Cardano (ADA) creator, Charles Hoskinson, who is the CEO of the software firm, Input Output Global (IOG), has totally condemned the act of pumping the price of digital currencies, assuring that he will never attempt to boost the price of Cardano (ADA) while he’s in his right senses.
Recall that about two days ago, Hoskinson warned people from investing in the popular and trending meme token, Dogecoin (DOGE), believing that its price will still nosedive significantly, which will leave retail investors at a major loss.
“Let’s be very clear this is a bubble! The price of DOGE is not sustainable, it’s going to collapse and a massive amount of retail money is going to be lost very quickly. My belief is that after that bubble bursts, it will be a catalyst for regulators and lawmakers to get involved in our industry and hurt the entire industry…
“So, my warning to anybody who will listen is don’t buy DOGE! Get out of DOGE! If you’ve made money, great, get the hell out of it! It’s a bubble, it’s not real, there’s nothing sustainable there and to the industry as a whole stand up to this behavior, this manipulation, we have grown beyond this. If we continue doing these things we will be regulated to a point where we no longer have freedom in autonomy and we’re no better than the banks!”
Charles Hoskinson: I’ve Compromised If You See Me Boosting Cardano (ADA) Price
In a trending post on the Cardano subreddit, a user shared the statement made by Charles Hoskinson in one of his recent videos, where he urged Cardano holders to sell all their ADA whenever they see him boosting the price of the digital token.
According to the statement, Hoskinson said his focus is on building the technology to change the world, adding that ADA will be valued based on hard work, real-world use, and the utility of the platform.
Charles Hoskinson was quoted as follows:
“If you see me boosting Ada price, then I’ve been compromised, sell all your Ada. Cardano will be valued based on hard work, real-world use, and the utility of the platform. I’m not here to make day traders rich. I’m here to change the world”