- Charles Hoskinson responded sarcastically to BitBoy’s claim of saving Cardano, thanking him for his “efforts” and positive remarks about the project.
- Institutional interest in Cardano is growing, with recent developments like a potential ETF and increased ADA accumulation suggesting a potential rally.
Charles Hoskinson, the founder of Cardano, has responded to claims made by crypto influencer Ben Armstrong, known as BitBoy, who declared that he single-handedly revived the ADA project. The claims made during a February 26 livestream sparked a response from Hoskinson, who took a sarcastic approach in his reaction.
Ben Armstrong has a long history of critical remarks regarding Cardano, often calling the network “dead.” However, in a recent livestream, he shifted his stance, claiming that his repeated criticisms of Cardano were part of a reverse psychology strategy.
Armstrong claimed that by referring to Cardano as “dead,” he had sparked institutional interest, which ultimately helped revitalize the project. He confidently stated that he was responsible for saving the ADA project and suggested that institutions re-entered Cardano simply to prove him wrong.
Armstrong further clarified, stating that Grayscale’s recent interest in creating a Cardano exchange-traded fund (ETF) directly resulted from his tactic. He joked about how institutions were motivated to invest in ADA to counteract his claim that the project was nearing extinction.
Hoskinson’s Sarcastic Response to BitBoy
In an unexpected twist, Charles Hoskinson responded to BitBoy’s boastful claims with a tone of faux gratitude. Instead of confronting Armstrong’s statement directly, Hoskinson chose a more humorous and sarcastic approach.
https://t.co/neAP98Rhzo pic.twitter.com/PVtFS4dRph
— Charles Hoskinson (@IOHK_Charles) February 27, 2025
On the social media platform X, Hoskinson shared a brief video expressing gratitude for Armstrong’s efforts and wished him well in his future ventures. He conveyed excitement and satisfaction that Armstrong had achieved his goals while also thanking him for the positive remarks about Cardano.
The History Between BitBoy and Cardano
The relationship between BitBoy and Cardano has been rocky for quite some time. Armstrong’s criticism of the project dates back to at least July 2022, when he claimed that Cardano had lost its appeal among institutional investors.
This led to a series of exchanges between the influencer and the Cardano community, including a hostile moment in August when Armstrong challenged Hoskinson to a fight, a challenge that Hoskinson did not entertain. BitBoy’s recent remarks appear to be part of his ongoing pattern of shifting perspectives on various crypto projects, which has earned him both supporters and detractors within the crypto space.
Despite the back-and-forth between Armstrong and Hoskinson, institutional interest in Cardano is increasing. Analysts have recently observed a steady rise in institutional involvement with ADA. However, according to our previous post, the possibility of a Cardano ETF and a series of other developments have drawn the interest of major market players, suggesting that Cardano may be on the edge of broader institutional adoption.
Meanwhile, Cardano’s market activity has increased, with ADA currently trading at approximately $0.60. On-chain analysis has indicated increased accumulation, suggesting the cryptocurrency may soon be poised for a potential rally.