Cardano founder reveals plans for possible collaboration with Elon Musk

Cardano founder Charles Hoskinson has revealed plans to approach prominent American businessman and Tesla CEO Elon Musk.

Hoskinson made the revelation in response to a user's inquiry about whether he had been in contact with Musk.

Hoskinson waits for special occasion to approach Musk

Hoskinson responded by revealing that he planned to contact the American businessman.

“You only get one chance,” Hoskinson said.

His comments suggest that being with someone like Musk only happens once in a lifetime. Therefore, he noted that he was saving "this card" for a "major event" in the future.

Cardano fans react

The Cardano founder did not reveal further about his possible plans for contact with Musk. As expected, some of Hoskinson’s followers asked about the significance of the future event that the Cardano founder was waiting for before contacting Musk.

Other users speculated that the occasion Hoskinson was waiting for might be important and could be related to Cardano. This could lead to a major technological breakthrough for the leading blockchain network.

Musk's influence on cryptocurrency

Possible discussions between Hoskinson and Musk could lead to a collaboration that could have positive implications for the wider cryptocurrency industry, and especially for Cardano and its native token, ADA. Such a collaboration would be seen as Musk’s support for Cardano, thereby driving the ADA price to unprecedented levels.

Musk’s influence on any cryptocurrency project cannot be underestimated. For instance, the billionaire’s tweets and support for Dogecoin played a major role in boosting the value of DOGE, causing it to hit an all-time high of $0.7376 on May 8, 2021. If he collaborated with Hoskinson on any groundbreaking project, he could probably replicate the feat for ADA.

Hoskinson's previous contacts with Musk

At the same time, Hoskinson had proposed approaching Musk about a possible collaboration. In April 2022, the founder of Cardano proposed to help Musk build a decentralized version of Twitter. He made the offer following multiple reports that Twitter's board might reject Musk's proposal for the platform.

Later that month, Hoskinson declined to deny or confirm reports that he had met with Musk at X headquarters.

Given that Hoskinson indicated plans to communicate with Musk about “something significant,” Cardano enthusiasts are hoping that this potential contact will have a positive impact on ADA’s price, which is currently trading at $0.4537.

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