Why Cardano Founder Charles Hoskinson Lost $2.5 Billion In 4 Years
Posted On January 12, 2026
Cardano (CRYPTO: ADA) founder Charles Hoskinson said he lost over $2.5 billion in the past four years, explaining that crypto’s failure wasn’t about technology—it was about government involvement that destroyed the bull market everyone expected.
Industry Expected Bull Market, Got Chaos Instead
Hoskinson told The Wolf Of All Streets Podcast that the industry expected Trump’s election to pump crypto bags, but instead got chaos.
Most cryptocurrencies have fallen 40-50% since Trump took office, showing the industry is unhealthy under current leadership.
He jokingly compared crypto’s current state to Japan in 1946.
The industry survived the FTX collapse, Luna implosion, and former SEC Chair Gary Gensler’s enforcement campaign, only to face new problems when the government got involved.
Trump Memecoin ‘Catastrophic’ For Bipartisan Support
About The Author
