Cardano Founder: Crypto is Ready for a “Gigabullrun”

Charles Hoskinson expresses surprise at the ongoing crypto downturn. The quick-witted Cardano founder sees a clear contradiction between the price losses and the actual situation in the industry.

In a post on X, Hoskinson writes: “For me, it is remarkable that we have all the prerequisites for a Gigabullrun in the markets, yet the industry is setting a new record for paper hands.”

The term “paper hands” refers primarily to crypto newcomers who sell off their positions during price declines and realize losses.

Hoskinson compares the situation to a five-year-old child throwing a tantrum in a supermarket and throwing themselves on the floor. The conclusion of the Cardano founder: “Crypto continues to astonish time and again.”