Blockchain CEO of the Hong Kong companies IOHK Charles Hoskinson, who concurrently is the co-founder and Creator of Ethereum Cardano, said that over the past two months, lost $2 billion because of the collapse of the cryptocurrency market.

I am pretty calm for a dude who has lost two billion dollars of value over the last two months.

— Charles Hoskinson (@IOHK_Charles) March 18, 2018

Hoskinson, also commented on the General situation on the market, which, in his own words, he does rarely.

He is convinced that inexperienced retail investors to panic sell their assets because of the fear of strict government regulation, but big players meanwhile earn huge fortunes.

I rarely comment on price, but I will say this about the market. The price collapse you are seeing across all crypto is coming from fear over a regulatory crackdown, whales taking massive profits, markets thin, and inexperienced retail investors. No one can change or stop this.

— Charles Hoskinson (@IOHK_Charles) March 18, 2018

“No one can change or stop”, — he stressed.

Earlier, the price of bitcoin updated month low today, March 18, continued a rapid decline.