Cardano founder Charles Hoskinson argues that the ADA has improved Bitcoin as an investment tool since the beginning and continues this trend.
Cardano (ADA) has increased 91% over the past year, while Bitcoin (BTC) has risen 71% over the same period. According to Hoskinson, this outperformance has endured for several years.
recently Interview Along with Blockworks co-founder Jason Yanowitz, the founder of Cardano said the ADA is “a significantly better investment” than Bitcoin. He bases these claims on the significant growth of the Cardano ecosystem from the beginning, compared to Bitcoin.
Hoskinson emphasized that Cardano’s market capitalization is currently at $30 billion, and that the realised Bitcoin Stash is about 150% higher than the current value of $12 billion. He noted that this suggests that Cardano is above the coefficient of Bitcoin of about 2.8. As a result, ADA is a significantly better investment than BTC.
Furthermore, compared to ADA price trajectory Bitcoin I’ll draw more pictures. For context, Cardano spiked 3,900% from its September 2017 release price at $0.02, while Bitcoin posted a rallies of 2,410% from its operating price of $4,337 over the same period.
Cardano continues to outperform Bitcoin
When asked if this trend would continue, Hoskinson nodded in agreement. He pointed out that Bitcoin’s best case scenario is a $1 million rally from a tenfold rally. He says the difference in what is potentially possible for Cardano compared to Bitcoin is probably 10-100x growth, suggesting that ADA has a 100-1,000x growth outlook.
Meanwhile, he cited Cardano’s possibility Bitcoin defi layer Ecosystem development, such as midnight, is catalyzed for this bullish ADA outlook. In particular, growth of 100 and 1,000 times Cardano will generate assets of $2.8 trillion and $28 trillion, respectively.
Surprisingly, Hoskinson also provided an update Night Airdroppointing out that it will happen later this year. He also predicted that Night Token could grow into a $10 billion project after launch.