Cardano Founder Charles Hoskinson revealed that he has unrealized losses of more than $3 billion during the current cryptocurrency market downturn, making a rare disclosure of his personal exposure to the sharp decline.
Speaking live from Tokyo broadcastHoskinson delivered an encouraging message about a market turbulent with forced liquidations and falling prices. BitcoinIt fell to around $60,000 during the week, losing about 16% of its value, while the broader CoinDesk 20 (CD20) index fell 17%. Cardanofell 15.6% on a weekly basis.
Hoskinson said he shared the figures to counter claims that cryptocurrency founders are protected from losses affecting retail investors. He told viewers his financial situation has been hit harder than most people who follow the markets.
“I’ve lost more money than anyone listening to this. It’s over $3 billion now. It would have been really easy to cash it out and just walk away,” Hoskinson said.
“Do you really think I care if I lose everything? There’s a reason I’m not in the Epstein archives, there’s a reason I’m not involved in the FTX case,” he added. “It’s not that I’m popular, it’s that my default answer is ‘no.’ “I don’t care if I lose money, I don’t care if I end up at the children’s table, I don’t care if I don’t get to the White House, etc.”
In his remarks, Hoskinson emphasized that he focused on building the ecosystem for long-term growth rather than focusing on short-term price fluctuations.
This comparison framed the decline as part of a longer cycle rather than a temporary turning point. “Taking one step at a time is progress on that difficult path,” Hoskinson said, adding, “I will continue on this path for the rest of my life, this is who I am and I will always be myself.”
He also stated that he has no plans to liquidate his positions. Instead, the sell-off was described as a transitional phenomenon as the financial system adapts to new technologies.
As examples, he mentioned Starstream and Midnight, Cardano-based projects designed for data integrity and privacy-focused applications.
date: 2026-02-07 16:57:00
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