Cardano vs Bitcoin: Hoskinson Foresees Trillion-Dollar Shift to ADA
Cardano founder, Charles Hoskinson, boldly predicts Cardano will flip Bitcoin and become the largest cryptocurrency in the world.
Hoskinson thinks that the Cardano's ecosystem will allow ADA to flip BTC. And if he and his colleagues were to finish all the projects and fulfill their vision of Cardano, 'there would be no way to beat it.'
According to Hoskinson, ADA is living up to what Satoshi Nakamoto started, but they aren’t stopping there.
ADA will become a trillion-dollar ecosystem and leave all the competitors behind, Hoskinson thinks. And that will help ADA to change the political, social, and economic systems of the world.
And the work is being done already to make this happen. Hoskinson says that various teams are currently working to onboard different governments onto the Cardano network.
He mentioned the development of decentralized applications (dApps) built on the Cardano network. That will lead to the “next step,” which is what flips Bitcoin.
He didn't mention what that next step would be. But he explained that, in his opinion, Bitcoin has “stalled.” And that would help Cardano to flip Bitcoin. By "stalled' Hoskinson means that like Yahoo and MySpace used to be, Bitcoin has the image of “big and successful.” Those brands faded out with time. The same will happen with Bitcoin.
But people don't really use Bitcoin, Hoskinson says. And sounds like a grim verdict.
The idea of Bitcoin being 'digital gold' doesn't impress Hoskinson so much. At some point Bitcoin will hit its cap once the flagship crypto is evenly distributed and everyone owns a bit of it.
So unsurprisingly, Cardano founder claims that his platform with unique smart contracts could become much more useful that Bitcoin. One of the steps towards the "next step" to flip Bitcoin would be creating a transparent and impeccable voting system for every country worldwide. That would undoubtedly be more valuable than Bitcoin, Hoskinson claims.
