Why Cardano Founder Charles Hoskinson Lost $2.5 Billion In 4 Years

Core Insights - The founder of Cardano, Charles Hoskinson, reported a loss of over $2.5 billion in the past four years, attributing the failure of the crypto market not to technology but to government involvement that disrupted the anticipated bull market [1][2]. Group 1: Market Performance - The cryptocurrency market was expected to thrive following Trump's election, but instead, it has experienced chaos, with most cryptocurrencies declining by 40-50% since he took office, indicating an unhealthy industry under current leadership [2]. - Retail investors are facing significant losses, with many down 70-80% from their entry points, leading to a reluctance to reinvest in the market [7]. Group 2: Political Impact - The launch of the Official Trump meme coin has been described as catastrophic, transforming crypto from a bipartisan issue into a partisan weapon, which could hinder meaningful legislation even if Republicans regain control of Congress [4][5]. - The strategic error in launching the meme coin under uncertain regulatory conditions is highlighted, as it could have generated more revenue if done within a proper framework, potentially attracting institutional capital [6]. Group 3: Industry Resilience - Despite facing challenges such as the FTX collapse and regulatory enforcement, the industry has shown resilience, although new problems have emerged with increased government involvement [3]. - Institutional investment in Bitcoin through ETFs and structured products has driven its price higher, but this capital has not benefited the altcoin market, which has remained stagnant [7][8].