In a recent interview, Haseeb Qureshi, the Managing Partner of Dragonfly Capital, disclosed the reason why some of the big players in the cryptocurrency space are disassociating themselves from Cardano.

Quereshi said “super rich and powerful and extremely attractive people” do not think about investing in Cardano because the project has only religion and no technology.

“Every investor understands that cryptocurrency is a combination of technology and religion. You have to have both. You can’t just have one,” Quereshi was quoted as saying.

He said while Cardano has religion, the popular crypto project does not have the necessary technology to attract rich investors.

“The problem is that if it has only religion without technology, you will become more of a religious community. And technologists are very turned off by that,” he added.

Cardano Enthusiasts Blast Quereshi

Quereshi’s derogatory comments about Cardano angered supporters of the project, who took to the comment section on Twitter to air their grievances.

A major Cardano influencer who goes by the pseudonym ADA Whale was among the people who bashed Quereshi for saying Cardano has only religion without technology.

ADA Whale shared an old tweet from the Cardano development team, Input Output Global (IOG), showing the technological roadmap of the blockchain.

Cardano Founder Reaction

While many Cardano enthusiasts openly blasted Quereshi for the comment, Charles Hoskinson, Cardano’s founder, responded with a caustic response.

Hoskinson noted that since Cardano only has religion, they should pack up and leave the project, shut down all research academies, fire all engineers, and buy some religious robes while leaving.

“Need some volunteers for pricing bulk kool-aid orders,” Hoskinson said, adding: “We might as well shut down all those academic research centers and fire hundreds of engineers while we are at it.”

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