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ZyCrypto 2025-02-28 20:46:22

Cardano Creator Hoskinson Responds After BitBoy Claims He “Single-Handedly Saved ADA”

Cardano Creator Hoskinson Responds After BitBoy Claims He “Single-Handedly Saved ADA”

Infamous crypto influencer Ben “BitBoy” Armstrong has made interesting remarks regarding third-generation blockchain Cardano (ADA). The comments have even drawn the attention of Cardano founder, Charles Hoskinson. Is BitBoy ADA’s Savior? In a livestream on Wednesday, Ben Armstrong declared that he had “single-handedly saved the ADA project,” marking a change of tune as the YouTube influencer has frequently slammed the crypto as “dead”. Armstrong explained that his critique of Cardano was not because he actually hated the project. Instead, it was an intricate reverse psychology gimmick to draw institutions to ADA. He mentioned crypto asset manager Grayscale’s recent application to introduce a U.S.-listed Cardano exchange-traded fund (ETF). If approved, institutional investors in the ETF would gain investment exposure to Cardano without having to directly hold the asset. As you may recall, BitBoy ruffled a few feathers last July after stating that ADA was no longer appealing to institutions, which he predicted would undermine its legitimacy as a viable investment. However, he has seemingly made an about-face on ADA. “All it took was the BitBoy telling everybody that Cardano is dead, and the institutions said we can’t let BitBoy win, we got to go back in on Cardano,” BitBoy said. “So, guys, I have single-handedly saved the ADA project fresh off of my Adderall binge and I am so excited that together, me and the Cardano community can move forward.” As expected, Armstrong’s remarks elicited strong reactions from the cryptosphere, including from IOG CEO Charles Hoskinson. The Cardano founder had nothing but positive words for BitBoy. “We’re very excited and glad that you’ve gotten what you needed to get, BitBoy, and we wish you well, and we hope that you’re doing well, and thank you for the kind words about Cardano,” Hoskinson opined with a sheepish grin on his face in a short video response on X. The price of ADA has plunged 9% on the day as Bitcoin and the broader crypto market struggles amid renewed concerns over potential President Trump’s trade tariffs . The token was trading for $0.6143 as of press time.

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