Cardano founder Charles Hoskinson has given a candid take on the recent crypto market crash and the wide-ranging ramifications of the current decline of the digital asset economy. Hoskinson stated that he has lost over $3 billion in value due to the ongoing price dump, but he still believes in the sector’s long-term outlook.
Hoskinson gave these comments during a recent web interview in which he stated:
“I’ve lost more money than anyone listening to this…., over $3 billion now, and it would have been real easy to cash out and walk away. Do you honestly think I care if I lose it all? Do you think I am doing this for money? You’re pretty mistaken if you do. There is a reason why I am not in the Epstein Files…”
Hoskinson maintained his eccentric take and tried to relate his omission from the Epstein Files to his integrity. He continued, stating that the crypto community should persevere in the face of such major hardship. He predicted that the alternative would be detrimental to everyone, as the legacy system that overcharges and censors them would not hesitate to fire them once AI takes over.
While this is quite a zero-sum prediction from the ADA proponent, Hoskinson’s experience is extensive because he is also one of the eight co-founders of Ethereum, along with Vitalik Buterin. He has been involved in the crypto scene since 2013-14 and understands what the latest losses mean for the larger digital asset market.
Cardano Extends Losses
His flagship ADA cryptocurrency is trading around $0.26 at press time, down from its All-Time High (ATH) of $3.1 set back in November 2021. Cardano, like the rest of the digital asset market, had a 2025 to forget, failing to become the catalyst for a new altcoin boom. The last 3 months were particularly brutal as it lost roughly 55% of its value.
Here is the ADA/USD graph during this time:
Image Source: TradingViewADA, along with the rest of the layer-1 blockchains, is in a complete free fall right now, but it did find some strong support below the $0.25 level earlier today. All in all, the cryptocurrency is roughly 91.6% down from its ATH.
Source: https://zycrypto.com/ive-lost-3-billion-cardano-founder-hoskinson-defends-crypto-vision-as-ada-crashes-92/
