Charles Hoskinson (찰스 호스킨슨), the founder of Cardano, has voiced optimism despite the recent correction in the cryptocurrency market. He forecast that the market would eventually expand to $10 trillion and that users could reach 1 billion by 2030.

On June 23 local time, blockchain media outlet The Crypto Basic reported that Hoskinson said in a video shared on X, formerly Twitter, that there was no need to be swept up in excessive fear over the recent downturn.

Hoskinson described cryptocurrency as an alternative and an exit from the traditional financial system. He said crypto could make up for various limitations in the existing financial system, adding that the overall trend remains upward even if the market repeatedly surges and corrects in cycles.

He said the focus should be on structural expansion rather than short-term prices. Hoskinson said the number of cryptocurrency market participants worldwide is about 550 million and could rise to 1 billion by 2030. He judged that mass adoption remains in an early stage and that the pace of expansion could accelerate over the next few years.

He also presented an outlook for the tokenisation of real-world assets (RWA). Hoskinson expected that a significant portion of global financial assets such as stocks, bonds and equity-like assets would move to blockchain-based infrastructure within the next few years. He said digital assets could become a main means of exchanging value and could also be used as a pricing benchmark for goods and services and financial assets. Reliance on traditional fiat currencies could gradually decline, he said.

His comments came at a time of high market volatility. Major cryptocurrencies have generally seen sharp volatility so far this year. In recent weeks, bitcoin slid to $59,100, its low in 2024, and Cardano fell below $0.15 for the first time since 2020. Market sentiment also deteriorated to a level of extreme fear.

Selling by short-term investors was also seen. Market analyst Darkfost said short-term holders moved more than 80,000 BTC to exchanges over seven days as bitcoin fell to the $60,000 level. Selling pressure re-emerged even after prices partly rebounded. Bitcoin recently fell below $62,500, and Cardano dropped 4.52 percent over the same period to $0.1542. Total cryptocurrency market capitalisation also fell 2.86 percent to $2.14 trillion.

Hoskinson said such correction ranges mean little in the long-term trend. He said slight declines are not important compared with broader adoption and the potential for growth. As the market is headed toward expanding beyond $10 trillion, there is no need to overreact to temporary price drops, he said.

Hoskinson also maintained that cryptocurrency adoption would accelerate over the next few years. He said the key is not whether there is a short-term rebound but how quickly user growth and real-world asset tokenisation actually progress.

Amateurs watch the 15-minute candles. Sovereigns watch the structural migration." ️⛓️ Cardano founder Charles Hoskinson just dropped a brutal reality check for anyone panicking over the local market drawdowns: The Macro Expansion: Twelve years ago, the global crypto… pic.twitter.com/AMbQjEbmZ9