Charles Hoskinson Reveals Crypto Market Will Remain Stagnant If This Continues
Cardano founder Charles Hoskinson says the crypto market will struggle to grow if the industry continues feeding a culture of hostility and knee-jerk criticism. Hoskinson argued that years of sluggish price...
Cardano founder Charles Hoskinson says the crypto market will struggle to grow if the industry continues feeding a culture of hostility and knee-jerk criticism.
Hoskinson argued that years of sluggish price performance have turned large sections of the community into what he called “bitter keyboard warriors,” whose default reaction to new ideas is “toxicity, negativity, cynicism, and criticism.” According to him, that environment is choking innovation more effectively than any bear market.
His comments arrived as he spotlighted Midnight, Input Output’s newly unveiled fourth-generation blockchain designed to address the final bottlenecks preventing global on-chain adoption.
In his Midnight Whiteboard on YouTube, Hoskinson described Midnight as a bridge between today’s digital systems and a decentralized future, one built around rational privacy, digital identity, and compliant cooperation. The network aims to give users control over sensitive data without compromising regulatory visibility, a balance he believes is essential for large-scale enterprise adoption.
Hoskinson said Midnight’s architecture is designed to overcome the real-world barriers that prevent businesses from moving critical operations onto the blockchain. Its privacy framework is designed to support identity, protect transaction details, and facilitate cross-sector collaboration, all while remaining consistent with Cardano’s research-driven engineering principles.
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He positioned Midnight as an on-ramp for Web3 enthusiasts, capable of unlocking new digital trade models and setting a new standard for privacy-aware blockchain infrastructure.
The push for a cultural reset within crypto echoes remarks Hoskinson has made in recent weeks as markets endure another downturn. Speaking in a recent video, he criticized panic selling and claimed that emotional trading, rather than fundamentals, is driving volatility. Hoskinson argued that rising global debt, weakening trust in fiat currency, and deteriorating geopolitical conditions make crypto more relevant, not less.
“Crypto is the opt-out. Crypto is the exit,” he said, predicting the ecosystem will surpass one billion users and absorb the majority of global assets by 2030.
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