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Charles Hoskinson disclosed the amount of his personal losses in cryptocurrency., 2026/02/07 12:10:06
The founder of Cardano, Charles Hoskinson, stated that despite his personal crypto assets depreciating by over $3 billion amid the market crash, he does not intend to exit the industry.
Hoskinson emphasized that his financial losses are purely “paper” losses, reflecting only the decline in the market value of his portfolio. The extent of the downturn does not affect his long-term vision for the crypto industry and does not alter his plans for the development of the Cardano ecosystem.
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He urged digital asset holders to remain engaged, despite the increasing pressure from the market. He cautioned that the negative trend may persist, describing the current phase as one of the most challenging for the sector in recent years.
According to the Cardano founder, high volatility and prolonged downturns are inherent aspects of the cyclical nature of the crypto market. He characterized 2026 as a “reset” phase, during which the focus will shift from speculative demand to the creation of real products and infrastructure development.
At the same time, Hoskinson expressed cautious optimism regarding Cardano’s prospects. He highlighted key areas such as the scaling solutions of the second layer, Hydra, and the development of the privacy-focused sidechain, Midnight.
Previously, investor, entrepreneur, and author of the personal finance book “Rich Dad Poor Dad,” Robert Kiyosaki, urged his followers not to panic due to the market decline and indicated that he is awaiting new lows for gold, silver, and bitcoin—while he is not currently purchasing these assets.
