Cardano’s Charles Hoskinson just said that he became a crypto billionaire.
In a new AMA session, Hoskinson discussed a variety of topics ranging from the crypto “bloodbath” this week to new Chinese regulations.
When he was asked what it’s like to be a billionaire, Hoskinson said that he first scratched the surface of that status in the 2017 crypto bull market.
“It took me three years from when I started my first cryptocurrency company to become a millionaire, and I was first a billionaire in 2017. Very, very briefly. Markets collapsed and everything went to hell, but I was doing okay. And then [I] became a billionaire again in 2021.”
He also addressed the instability of the crypto market.
“Welcome to crypto. That’s how crypto works. It goes way up, it goes way down. You guys can’t get 900% gains without expecting some pullbacks. That’s how the world works. Crypto’s very volatile,” he said.
He continued and pointed out that “It’s very unstable, and as a consequence understand that it’s a frontier market, and the point here is we’re reconstructing society, and we all know that by doing that, there are trillions if not tens of trillions of dollars of collective value in the activity. But where does that value go?…”
Addressing crypto’s mainstream adoption
The Cardano Foundation dropped an important message on their social media account. Interested people can join Cardano CEO as he discusses important issues.
⏰ Only a few days to go! Join our CEO @F_Gregaard as he discusses the crypto’s mainstream adoption through NFTs, ETFs, central bank digital currencies and more.
Don’t forget to register! https://t.co/JJeQAqaM8r#Consensus2021 @CoinDesk pic.twitter.com/8elxcCAk77
— Cardano Foundation (@CardanoStiftung) May 21, 2021
Cardano has been making a lot of headlines lately due to various achievements and bold plans that the team behind the project has for the future.