Cardano vs. Bitcoin: Hoskinson Predicts ADA’s 100x-1000x Growth
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Charles Hoskinson, founder of Cardano, claims ADA outperforms Bitcoin, highlighting Cardano's 90% growth versus Bitcoin's 70% in the past year. He points to Cardano's strategic investment of 108,000 BTC (worth nearly $13 billion today) into its network development, resulting in a $30 billion market cap for ADA—significantly surpassing the value of the initial Bitcoin investment. This contrasts with Bitcoin's role as a store of value, while Cardano integrates staking, smart contracts, and on-chain governance. Hoskinson forecasts a potential 10x increase for Bitcoin to $1 million per coin, but predicts a much more substantial 100x to 1000x growth for ADA, potentially reaching a market cap of $2.8 trillion to $28 trillion. This ambitious prediction hinges on the success of projects like Midnight (focused on blockchain data privacy) and Cardano's potential as a DeFi layer for Bitcoin. However, the article cautions that these projections involve significant risk, emphasizing the need for successful rollouts, strong user engagement, and compelling new use cases to justify such substantial growth. While Cardano's performance has been impressive, declaring ADA definitively “better” than Bitcoin depends on future developments and adoption.
(Source: https://www.newsbtc.com/news/bitcoin/bitcoin-aint-better-ada-is-cardano-founder-says/)
