CEO of the Hong Kong blockchain company IOHK Charles Hoskinson, who is co-founder of Ethereum and the creator of Cardano, said that over the past two months he lost $ 2 billion due to the collapse of the crypto-currency market.
Charles Hoskinson Twitter
Hoskinson also commented on the general situation on the market, which, in his own words, he does extremely rarely.
He is convinced that inexperienced retail investors panic sell their assets due to the fear of tight state regulation, and big players in the meantime earn huge fortunes.
I rarely comment on price, but I will say this about the market. The price collapse you are seeing across all crypto is coming from fear over a regulatory crackdown, whales taking massive profits, thin markets, and inexperienced retail investors. No one can change or stop this.
Earlier the price of bitcoin updated the monthly minimum and today, on March 18, continued the rapid decline.