Charles Hoskinson Says Cardano Will Flip Bitcoin And Ethereum, Here’s When

Charles Hoskinson has said that the Cardano network will become “larger” than Bitcoin and Ethereum and provided a timeline for when this will happen. This came as the Cardano founder also made a case for why his network has an edge over other layer-1 networks, especially with the Voltaire era, which has ushered in decentralized governance on the network.

Charles Hoskinson Reveals When Cardano Will Flip Bitcoin And Ethereum

The Cardano founder mentioned that his network would become larger than Ethereum in a decade times and larger than Bitcoin in another decade. He added that most governments will run on their infrastructure in another decade. He made these statements at the Cardano summit in Argentina, which just kicked off.

Cardano becoming larger than Bitcoin and Ethereum will translate to the ADA price, flipping the BTC and ETH prices. That undoubtedly looks impossible for now, considering that ADA is currently the eleventh-largest crypto by market cap. At the same time, BTC and ETH are the first and second largest cryptos by market cap.

However, Hoskinson is confident that it will eventually happen based on his belief that Cardano has superior technology to these other networks. He recently mentioned that Cardano is number 1 while remarking that the gap between the network and other networks isn’t close, especially with the network’s decentralized governance and the amazing roadmap items on the horizon.

Why Decentralized Governance Matters A Lot

Charles Hoskinson provided more insights into why Cardano’s decentralized governance matters. He said that with onchain governance, they have everything they will need to solve any problem. He added that this is why they aren’t focused on marketing but rather looking to build a true community that will also help market the network.

The Cardano founder also suggested that they were playing the long game rather than focusing on instant success. According to him, they want to build a network everyone can trust, including world governments. He emphasized that true decentralization brings about trust, which will help eliminate intermediaries and global firms that currently control all the narratives.

This is why Charles Hoskinson believes the Voltaire era is significant for the Cardano network and puts it above every other layer-1 network. Hoskinson also used the opportunity to shade networks, which venture capitalists fund. He indicated bowing to VC funding contradicts the whole purpose of blockchain technology. He remarked that most of these networks are centralized, as only a few run validator nodes on them.

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Boluwatife Adeyemi

Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across DeFi, NFTs, smart contracts, and blockchain interoperability, among others. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover and a part-time degen.

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