Yahoo! Speaking about the ongoing crypto winter in his latest interview with Finance, Input Output CEO Charles Hoskinson said that the worries are unfounded, in fact, he thinks the bear market is pretty comfortable.

Mentioning that bull markets were frustrating, Charles Hoskinson said that at that time, no one wanted to cooperate, and those who wanted to have unrealistic wages and expectations.

   "On the other hand you need to improve performance. You need to be able to meet the growing demand. If you look at the transaction volume on Cardano, we are currently growing exponentially. If this goes like this, we may introduce some upgrades to make sure we can handle this ecosystem."

Bear

Hoskinson, who has witnessed seven bear markets to date, noted that big developments such as smart contracts often come in the most difficult times.

   "Bear markets are actually pretty comfortable. Personally, I've been through about seven bear markets right now. We've seen big improvements each time. This is where the smart contract revolution came from. This is where most of the DeFi revolution came from. In bear markets, people work efficiently to create new technologies."

On the other hand, Hoskinson added that the Vasil hard fork, which is expected to be released on June 29, is on the verge of starting.

US Treasury Secretary Yellen warns of including cryptocurrencies in retirement

US Treasury Secretary Janet Yellen stated that the inclusion of cryptocurrencies in the retirement process will bring a “very risky” process and this should be addressed by Congress.

U.S. Treasury Secretary Yellen said at an event in Washington by the New York Times on June 9 that adding cryptocurrencies to the average saver's 401(k) retirement plans would be a "very risky" choice.

Janet Yellen

As part of the event, on a question directed about Fidelity's initiative to include it in the retirement plans it shared in April, Yellen said:

   "Not something I would recommend to most people saving for retirement. It's a very risky investment in my opinion."

Yellen also stated that it would be appropriate for Congress to regulate the types of assets to be included in retirement programs. Then he stated:

   "I'm not saying I recommend it, but I think that would be reasonable."