Hoskinson’s Bombshell: Bitcoin May 10X, But Cardano Could 1000X—Here’s Why
Charles Hoskinson just dropped a grenade in the crypto echo chamber. While Bitcoin maximalists obsess over 10X gains, the Cardano founder claims his brainchild has 100x more upside potential. Cue the institutional eye-rolls.
The scalability smackdown
Hoskinson's betting Cardano's peer-reviewed research and Ouroboros protocol will eat Bitcoin's lunch long-term. Never mind that ADA's still 70% below its ATH—this is about the 'academic rigor' narrative. Right.
The trader's dilemma
Front-run the hype or wait for actual adoption? Cardano's developer activity spikes while BTC miners count their halving spoils. Meanwhile, hedge funds still treat altcoins like casino chips—just with fancier math.
One thing's clear: In crypto, the loudest predictions often age like milk. But when the founder of a top-10 coin throws down these numbers? Even Wall Street's quant bros might peek up from their spreadsheets.
Will Cardano Outperform Bitcoin?
ADA has had a few rough years. The asset is down by nearly 78% from its all-time high of $3.09. Bitcoin (BTC) hit a new peak of $122,838 earlier this month. ADA, on the other hand, hit its peak in September of 2021, almost four years ago.
Hoskinson’s comment about BTC hitting $1 million aligns with a larger forecast for the asset. Many industry experts anticipate BTC to hit the $1 million mark soon. Binance founder Changpeng Zhao and ARK Invest CEO Cathie Wood think BTC could hit $1 million very soon. If Bitcoin (BTC) hits $1 million, there is a very high chance that cardano (ADA) and other crypto assets will climb to never-before-seen price levels. Under such circumstances, ADA’s price could easily grow by 100X. This would mean that investors will make more money with ADA than with BTC.
While there is a high chance that bitcoin (BTC) will climb to $1 million, we do not have an exact timeline for when it could happen.
ADA is currently following the market-wide price dip. Fresh volatility has caused some cautiousness to creep in. The asset is down by 3.9% in the daily charts and 7.6% in the weekly charts. Despite the dip, ADA is up 11.7% in the 14-day charts, 43.6% over the previous month, and 90.5% since late July 2024, according to CoinGecko’s Cardano data.
Cardano (ADA) currently faces substantial resistance at the $0.80-$0.90 level. Breaching this price point could propel ADA beyond $1. An interest rate cut from the Federal Reserve could also aid ADA’s journey to the $1 price point. A rate cut will likely lead to more retail money flowing into the crypto market. Such a development could trigger another bullish phase.
