Logo
Cardano Ecosystem

Bitcoinist

06/17/2024

·

78 views


Is It Possible For ADA To Flip Bitcoin? Cardano Founder Gives Reason Why | Bitcoinist.com

Cardano founder, Charles Hoskinson, boldly predicted at the 2023 Rare Evo conference that ADA would become the largest cryptocurrency in the world. In a recent interview, he provided insights into why he...

Is It Possible For ADA To Flip Bitcoin? Cardano Founder Gives Reason Why | Bitcoinist.com

Cardano founder, Charles Hoskinson, boldly predicted at the 2023 Rare Evo conference that ADA would become the largest cryptocurrency in the world. In a recent interview, he provided insights into why he believes that will happen, with Cardano flipping Bitcoin on its way to achieving such status. 

Hoskinson alluded to the Cardano ecosystem’s current development as the reason he believes Cardano can flip Bitcoin. He claimed there would be no way to beat Cardano if they accomplished their vision. Furthermore, he noted that ADA had already lived up to what Satoshi Nakamoto started, but they aren’t stopping there.

The Cardano Founder stated that ADA is trying to change the political, social, and economic systems of the world. Hoskinson believes that ADA is bound to outgrow the market as it continues to build a “growth engine” that can absorb more people without losing its existing users and one that can also “absorb” all the technology of its competitors. 

He suggested that ADA will become a trillion-dollar ecosystem by onboarding billions of people and standing out from its competitors. Hoskinson also highlighted the role of the Cardano community in achieving this status. He revealed how various teams are currently working to onboard different governments onto the Cardano network. 

Furthermore, he mentioned that several decentralized applications (dApps) are currently being built on the Cardano network, each boasting incredible teams working together to create something meaningful. Hoskinson claimed that the key is empowering these teams to achieve tremendous growth. Once that happens, he believes they can come together as a community to achieve the “next step,” which is what flips Bitcoin.

Bitcoin Has “Stalled”

Hoskinson stated that Bitcoin has “stalled,” which is another reason he believes Cardano can easily flip Bitcoin. He remarked that Bitcoin’s only value proposition is that it is “big and successful.” He said people aren’t using Bitcoin because it has a new technology or capability. Interestingly, he likened Bitcoin to Yahoo, MySpace, and Microsoft Windows, stating that they also had this value proposition of being “big and successful.” 

Hoskinson suggested that Bitcoin’s value proposition would likely fail sooner rather than later, as he alluded to how these other brands faded out with time. He also claimed that Bitcoin’s value proposition as being “digital gold” would at some point hit its cap once the flagship crypto is evenly distributed and everyone owns a bit of it. 

On the other hand, he claimed that a platform like Cardano, which boasts utilities like a smart contract functionality and could become the voting system of every country worldwide, is undoubtedly more valuable than Bitcoin. He also suggested that Cardano is already on its way to becoming the go-to platform for every financial, political, and social need, seeing how it is already embracing complete decentralization with the Chang Hard Fork

ADA price chart from Tradingview.com (Cardano foundeR)
ADA price holds $0.4 | Source: ADAUSDT on Tradingview.com

Featured image from Medium, chart from Tradingview.com

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

Scott Matherson

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Bitcoinist

ORIGINAL SOURCE

https://bitcoinist.com/ada-bitcoin-carda...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Rare Evo: A Blockchain Event

More from Bitcoinist

See more
Cardano Founder Proposes Blockchain Solution To Elon Musk
Bitcoinist
Cardano Founder Proposes Blockchain Solution To Elon Musk

last Wednesday at 8:00 AM

·

17 views

Related News

See more

Argentina Digital Nation 2024
Rare Evo: A Blockchain Event
Argentina Digital Nation 2024

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)