Cardano founder Charles Hoskinson, known for his assertive words, made new statements about Bitcoin ($BTC) and $ADA.
In a recent interview with Blockworks co-founder Jason Yanowitz, the Cardano founder claimed that $ADA has been better than Bitcoin as an investment vehicle since its early days, surpassing it.
Hoskinson referred to the 108,000 $BTC he held after selling off Cardano when it was first launched. He said that if they had held on to those Bitcoins, they would be worth approximately $12.8 billion today.
However, Hoskinson pointed out that Cardano's market capitalization is currently $30 billion, which is approximately 150% higher than the current $12 billion Bitcoin holdings.
At this point, Hoskinson argued that these results show that Cardano outperforms Bitcoin by approximately 2.8x, and as a result, $ADA is a significantly better investment than $BTC.
Hoskinson stated that Cardano has been a better investment than Bitcoin so far, adding that $ADA will continue to outperform $BTC.
“Cardano is doing and will continue to do much more.
Bitcoin will likely become $BTC’s yield layer thanks to DeFi, and public chains will airdrop $ADA almost annually thanks to Midnight’s launch model.
Cardano's Bitcoin DeFi will be four times larger than Ethereum and Solana's combined DeFi.
*This is not investment advice.