Cardano founder Charles Hoskinson evaluated the recent market drop on You Can Ask Me Anything (AMA) broadcast on YouTube.
The founder of Cardano spoke the bitter truth!
Cardano founder Charles Hoskinson, who attended the AMA session recently, made statements on different topics from his own financial situation to the developments in the crypto space.
As it is known, Hoskinson is one of the members of the first founding team that founded Ethereum.. Hoskinson, who left Ethereum at the beginning, later founded the company IOHK and developed Cardano.
During the session, Hoskinson was asked what it’s like to be a billionaire. Hoskinson stated that he first experienced this during the 2017 bull run and three years after he founded his first cryptocurrency company, he became both the first millionaire and the first giant billionaire in the same year. He announced that he received his salary in ADA coin due to his duty and has not held ETH for a while.. Regarding his personal cryptocurrency investment, Hoskinson stated that he suffered especially in the post-2017 crash, but is now “in good shape”..
Welcome to crypto!
Charles Hoskinson emphasized that innovation in the crypto space causes development explosions, and it is perfectly normal for this to cause volatility cycles and explosions.. Hoskinson believes that the current situation reflects the nature of the crypto space and that new entrants will learn by experience.
Nice to crypto welcome. This is how crypto works. Goes up, goes down. You can’t expect 900% gains without pullbacks.
Charles Hoskinson added that the market is not performing very well in setting prices and picking winners and losers. .
Cardano founder’s AMA session, “nothing should be over-enthusiastic and over-excused.. …extreme enthusiasm is again causing pullbacks that push people into extreme pessimism.”
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