Monday, May 16, 2022
Home Crypto News Market Cardano’s Charles Hoskinson Teases a Net Worth Goal of $1 Trillion

Cardano’s Charles Hoskinson Teases a Net Worth Goal of $1 Trillion

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Hoskinson dreams big of hitting a trillion-dollar net worth.



Charles Hoskinson, the CEO, and co-founder of Input-Output Global (IOG), the firm responsible for Cardano-related research and development, has disclosed his dream net worth. 

Responding to a question about people’s “net worth goal” asked by a random Twitter user, who goes by the username @CryptoFinally, Hoskinson noted that he plans to hit “$1 trillion” someday.  

 

The Cardano boss did not add any further comment in that regard. 

Hoskinson Still a Millionaire

It is worth noting that at the moment, Hoskinson is not even featured in the list of cryptocurrency billionaires published by Forbes earlier this year. 

While the likes of Binance Changpeng Zhao (CZ), Coinbase CEO Brian Armstrong, and FTX’s Sam Bankman-Fried (SBF) were featured in the list of cryptocurrency billionaires, Hoskinson was not included. 

The last time Forbes published the Cardano boss’ valuation, his net worth was estimated to be around $500 to $600 million. 

There is a possibility that Hoskinson must have crossed the $600 million valuations, given that it has been long since the media outlet released details of the Cardano CEO’s net worth. 

Furthermore, it is difficult to track the valuation of crypto-related players because of the pseudonymous nature of the asset class. 

Cardano’s Growth May Help Hoskinson Achieve His Dream

Hoskinson could one day be added to the list of cryptocurrency billionaires and possibly trillions since the Cardano blockchain is experiencing tremendous growth

Since its inception in 2017, Cardano has become a major force to reckon with among developers, who have adopted the network to build decentralized applications (dApps). 

Unlike its rival Ethereum, Cardano has not been widely adopted by institutional investors; however, Hoskinson is certain that with the right upgrades and developments, high net worth investors will flock to the network. 

At the moment, Cardano developers are taking their time to position the blockchain in its rightful place by adding significant upgrades that will optimize the overall performance of the network

The team has tipped that the Vasil hard fork will occur on June 29, 2022, and the event will enhance Cardano’s smart contract functionality and lure more developers to build on the blockchain. 

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Disclaimer

The content is for informational purposes only and may include the author’s personal opinion, and does not necessarily reflect the opinion of TheCryptoBasic. All Financial investments, including crypto, carry significant risk, so always do your complete research before investing. Never invest money you cannot afford to lose; the author or the publication does not hold any responsibility for your financial loss or gains.

Lele Jima
Lele Jima is a cryptocurrency enthusiast and journalist who is focused on educating people about how the nascent asset class is transforming the world. Aside from cryptocurrency-related activities, Jima is a lover of sports and music.

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