I'll say what almost nobody in this space will say right now: I'm bullish. I literally don't care.
At the highest fear we've seen, with every chart looking absolutely horrendous, I'm bullish on crypto.
Oh well!
Call me the bad guy for it. I'm fine being that guy.
Almost no one is discussing these charts, and I will happily be the one to show them to you. Even if I'm wrong, I'm glad to be able to offer this data for consideration.
Start with copper/gold. Overlay it on PMI going back to 2012 and the correlation is almost uncomfortable.
Every PMI expansion, copper/gold turns up with it, and every one of those has lined up with a crypto bull market.
Right now copper/gold just reclaimed its 20-month moving average. It's turning on the macro.
Then the one that actually really matters. Take the altcoin market cap excluding the top 10. A small sliver of the entire market...
Lay it over PMI and it tracks cleanly, bear, bull, bear, bull.
PMI ticked up again two days ago, and that chart is expanding right now, in real time, in lockstep with it.
Altcoins are literally printing on the chart alongside PMI while everyone calls the space dead.
I'm not getting on the fear train while so many of these indicators are lining up the way they are.
I've built my businesses in this space. I'll ride it to zero if that's how it goes. I just don't think it goes that way.
Intro 00:00
Ethereum has been here 1:50
Cardano has been here 4:05
Copper / Gold 6:00
Watch this altcoin chart now 9:40
Liquidity rotation 12:20
Charles Hoskinson just poured his heart out on Spaces.
He has no power to unilaterally fix Cardano, gets zero love, catches every single blame for failures, and watches his funding proposals get rejected by the same people who then complain nothing improves.
This man is getting crushed under undeserved hate while carrying the weight of the entire project he built from nothing.
Cardano community it’s time to wake up.
Unify, support the founder and the team whose vision created this entire foundation, or watch it slowly die.
No more toxicity.
#Cardano $ADA @IOHK_Charles
Great work from @VIA_Labs and @USDMOfficial.
Connecting Midnight and @Cardano testnets is an important step toward interoperable infrastructure, with USDM becoming the first native asset to move between these environments.
Excited to see the groundwork being laid. Learn more 👇
https://t.co/pwhvvOescA
I think we #Cardano switched the governance button on too soon.
I feel like we as a community can’t make the right decisions and look at the big picture to go forward.
Time wil tell, but I had and have all the confidence in @IOHK_Charles, wished he was still in control.
Charles gets too much hate. Cardano isn’t perfect but it’s a hell of a lot better than most other chains.
If you think Cardano is bad, look around. Outside a few niche areas the entire industry is wrecked.
BTC only pumped thanks to a madman leveraging his entire company to buy it. ETH didn’t break its previous ATH (even with multiple DATs buying it). SOL barely did. Could ADA have done better? Yes, but it could also have done worse.
Crypto has not had a great time recently. Scams, hacks, tech failures, security vulnerabilities, AI threats, and the looming quantum problem. Even true believers are beginning to question the future of the industry.
But blockchain’s potential to transform the world’s systems hasn’t gone away. If anything, it’s more needed than ever.
“Build fast and break things”. The Silicon Valley mindset has permeated the industry’s thinking. Blockchain is just a technology, right? But the result has been hacks to the tune of billions of dollars, chains that go down for hours at a time, and the centralisation of power.
What is the point of crypto if we’re just building a faster casino, or a playground for VCs to max extract from retail? Blockchain was supposed to be about changing the economic, social, and political systems of the world. It’s no wonder crypto is down bad. People no longer believe in its potential.
Cardano is one of the few projects that has stayed true to the original mission. It has been a slow process, but the result is a chain that is battled-tested. It is hard to find examples of other chains with comparable levels of security, reliability, and decentralisation.
Most other crypto projects would kill to be in our position. Not only do we have one of the most advanced chains, we also have an extremely passionate and engaged community. People who are dedicated to seeing Cardano succeed.
Charles is one of those people. The reality is Cardano wouldn’t exist without his efforts, and his vision and passion to make something great.
"AI agents will hold more crypto than humans within a decade."
