Cardano’s Charles Hoskinson revealed over $3 billion in unrealized losses during the crypto downturn, emphasizing that founders are not immune to market effects. He stressed long-term commitment prioritizing building decentralized systems over short-term price changes. Hoskinson intends to maintain his positions and views the selloff as a transition for financial systems, citing Cardano projects like Starstream and Midnight focused on data integrity and privacy.
Hoskinson said he shared the figure to counter claims that crypto founders are insulated from losses that affect retail investors. He told viewers that his financial position has taken a larger hit than most people following the market. “I’ve lost more money than anyone listening to this. Over $3 billion now. It would’ve been real easy to cash out, just walk away,” Hoskinson said. “It’s not because no one likes me, it’s because my default answer is no. I don’t care if I lose money, I don’t care if it means I get put in the little kids’ table and I don’t get to go to the White House and all of these other things.”
In his remarks, Hoskinson emphasized building for the long-term growth of the ecosystem rather than focusing on short-term price movements. The downturn was framed as part of a longer cycle rather than a breaking point, and he said every foot forward on that difficult road is progress. He also said he has no plans to exit his positions and described the selloff as a transition period as financial systems adjust to new technology. He cited Cardano-based projects such as Starstream and Midnight, which he said are designed for data integrity and privacy-focused applications.
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