An interesting confession from the founder of Cardano. Charles Hoskinson recently shared quite personal information about his losses in the crypto market live from Tokyo. He talked about over 3 billion dollars in unrealized losses during the recent downturn. This was done intentionally to dispel the myth that crypto project creators are somehow protected from the market shocks experienced by ordinary investors.

The context is clear: a week ago, the market experienced a significant drop. Bitcoin fell about 16% and touched around $60,000, the CoinDesk 20 index declined by 17%. Cardano also lost about 15.6% of its value. Now, the situation has recovered — BTC is trading at around $73,000 with a weekly gain of about 8%, ADA shows a slight increase of 0.6%.

But the main point in Hoskinson’s words is not the loss figures, but his stance. He emphasized that he does not plan to reduce his positions and views such periods as transitional phases for adapting financial systems to new technologies. The focus remains on the long-term development of the ecosystem, not on short-term fluctuations. He mentioned projects like Starstream and Midnight, which focus on privacy and data integrity — a direction that is becoming increasingly relevant.

Interestingly, amid such volatility, major players like SpaceX continue to accumulate Bitcoin. According to reports, the company holds over 8,000 BTC in its Coinbase Prime account, valued at approximately $603 million. This shows that serious investors see downturns as an opportunity rather than a reason to panic. Hoskinson’s message in this context sounds especially convincing — it’s not just words about faith in the project, but a demonstration of personal commitment regardless of financial losses.