Cardano (ADA) founder Charles Hoskinson has predicted that crypto will get more adoption as the national fiat currencies of several countries start to fail. According to Hoskinson, South American countries are experiencing a left-wing wave, which he believes will impact the region within the next decade.
Hoskinson made this prediction based on the recent victory of Lula Da Silva as Brazil’s new president. Da Silva previously served as Brazil’s President but was imprisoned in 2017 on corruption charges. A Supreme Court decision eventually released him. A recent Chainalysis report noted that crypto adoption in South America had grown by 40% within the last 12 months.According to the report, citizens in the region adopted crypto as an avenue to hedge against inflation.https://cryptoslate.com/hoskinson-predicts-more-crypto-adoption-as-sovereign-currencies-fail/