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Cardano (CRYPTO: ADA) founder Charles Hoskinson expressed confidence that the native coin of the ecosystem will flip Bitcoin (CRYPTO: BTC) to become the world's largest cryptocurrency in the future.
What Happened: During an interview with Altcoin Daily Tuesday, Hoskinson, who was also one of the earlier founders of Ethereum (CRYPTO: ETH), was reminded of his bold prediction from the 2023 Rare Evo conference.
When asked to respond when he sees this happening, Hoskinson diplomatically stated, “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," the entrepreneur added.
Hoskinson indirectly labeled Cardano as the "growth engine" that has continuously absorbed the technology of its competitors and kept on adding 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 in the last decade, a departure from the ethos prevalent when he was involved in the asset's development.
Why It Matters: Hoskinson's bullish sentiment comes despite lackluster growth for the tenth-largest cryptocurrency this year.
ADA has plunged 35% year-to-date, while Bitcoin has surged 64% in the same time.
With regards to cryptocurrency policies in the U.S., Hoskinson has been a staunch critic of the Joe Biden administration, accusing it of actively seeking to “destroy the American cryptocurrency industry,” and framing “a vote for Biden is a vote against the industry.”
Price Action: At the time of writing, ADA was exchanging hands at $0.3918, rising 1.02% in the last 24 hours, according to data from Benzinga Pro.
Photo by Dennis Diatel on Shutterstock
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