BEARISH 📉 : Cardano Founder Hoskinson Warns of Crypto Market Morale Problem

Cardano founder Charles Hoskinson predicts a challenging period for the crypto market over the next 90-180 days. He attributes this not to a lack of catalysts but to retail exhaustion and diminished engagement.

Key Points

The crypto market has faced multiple cycles, including NFT mania, Luna and FTX collapses, and regulatory challenges, leading to retail fatigue.
Despite positive developments like BlackRock's involvement and better regulation, expected market impacts have not materialized.
Hoskinson warns of increasing traditional finance influence, potentially leading to a "federated" system dominated by large corporate networks.
He advocates for making crypto more user-friendly, suggesting simplified wallet access and reducing focus on financialization.
Hoskinson sees future demand driven by agentic AI, predicting bots will dominate internet commerce by 2030.
Quantum computing is not seen as an immediate threat, with post-quantum cryptography posing efficiency challenges.
Cardano's governance model may enable smoother transitions for technological upgrades.

At press time, Cardano trades at $0.2638.

Cardano price chart