Charles Hoskinson (@IOHK_Charles) studied math, dropped out, built one of the only blockchains designed by peer-reviewed research. He co-founded Ethereum, walked away over how it was run, and built Cardano to do it differently.
The man who has argued with everyone in this industry now thinks the biggest user of crypto won't be people at all.
"Humans are a rounding error in the system we're building. AI agents don't sleep, don't panic-sell, and don't care about price. They transact in tokens because that's the only thing they can actually use."
We cover:
- Why AI agents (not humans) become the dominant on-chain actors, and what that does to every token model
- The infrastructure that has to exist before agents can transact safely at scale
- Why most current blockchains can't handle machine-speed transactions
- Where Cardano's research-first approach fits in a world of autonomous agents
- The identity problem: how do you tell a human from an agent on-chain, and why it matters
- Why he's bullish on the technology but blunt about the timeline
- What he thinks the rest of the industry is getting wrong about AI + crypto
- The one thing that has to happen for any of this to be real
Thanks to Charles for coming on @new_era_finance.
TIMESTAMPS:
00:00 - Intro
01:30 - Why AI Agents Change Everything
06:30 - Humans as a Rounding Error
12:00 - The Infrastructure Gap
18:30 - Identity: Human vs Agent On-Chain
24:30 - Where Cardano Fits
30:00 - What The Industry Gets Wrong
34:00 - The Timeline Nobody Wants To Hear
"550 million crypto users aren't going to magically migrate to your chain. That's the land of wishful thinking."
Charles Hoskinson (@IOHK_Charles), co-founder of Ethereum, founder of Cardano. Twelve years building crypto infrastructure. Has watched every "mass adoption" cycle come and go.
On the @new_era_finance podcast, he broke down why crypto's foundational thesis is broken:
"The market has proven it cannot self-govern. You see what happened with FTX and Luna. The meme coin mania. The hacks and scams."
"Crypto has always been built on scarcity. 'We can't scale, so we'll charge surge pricing.' Try to send money to a friend while someone trades memecoins — you pay more. For nothing."
"Google does not charge surge pricing because there are more websites on the internet. That's not how the real world works. Yet that's exactly how crypto works."
"Pull out your BlackBerry. Open Internet Explorer. Go to your AOL account. Reset your Myspace password. All those had over 100 million users. They seemed unassailable. Now they're all gone."
"The only way long-term people are going to use crypto is through agents. They'll delegate authority to AI to do it on their behalf."
"The paradox of agents: to make them effective, they have to know you. The more they know about you, the more dangerous they are."
"Technology has a way of breaking monopolies relentlessly."
Translation: the entire premise of crypto adoption — that users will choose to learn wallets, manage keys, and pay gas — is wrong. The next billion users won't "adopt" anything. AI agents will use crypto on their behalf. The chains that survive aren't the ones with the most evangelists. They're the ones built for machines, not believers.
Which crypto thesis do you think breaks first?
VIA Labs is officially live on BOTH @MidnightNtwrk testnet and @Cardano testnet!
Moneta's @USDMOfficial is the first token you can natively transfer between the two.
Try it yourself: https://t.co/4MK1VRhX3d
Open beta — try it, break it, transfer it.
@TapTools Very sad news 😢 I use TapTools every day. Like a lot of people I guess.
Hope this can be prevented with the help of @Cardano_CF or maybe @IOHK_Charles
What if Cardano became the backbone of global agriculture?
The 5am earth proposal could bring:
2M+ monthly active users
7–10M monthly transactions
Up to $1.2B in ecosystem contribution
All driven by real farmers, real commodities, and real agriculture workflows on Cardano.
This is what mainstream adoption looks like.
Cardano Native Tokens continue to pump🤯
$STRIKE just hit a new ATH
$ASCEND looks like it's heading towards a new ATH
$SURF getting ready for the next move?👀
I agree with @F_Gregaard - Let’s put Cardano where it belongs!
Cardano is better together, and I would be happy to join you and the community in Singapore for the 2026 Cardano Summit and Token 2049
If you have not voted yet, I encourage you to vote yes today for the revised Cardano Summit proposal
See you all in October in Singapore!