Charles Hoskinson, the Cardano founder, has once again donned the mantle of the crypto oracle, delivering a prophecy that would make even the most hardened skeptic raise an eyebrow. In a missive to his legion of over one million followers on X, Hoskinson painted a picture of the crypto market that was less doom and gloom and more “to the moon.” 🚀
The Phoenix Rises: Crypto’s Unyielding Spirit
Hoskinson’s proclamation hinges on the market’s resilience, a trait that has been tested more times than a Russian winter. He posits that despite the recent carnage—$710 billion evaporated and 740,000 traders liquidated in a mere 24 hours—the crypto market has not only survived but is already on the mend. 🧊🔥
“To give you a sense of how big the upcoming bull market is for crypto,” Hoskinson quipped, “we just absorbed a downturn that was larger than the collapse of Luna or FTX and have already nearly recovered. 2025 is Crypto’s year.”
To give you a sense of how big the upcoming bull market is for crypto, we just absorbed a downturn that was larger than the collapse of Luna or FTX and have already nearly recovered: 710 billion in losses and 740,000 traders liquidated in 24 hours.
2025 is Crypto’s year
— Charles Hoskinson (@IOHK_Charles) February 5, 2025
He drew a stark contrast with the past, where the market would have been left gasping for air after such a blow. The LUNA and FTX debacles, for instance, sent the market into a prolonged hibernation. But now, the market has shrugged off a $710 billion loss like it was a bad hangover. 🍻
The Chorus of Optimism: Industry Titans Chime In
Hoskinson is not alone in his bullish fervor. Brad Garlinghouse, the Ripple CEO, sees the U.S. Congress as a potential ally, a notion that is as surprising as finding a sober man at a Russian wedding. 🍾
Changpeng Zhao, the former Binance CEO, added to the chorus with his cryptic yet optimistic declaration: 2025 is a “send it” year. Whether this means sending rockets to the moon or sending your savings into the void remains to be seen. 🚀💸
As the market watchers keep their eyes peeled, one thing is clear: the crypto world is bracing for a wild ride, and 2025 might just be the year it all comes together—or falls apart spectacularly. 🎢
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2025-02-05 21:45