Weiss Ratings, the world’s first ratings agency to open up a division for cryptocurrencies, has challenged Charles Hoskinson, co-founder of the Cardano blockchain technology and one of the original co-founders of Ethereum, in relation to his recent comments on Twitter that Wall Street will bring millions to cryptos.
Hoskinson had originally stated “that after the next wave of regulation, wall street is showing up to the party with … tens of trillions of dollars entering the space eventually.” In a reply to Hoskinson, Weiss tweeted:
Charles Hoskinson, co-founder of #Cardano, tweeted that Wall Street’s entry into crypto will bring in “tens of trillions of dollars.” Slow down, please. Total US banks assets is less than $17 trillion. Even US GDP is less than $19 trillion. #ADA #crypto #cryptocurrency #bitcoin
— Weiss Ratings (@WeissRatings) June 25, 2018
Hoskinson then followed up with a reply of his own within Weiss’ tweet that “Global GDP exceeds 100 trillion and excludes the 3 billion unbanked with trillions in locked up wealth. Within ten years a meaningful percentage of this will leak into crypto. That’s going to be trillions to tens of trillions.”
Whilst the exchange may have appeared to some as something of a stand-off, Weiss and Hoskinson otherwise resumed normal relations with Weiss issuing support today for Hoskinson’s invitation to the TRON team to migrate away from plans for an Ethereum-based Java client to that of Cardano’s own Mantis client.