Cardano founder Charles Hoskinson stated that he has lost over $2.5 billion in the past four years and attributes the crypto industry's difficulties to government intervention rather than the technology itself. He criticized the official Trump (TRUMP) meme coin launch as a "catastrophic" strategic mistake, turning cryptocurrency into a partisan issue and hindering legislative progress. Hoskinson pointed out that while institutional investment through Bitcoin ETFs has driven up Bitcoin's price, the altcoin market has stagnated, causing many retail investors to suffer significant losses. He believes 2026 will be a pivotal year in determining whether Wall Street will dominate the cryptocurrency market or if a decentralized wave led by retail investors will emerge.
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Cardano founder Charles Hoskinson stated that he has lost over $2.5 billion in the past four years and attributes the crypto industry's difficulties to government intervention rather than the technology itself. He criticized the official Trump (TRUMP) meme coin launch as a "catastrophic" strategic mistake, turning cryptocurrency into a partisan issue and hindering legislative progress. Hoskinson pointed out that while institutional investment through Bitcoin ETFs has driven up Bitcoin's price, the altcoin market has stagnated, causing many retail investors to suffer significant losses. He believes 2026 will be a pivotal year in determining whether Wall Street will dominate the cryptocurrency market or if a decentralized wave led by retail investors will emerge.