During the recent crypto market crash, Charles Hoskinson, the founder of Cardano, stated that he was incurring over $3 billion in unrealized losses, meaning that the asset's price had fallen but hadn't been sold yet, so no real money had been lost. Hoskinson said this to emphasize that crypto founders also face risks like ordinary investors. Nevertheless, Hoskinson said he maintains a long-term view. Hoskinson has no intention of selling assets and XEM this downturn as simply a transition as the financial system adapts to new technology.