**Charles Hoskinson Playfully Acknowledges BitBoy’s Claim of Reviving Cardano, Expressing Gratitude for His “Efforts” and Positive Comments on the Project**
In a lighthearted exchange, Charles Hoskinson, the founder of Cardano, responded to crypto influencer Ben Armstrong, known as BitBoy, who recently claimed he had single-handedly revived the ADA project. This assertion, made during a February 26 livestream, prompted Hoskinson to take a playful and sarcastic tone in his reply.
Historically, Armstrong has been critical of Cardano, often labeling the network as “dead.” However, in a surprising twist during his recent livestream, he claimed that his past criticisms were part of a reverse psychology strategy designed to generate institutional interest in Cardano. He confidently asserted that by calling Cardano “dead,” he inadvertently helped to breathe new life into the project, suggesting that institutions returned to Cardano to prove him wrong. Armstrong even pointed to Grayscale’s recent interest in launching a Cardano exchange-traded fund (ETF) as a direct result of his tactics, humorously noting that institutions were motivated to invest in ADA to counter his claims of the project’s demise.
In a delightful turn of events, Hoskinson responded to BitBoy’s bold claims with a tone of faux appreciation. Rather than directly confronting Armstrong’s statements, he opted for a humorous approach. On the social media platform X, Hoskinson shared a short video expressing his gratitude for Armstrong’s “efforts” and wished him well in his future endeavors. He conveyed his excitement that Armstrong had achieved his goals while also thanking him for the positive comments about Cardano.
The relationship between BitBoy and Cardano has been tumultuous over the years. Armstrong’s criticisms date back to at least July 2022, when he suggested that Cardano had lost its appeal among institutional investors. This led to a series of exchanges between him and the Cardano community, including a notably tense moment in August when Armstrong challenged Hoskinson to a fight, a challenge that Hoskinson chose to ignore.
BitBoy’s recent remarks seem to fit into his ongoing pattern of shifting views on various crypto projects, earning him both supporters and critics within the crypto community. Despite the back-and-forth between Armstrong and Hoskinson, there is a noticeable increase in institutional interest in Cardano. Analysts have recently observed a steady rise in institutional engagement, indicating a potential rally for the ADA project.
