Charles Hoskinson, the founder of Cardano (ADA), is betting big on the cryptocurrency space. In his recent interview, Hoskinson shared how the mighty Magnificent Seven, or MAG7, enterprises may soon foray into the cryptocurrency space, as the domain has now started to evolve into a full-fledged ecosystem accommodating diverse narratives.
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Hoskinson Believes MAG7 Firms Are Entering Crypto: Exciting Times Ahead?
In a recent interview, Charles Hoskinson, the founder of Cardano, was noted speaking at length about the cryptocurrency industry in general. He shared how he thinks the magnificent seven companies, such as Google, Amazon, MicroStrategy, Meta, Apple, and Nvidia, may soon explore crypto, making it one of the most definitive decisions of their lives.
“The temptations for the MAG7 of the magnificent seven are extremely strong. In fact, Facebook tried to enter the cryptocurrency space a few years ago with a project called Libra. It kind of got smashed down by the regulators. All these other guys because they wanted WhatsApp and Facebook Messenger in the payment system. You’re chatting with somebody, and you say, “Hey Sean, can I borrow 20 bucks? Sure, and then you just tap your phone, and you send 20 bucks. Just like that, no banks were involved. It’s person-to-person and completely decentralized. Because they thought there are billions of people on this platform. And we could be the world’s largest payment processor through this whole setup. There’s too much temptation for these guys to come in. They were just waiting for the regulatory window to open and come in.”
Hoskinson later shared how being a cryptocurrency entrepreneur is similar to a better PayPal, which gets better with time.
“Once they enter, for the consumer, it just feels like a better PayPal—a better traditional bank interface.”
JUST IN: #Cardano $ADA Founder Charles Hoskinson says "the temptation for MAG7 (Amazon, Apple, Google, Microsoft, Meta, Nvidia, Tesla) to enter crypto is extremely strong. Once they enter, for the consumer, it just feels like a better PayPal—a better traditional bank interface." pic.twitter.com/kgC5D49I3B
— Angry Crypto Show (@angrycryptoshow) July 10, 2025
MAG 7 Warming Up to Crypto?
As institutional interest warms up to crypto, a new study by Standard Chartered tells how Bitcoin can become the next big thing in the asset domain when it comes to reaping fresh profits.
“According to Standard Chartered’s analysis, a seven-year analysis of adjusted returns shows that the hypothetical Mag 7B outperforms the Mag 7 by 1% on average and even has close to 2% lower annual volatility. He added that Mag 7B has surpassed the Mag 7 stocks by about 5% since December 2017, a time when BTC’s all-time high was even below $20,000.”
With financial giants like BlackRock and Tesla opening up to crypto, MAG7 explorations of Bitcoin could help its price surge beyond predicted thresholds if they all embrace Bitcoin in one way or the other.
Also Read: Charles Hoskinson Unveils Cardano’s Game-Changing Plans Through 2025