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Galaxy Digital CEO Said Cardano Being 3rd Largest Crypto Is A Mystery To Him, Cardano Founder Responded Sharply

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Galaxy Digital CEO, Mike Novogratz spoke badly about Cardano and Charles Hoskinson, Cardano founder responded sharply.

On August 15, Novogratz tweeted that ADA being at third place on Coimarketcap is the mystery to him.

Read: Cardano (ADA) Became The 3rd Most Valuable Crypto As Cardano Market Cap Surpassed Tether (USDT) And Binance Coin (BNB)

Novogratz follower asked a question:

“Why is Cardano the 3rd largest cryptocurrency?? Is there stuff built on Cardano that people are using?”

Novogratz responded:

“A mystery to me”


He later added that not any smartest people in the crypto space has any desire to develop for Cardano.

He said:

“Not true. I spoke to twenty of the smartest people I know in the space, and zero of them saw cardano having traction with devs.”

Hoskinson, responded to Novogratz and accused him of being in cahoots with bankers. He also said that his statement will not age well.

Hoskinson Said:

“Here I can fix this statement for you Mike: “I’ve spoken to twenty of the smartest bankers I know in the space, and zero of them saw cryptocurrencies having any traction” 🙂 we all heard that one. Let’s come back to his tweet every year. We’ll call August 15th, Mike check-in day.”

In June, Novogratz described Cardano as a “weird cult,” and received strong criticism from Cardano community.

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Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


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