Charles Hoskinson Maintains Conviction That Cardano Will Flip Bitcoin to Become World\'s Largest Cryptocurrency

During an interview with Altcoin Daily on Tuesday, Hoskinson, who was also one of the earlier founders of Ethereum ETH/USD, was reminded of his previous bold prediction

Cardano(ADA) founder Charles Hoskinson expressed optimism that ADA will eventually surpass Bitcoin(BTC) to become the world’s largest cryptocurrency. Hoskinson, also an early founder of Ethereum(ETH), was asked about a bold prediction he made at the 2023 RareEvo conference, where he said that ADA will "eat Bitcoin's lunch." When asked by AltcoinDaily to elaborate on his prediction, Hoskinson said, "If we can do what I’m saying, there’s no way to beat Cardano." "There's nothing that can compete with it, and at the end of the day, it has lived up to what Satoshi(Nakamoto) started," he added. Hoskinson went on to describe Cardano as the "growth engine" that has continuously absorbed the technology of its competitors and brought more people into its ecosystem. He also criticized the maximalist culture that has become prevalent in the Bitcoin ecosystem over the past decade, which he said is a departure from the ethos that existed when he was involved in the asset's development. This bullish sentiment from Hoskinson comes despite a lackluster year for the tenth-largest cryptocurrency. ADA is down 35% year-to-date, while Bitcoin has surged 64% in the same time. Hoskinson has been a vocal critic of the Biden administration's cryptocurrency policies, accusing the administration of seeking to "destroy the American cryptocurrency industry," and framing "a vote for Biden is a vote against the industry." ADA was trading at $0.3918 at the time of writing, up 1.02% in the past 24 hours, according to data from BenzingaPro.

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