Argentina: Cardano’s New Crypto Paradise, Says Hoskinson

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In a recent AMA, Charles Hoskinson, the founder of IOG, declared Argentina as the single most promising frontier for Cardano‘s expansion. He cited political reform, crypto-driven economic liberalization, and Cardano’s entrenched presence on the ground as reasons for this decision. Hoskinson positioned Argentina as the platform’s next major strategic play after years of foundational work across Africa.

Argentina: The Land of Cardano’s Dreams

Hoskinson stated, “Argentina is likely going to be the first country of the modern era to have private money over central banks.” He added that nearly $100 billion of Argentina’s $700 billion GDP is now in crypto, crediting much of this transformation to President Javier Milei. Hoskinson even called Milei “the prince that’s promised,” a notable departure from his far more critical remarks on other national leaders like El Salvador’s Nayib Bukele.

While El Salvador received widespread media coverage for making Bitcoin legal tender, Hoskinson dismissed its relevance, calling it “Bitcoin Land” and questioning the transparency and authenticity of the country’s Bitcoin. By contrast, Argentina’s pivot is, in his eyes, structurally aligned with Cardano’s ethos.

Cardano, Hoskinson argued, already holds a strategic first-mover advantage in the region. He emphasized that the political conditions now enable real adoption at scale, with infrastructure and education already underway. He left no doubt about Cardano’s readiness: “We’re not going to lose this. We’re going to move quickly.”

At press time, ADA traded at $0.645.

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2025-06-16 10:42