Cardano Isn’t ‘Fading,’ Hoskinson Says: ‘I’ve Lost Over $3B’ And Still Building
Charles Hoskinson, during a livestream from Tokyo, refuted claims that Cardano is "fading" or "dead," emphasizing that the project is transitioning into a phase of commercialization after years of infrastructure development. Despite the bear market, he highlighted that key building blocks like decentralization and governance are complete, and efforts are now focused on developing real-world use cases such as Hydra for scaling and the privacy-focused sidechain Midnight. Hoskinson argued that global economic shifts and institutional mistrust make blockchain-based systems essential for a neutral global settlement layer. Addressing critics who attribute his optimism to wealth, he revealed he has lost over $3 billion but remains committed to Cardano, stating he is "here for life" regardless of financial outcomes. At the time of reporting, ADA was trading at $0.2521.
bitcoinist02/06 19:01
