Cardano founder Charles Hoskinson has boldly claimed that ADA is capable of delivering up to 1,000x gains from here, far outpacing what’s possible for Bitcoin.
His comments come as Bitcoin trades near all-time highs, while Cardano remains significantly below its previous peak.
In a recent interview, Hoskinson criticized the growing suggestion that the ADA treasury should switch to Bitcoin. He sarcastically asked:
The proposal has faced criticism from both internal and external community members. ADA enthusiasts believe it would create significant selling pressure on an already underperforming coin. Meanwhile, Bitcoin supporters have even called for a complete switch from ADA to BTC.
However, Hoskinson’s remarks target those who downplay ADA’s potential, despite Cardano’s growing utility. According to him, Bitcoin has nearly exhausted its bullish potential, while ADA still has much more room to grow.
Hoskinson’s statement draws attention to the current market caps of the two assets. With Bitcoin trading around $118,000 and holding a $2.34 trillion market cap, he suggested its best-case scenario might be a 10x increase to $1 million.
In contrast, ADA, currently at $0.7791 with a $27.5 billion market cap, could experience far more exponential growth. “ADA can do 100x or 1,000x from here,” he stated.
For context, a 1,000x increase from this level would put ADA’s price near $800 per coin, an extraordinary 99,900% gain. At that point, ADA’s market cap would reach $27.5 trillion.
Meanwhile, a 10x gain for Bitcoin, as Hoskinson suggested, would raise its market cap to approximately $24 trillion. Notably, Hoskinson is among the leading voices in the crypto industry predicting that Bitcoin could reach $1 million per coin by 2030.
Hoskinson also mentioned the ongoing integration between the two ecosystems, suggesting that Cardano could serve as a yield-generating layer for Bitcoin.
“Cardano does substantially more,” he said, positioning it as an engine for future DeFi applications within the Bitcoin ecosystem.
Ultimately, Hoskinson’s remarks highlight the popular divide between Bitcoin maximalists and Layer-1 innovators who believe the future of crypto lies in smart contracts and real-world utility.
Indeed, Bitcoin remains the dominant store of value. However, Cardano’s founder believes the greatest returns lie with platforms that can do much more. And in his view, ADA is just getting started.
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