Cardano founder Charles Hoskinson posted a video on Wednesday sharing his views on the crypto market downturn.
He said, being in crypto for over ten years, he’s seen it all twice. Nothing fazes him or any of the ‘old guard’ anymore. Adding that, adverse events, be they the collapse of a stablecoin or a project exit scam, do not mean it’s the end of crypto.
“The new people, the minute that something occurs, like for example, the collapse of a stablecoin or the collapse of Bitconnect or these types of things, then they say, this is the end of crypto…”
Total crypto market cap sinks
Although institutional money in crypto is often celebrated, Hoskinson clarified that having the ‘Wall Street types’ in digital assets comes at a price. Namely, it’s just another asset to dump when times get bad for them.
“Most [institutions] are looking at it [crypto] as a high risk, high return asset, and in times of recession, reallocate your portfolio. This was always the danger of inv
We współpracy z: https://cryptoslate.com/hoskinson-blasts-vcs-wall-street-types-for-downturn-in-crypto-markets/
