Cardano co-founder Charles Hoskinson has announced that the value of his personal cryptocurrency portfolio has decreased by more than $3 billion due to the prolonged downturn in the digital asset market. Despite significant unrealized losses, he emphasized that he has no intention of selling his assets or leaving the market.
This is reported by Finway
Hoskinson’s Reaction to the Market Decline
During a live stream from Tokyo, the entrepreneur explained that these are so-called “paper losses,” which arise from the decline in market value of assets but are not actual until the moment of sale. Hoskinson stressed that he has the option to realize the losses, but consciously chooses not to take that step, demonstrating his confidence in the future of the crypto industry.
“I have the option to exit the market, but I consciously choose to refrain from it.”
He emphasized that even substantial losses do not affect his attitude towards the development of the Cardano ecosystem. Moreover, Hoskinson urged other market participants and digital asset holders not to lose faith and to remain engaged, despite the volatility and pressure.
Current Situation in the Cardano Market
In recent days, the cryptocurrency market has experienced a significant decline: the total market capitalization has decreased by nearly 9% in a day, and the Cardano token (ADA) has dropped by more than 10%, trading around $0.26. This is more than 90% lower than its all-time high in 2021.
Hoskinson noted that the current downturn may persist and described the present period as challenging for the entire industry. According to him, volatility and periodic declines are an inherent part of the development of the crypto market.
Previously, Hoskinson also spoke about significant paper losses, which he estimated at around $2.5 billion over several years. He attributed them to regulatory uncertainty and a decrease in retail investor activity. In his statements, the entrepreneur characterized 2026 as a “reset” period for the industry, when the primary focus will be on creating real products and developing infrastructure rather than mere speculation.
Despite the challenging situation, Hoskinson maintains a moderate optimism regarding the future of Cardano. Among his priority areas, he highlighted the scaling of the second layer Hydra, the update of the Leios consensus algorithm, and the development of the Midnight sidechain to enhance user data protection.
It is worth noting that Hoskinson previously criticized the team of former U.S. President Donald Trump for attempts to politicize the cryptocurrency industry.