Cardano’s Charles Hoskinson Invites Ripple CEO to “Secret Cult Meetings”, Here’s What’s Happening

by

As a seasoned crypto investor with over a decade of experience in this wild and unpredictable market, I have learned to take opinions like Raoul Pal’s with a grain of salt. While his words may carry weight in traditional finance circles, the crypto world is often far removed from mainstream wisdom.

Charles Hoskinson, founder of Input Output Global (IOG), the organization behind Cardano, has posted a tweet addressing Raoul Pal’s critique of ADA and XRP.

A well-known investor and founder of Real Vision expressed his belief that the moment for XRP and Cardano (ADA) may have already come and gone, implying that Charles Hoskinson and Brad Garlinghouse are benefiting from leading communities built around these cryptocurrencies, which some might compare to cults.

XRP and ADA are nothing but old cult, Pal claims

Charles Hoskinson posted a tweet containing a video snippet of Raoul Pal’s remarks about XRP. In the clip, Pal expresses that this leading cryptocurrency appears to be outdated as it originates “from two previous market bull runs.” He further suggests, “Even if you remain fond of it, I kindly urge you to seek out places where there is significant and robust momentum instead.”

So @bgarlinghouse, when are we going to the Secret Cult meetings? I never got the memo from Raoul

— Charles Hoskinson (@IOHK_Charles) August 21, 2024

Pal also said that investors should not miss a new bull market, betting on a coin of the past, thinking that it will shoot high this time. He believes that fans of XRP are “in a cult” and “cults don’t make money, except for the leaders.” Average investors cannot make money here, he pointed out.

Later on, he determined that aside from XRP, there exists ADA and numerous other digital currencies that can also be considered as having “cult-like” followings. He acknowledged that his remarks might upset investors in these coins, but felt compelled to share this perspective within the crypto community, despite potential online backlash.

In a playful manner, Charles Hoskinson addressed Brad Garlinghouse, the CEO of Ripple, by saying: “Hey @bgarlinghouse, when can we meet up and discuss things off the record?” He also mentioned his confusion regarding the criticisms originating from Raoul Pal.

Hoskinson: Elon Musk may hold 20% of DOGE supply

Previously this summer, Hoskinson participated in a podcast discussion. During this conversation, he expressed his perplexity regarding Elon Musk, CEO of Tesla, and his unusual affection for Dogecoin specifically. Regarding the prolific tech innovator, the founder of Cardano acknowledged that it’s challenging to speculate why Musk seems so captivated by Dogecoin.

Cardano’s founder, Hoskinson, posited a possibility: Musk might hold around 20% (or more) of Dogecoin’s existing circulating currency. However, he also noted another possibility – Musk could just be fond of the Dogecoin mascot.

Read More

2024-08-21 11:16