Ethereum
Ethereum Co-Founder Confident Cardano Will Overthrow Bitcoin to Become World’s Largest Cryptocurrency: ‘There’s Nothing That Can Compete With It’
Cardano Founder of ADA/USD Charles Hoskinson expressed confidence that the ecosystem’s native currency will reverse Bitcoin BTC/USD will become the largest cryptocurrency in the world in the future.
What happened: During a interview with Altcoin Daily Tuesday, Hoskinson, who was also an early founder of Ethereum ETH/USD, recalled its bold prediction of 2023 Rare Evo conference.
When asked for an answer when he sees this happening, Hoskinson said diplomatically: “If we can do what I say, there is no way we can beat Cardano. »
“There’s nothing that can compete with him, and ultimately he’s lived up to what Satoshi (Nakamoto) started,” the entrepreneur added.
Hoskinson indirectly referred to Cardano as a “growth engine” that continually absorbed technology from its competitors and continued to add people to its fray.
See also: 54% of Japanese institutional investors plan to invest in crypto in the next 3 years
The Cardano founder also criticized the toxic wave of maximalism that has engulfed the Bitcoin ecosystem over the past decade, a departure from the ethos that prevailed when he was involved in the asset’s development.
Why is this important: Hoskinson’s bullish sentiment comes despite the tenth largest cryptocurrency’s lackluster growth this year.
ADA has plunged 35% since the start of the year, while Bitcoin has surged 64% in the same time.
When it comes to cryptocurrency policies in the United States, Hoskinson is a fervent critic of Joe Biden administration, accusing him of actively seeking to “destroy the US cryptocurrency industry” and claiming that “a vote for Biden is a vote against the industry”.
Price action:At the time of writing, ADA was trading at $0.3918, up 1.02% in the last 24 hours, according to data from Benzinga Pro.
Photo by Dennis Diatel on Shutterstock
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