Billionaire and BitMEX co-founder Arthur Hayes recently intensified his criticism of the Cardano (ADA) blockchain. This time, Hayes even called Cardano dog shit, in addition to publishing a provocation for the founder of ADA, Charles Hoskinson.

“For all of you $ADA believers, which dAPP on this list was originally launched on Cardano or has a Cardano offering that is widely used? From my very limited knowledge, it appears that none of them do. This is why $ADA is dog shit. @IOHK_Charles please educate me. Yacht”.

Arthur Hayes recently provided commentary on Cardano (ADA) during a broadcast on the Coin Bureau YouTube channel. For Arthur Hayes, Cardano is the “first Ethereum aspirant”.

During the conversation, the BitMEX co-founder also questioned Cardano’s importance in the digital currency space, going so far as to emphasize that ADA “may be the first to be irrelevant.” At the time of publication, the price of Cardano was quoted at US$0.5881, down 6.8% in the last 24 hours.

In his criticism, Hayes also highlighted the altcoin market in general, even warning investors about the allure of projects with more buzz than real substance. The BitMEX co-founder highlighted the importance of differentiating between what is truly genuine technological advancement and smart marketing.

At the time of publication, the price of Cardano was quoted at US$0.5934 with an increase of 0.4% in the last 24 hours. During this period, the cryptocurrency recorded a trading volume of US$507,831,367.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.


Leave a Reply