Cardano founder Charles Hoskinson said fears of a crypto market crash are exaggerated, setting a recovery period.

Cardano (ADA) founder Charles Hoskinson said large-scale modifications are a routine part of the cryptocurrency industry and the hysteria surrounding the recent market crash has been inflated.

new video updateHoskinson says seasoned investors haven’t been shaken by the most recent sharp market downturn, as they’ve seen similar sized corrections in the past, but new investors have pressed the panic button.

“I’ve been in this space for almost 10 years, and I remember when Bitcoin went down by $1, then $30, $4, $250, $80, $1,200 and then bitcoin. Again $250, up to $20,000, $4,000, $64,000…

And no matter where I go or what I do, it always surprises me that there is a constant rhyme of this attitude. So old guards, there’s nothing more phasing us in. We looked at everything twice to make sure we didn’t miss anything.

New people say, ‘Oh my God, this is the end of cryptocurrencies’ the moment something like the collapse of a stablecoin or the collapse of Bitconnect, for example, occurs. It’s all over, we’re all going to die, the market is over, the dream is gone.’”

Hoskinson “welcomes” newcomers to the latest crypto winter, Proverb It may take weeks or months for the industry to find a bottom before a steady rise.

“Welcome if this is your first crypto winter. It’s been a lot since 2011 and they’ve always been hitting like cold ice baths. We’re in a panic and the street blood flows. If the floor is found, it’ll be clear in weeks or months. Then go up the long ladder.”

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