(Bloomberg) — Charles Hoskinson is angry.

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The founder of Cardano, one of the world’s largest cryptocurrency networks, recently posted a video warning users to brace for more failures after a popular analytics platform announced it was shutting down. More projects will disappear, more businesses will run out of money and more developers will abandon the ecosystem, he predicted.

“I suspect there’s going to be a wave of failures,” Hoskinson said. “This year is going to be very hard.”

His frustration captures a reality that has been overshadowed by Bitcoin’s latest slump. The world’s biggest cryptocurrency fell more than 6% to below $60,000 at one point on Friday, and has declined…