- Cardano Founder Charles Hoskinson discusses the death of the 4-year crypto bull cycle.
- The segment on CNBC featured an interview with Hoskinson.
- Hoskinson calls for the end of the crypto wild west and the start of altseason soon.
Current times in the US have some members of the crypto community fretting over what can play out in terms of price action for promising crypto assets. Amidst the growing concerns, Cardano Founder Charles Hoskinson discusses the death of the 4-year crypto bull cycle on CNBC during a key themes and agenda segment at TOKEN2049, a popular crypto and blockchain event.
Cardano Founder Charles Hoskinson Discusses the Death of the 4-Year Bull Cycle
This year has been an interesting one for the crypto and blockchain sector, mostly due to the many pro-crypto changes made by President Donald J. Trump in the USA. Following his lead, several crypto leaders have come together to ensure that America meets its goal of becoming the global crypto hub. Despite the many milestones the crypto industry has seen this year, new challengers continue to rise.
As we can see from the video in the post above, the reporter draws attention to the current challenge the US is facing with the government shutdown. The reporter also highlights the many applications and approvals that the government was working on, like the Clarity and Genius Act, and many other moves that have now come to a pause with the government shutdown. She asks Hoskinson his thoughts on what impact the crypto industry will see.
Hoskinson looks back to previous shutdowns by the US government. He then states that this is nothing new and that markets won’t be affected by something they’ve dealt with before. He also talks about how the progress the crypto industry has seen, thanks to cooperation and active interest from the government has improved the industry nd says that progress will be certain despite any hurdles the industry faces.
Hoskinson Provides Clarity in Trying Times on CNBC
Next, he answers the question of whether the market will see challenges if the party int he Congress changes. To this, he says bills stay and leaders don’t, so the fact that these bills will push forward will ensure the progress of the crypto industry. Next, the reporter draws light to the 4-year bull cycle and the expectation for this cycle to break this time. To this Hoskinson says that with more adoption, this expectation may come true.
Hoskinson says the wild west era of cryptos may be at a close, so there may no longer be extreme price pumps going ahead. Finally, he talks about altseason. Is a rally coming? Hoskinson believes it is yet to make its surge. Responses to the post show the reverence the crypto community holds for Hoskinson, and are pleased to see a leader who brings clarity when it matters most.
