Charles Hoskinson, the founder of Cardano, thinks so. He recently sparked a lot of buzz by suggesting that Elon Musk, now heading the (fictional) Department of Government Efficiency (DOGE), might push the US government to adopt Cardano.
Hoskinson’s Prediction: Cardano in the Conversation
Hoskinson believes Musk might recommend the US government adopt cryptocurrency, and he thinks Cardano would be a strong contender. However, he acknowledges that getting the government to adopt any blockchain is a long, complex process involving procurement procedures, lawsuits, and congressional approvals. He’s confident that Cardano will be ready when the time comes.
Navigating a Difficult Crypto Climate
Hoskinson also highlighted the challenges the crypto industry faced in recent years, mentioning lawsuits against major exchanges like Coinbase, Kraken, and Binance, and banks shutting down crypto-related accounts. He emphasized the need for a more supportive environment in the US, prioritizing the removal of regulatory hurdles, fostering growth, and ultimately getting the US government to use blockchain technology – with Cardano playing a key role.
Musk’s Crypto Ambitions and X
Hoskinson speculates that Musk plans to fully enter the cryptocurrency space through his platform, X (formerly Twitter). He envisions X becoming a massive cryptocurrency wallet with potentially 500 million users. However, which blockchain(s) Musk will ultimately support remains uncertain, ruling out Ethereum and Solana.
Hints and Speculation
Reports suggest Musk’s DOGE department is exploring blockchain solutions for government operations, potentially using a digital ledger for tracking spending, securing data, processing payments, and managing federal assets. There have even been informal contacts with various public blockchains, fueling speculation about Cardano’s potential inclusion.
Adding to the intrigue, Hoskinson’s cryptic social media post about a “VIP dinner” and the mention of “Diet Coke” has led to speculation about a connection to President Trump and Musk, both known for their Diet Coke preferences. This has further fueled speculation about a potential link between the dinner, government policy, and Cardano’s future.
At the time of writing, ADA (Cardano’s cryptocurrency) was trading at $0.78.
