Cardano founder: "The crypto industry isn’t healthy… it needs a new narrative"

JOON HYOUNG LEE

Summary

Charles Hoskinson said crypto needs a new narrative.
He said the crypto industry is not healthy right now and that market sentiment is at an all-time low.
He also said that while the near-term micro environment is negative, the macro backdrop is forcing a shift in the industry’s direction.

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*Charles Hoskinson, founder of Cardano (ADA). Photo=Capture from Charles Hoskinson’s YouTube channel*

Charles Hoskinson, founder of Cardano (ADA), said a “new narrative is needed for crypto.”

According to crypto-focused media outlet Coin Bureau on the 12th (local time), Hoskinson made the remarks while attending “Consensus Hong Kong 2026,” held in Hong Kong that day, saying, “The crypto industry is not healthy right now.”

Hoskinson stressed that “(crypto) market sentiment is at an all-time low.” He added that “the near-term micro environment looks negative (for the crypto industry),” but said “the macro backdrop is forcing a pivot in the industry’s direction.”

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