- Cardano founder Charles Hoskinson claims Cardano poses the biggest threat to Bitcoin’s dominance, citing its advanced technology, strong decentralization, and seven-year record of stability.
- While acknowledging Bitcoin’s institutional momentum, he argues Cardano has delivered on innovations Bitcoin only envisioned, making it a more complete blockchain platform.
Hoskinson Says Cardano “Finished the Work” Bitcoin Started
Cardano founder Charles Hoskinson is once again making headlines—this time with a bold claim: Cardano is the biggest threat to Bitcoin’s long-standing dominance. In a recent statement, Hoskinson reaffirmed that Cardano, built over the past seven years, is the only blockchain ecosystem that has truly stayed faithful to the original vision of decentralization, monetary soundness, and technological progress.
From Vision to Execution: Cardano’s Evolution
Hoskinson pointed out that Cardano has advanced in areas where Bitcoin has stalled. By implementing the Extended UTXO model, ADA has achieved smart contract functionality without compromising on Bitcoin’s core security model. The platform’s native Plutus language allows for complex decentralized apps (dApps), and its on-chain governance surpasses Bitcoin’s informal and often slow consensus-building process.
Cardano’s key innovations, like native assets and scalable Layer 1 architecture, echo early Bitcoin ideas such as colored coins and Lightning Network functionality—concepts that never fully materialized in Bitcoin’s roadmap. In Hoskinson’s view, ADA has become the blockchain that brought these early dreams to life.
Cardano Decentralization and Resilience Are Its Core Strengths
In terms of performance, Cardano boasts an impressive track record: seven years with zero downtime, hacks, or critical failures. Powered by a secure proof-of-stake consensus, the network achieves high energy efficiency while maintaining strong decentralization. Hoskinson emphasized that years of peer-reviewed research and formal methods engineering have contributed to Cardano’s stability and scalability.
He insisted that Cardano’s claim to be “sound money” is based not on hype or price action, but on its technical foundation and resilience—a subtle jab at Bitcoin’s market-driven narrative.
Bitcoin Still Rising with Institutional Backing
Despite his strong ADA advocacy, Hoskinson acknowledged Bitcoin’s growing institutional momentum. With support from asset giants like BlackRock and favorable U.S. government sentiment, Bitcoin’s price could skyrocket to $250,000–$500,000 in the next two years—and possibly hit $1 million by 2030.
Yet, Hoskinson hinted that Bitcoin’s rise might rely more on Wall Street than Web3 innovation. In contrast, Cardano, he argued, represents the next generation of crypto—purpose-built, peer-reviewed, and ready to scale.
