have their own...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...