Cardano vs. Bitcoin: Hoskinson predicts ADA could 1,000x

Charles Hoskinson, the founder of Cardano, has sparked discussion around ADA’s long-term potential, claiming the token could outperform Bitcoin by a wide margin.

Speaking with Blockworks co-founder Jason Yanowitz on July 28, Hoskinson argued that while Bitcoin (BTC) could increase tenfold to reach $1 million, Cardano (ADA) might rise by 100x or even 1,000x, pushing its price to between $600 and $6,000 from the current level of $0.7791.

He based this view on ADA’s market capitalization of $27.5 billion, which is far smaller than Bitcoin’s $2.34 trillion. According to Hoskinson, this relative size gives ADA more space for exponential returns.

He also pointed to ADA’s historical performance. Since its 2017 launch at $0.02, ADA has risen over 3,900%, compared to Bitcoin’s 2,410% growth from $4,337 over the same period. He added that Cardano’s initial coin offering allocation of 108,000 BTC, then worth roughly $12 billion, is now dwarfed by ADA’s market cap, which he says reflects a 2.8x outperformance.

Why Hoskinson believes ADA can outrun Bitcoin

Several reasons were given to support Hoskinson’s forecast. He noted that nearly 60% of ADA’s circulating supply, equivalent to over $14 billion, is staked. This, he argued, promotes supply stability and long-term holding behavior, which may support price appreciation.

He also highlighted Cardano’s growing decentralized finance capabilities. According to Hoskinson, Cardano could become a “yield layer” for Bitcoin, allowing BTC holders to generate returns via Cardano’s smart contract infrastructure. Upcoming ecosystem events, such as the Midnight Glacier Drop and future partner chain airdrops, were also presented as growth drivers.

Skepticism and technical challenges remain

Not everyone shares Hoskinson’s optimism. Cardano’s DeFi ecosystem is still lagging behind its rivals, according to critics, with a $354 million total value locked, far less than Ethereum’s $70 billion. Investor confidence has also been impacted by regulatory obstacles, especially in the U.S., and slower-than-anticipated feature rollouts.

Some Bitcoin maximalists maintain that BTC’s role as a store of value gives it an advantage that ADA is unlikely to overcome. Additionally, past concerns about ledger integrity, such as issues during the Allegra hard fork, continue to raise questions around Cardano’s governance.

Cardano technical analysis

After its strong rally in mid-July, ADA is showing a weakening trend in the short-term. Volatility has cooled as prices have returned to within the Bollinger Bands after briefly touching the upper range at $0.95. The current price sits just below the 20-day SMA at $0.7987, which now acts as resistance.

With a relative strength index of 54.4, ADA is in neutral territory, though momentum has faded from its prior overbought condition. The MACD has crossed below the signal line, turning bearish.

Price action shows a possible short-term head-and-shoulders pattern forming, which could confirm if ADA closes below $0.75. To recover strength, ADA needs to take back the $0.80–$0.82 range. A break below the $0.69 support level could open the door to a move toward $0.63.