Cardano’s Hoskinson Faces $3B Loss, Stays Confident

Charles Hoskinson, the founder of Cardano, has revealed a paper loss of approximately $3 billion on his cryptocurrency holdings. Despite the significant unrealized losses, Hoskinson has no intention of selling his assets to “cut losses.” He remains confident in the long-term potential of decentralized platforms, smart contract technology, and blockchain protocols, asserting that short-term price fluctuations do not alter his belief in the transformative power of blockchain technology.