Overview
- Speaking in a Thursday livestream from Tokyo, Charles Hoskinson said he has lost more than $3 billion on paper and told viewers, “It’ll get worse. It’ll get redder.”
- He emphasized that he has not cashed out and has no plans to exit the industry, framing his stance as conviction-driven rather than profit-seeking.
- Hoskinson said Cardano is ready for commercialization following decentralization and governance work, highlighting Hydra, Leios, and the privacy-focused Midnight project.
- ADA recently fell over 11% to about $0.25, roughly 92% below its September 2021 all-time high, according to market reporting.
- He stressed reputation and integrity, noting he steered clear of high-profile industry scandals, and he praised Vitalik Buterin and Anatoly Yakovenko as partners in advancing adoption.