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Cardano Founder Hoskinson Claims ADA Can Surpass Bitcoin by Becoming Global Trust Infrastructure

Price Prediction

2026-06-09 12:32:16

ADA0.98%

BTC-2.04%

In a livestream on June 8, Cardano founder Charles Hoskinson argued that Cardano is not competing for market share but to become the infrastructure layer for global trust, and that ADA could eventually surpass Bitcoin if the network succeeds in this objective. Hoskinson framed cryptocurrencies' core function as reducing the cost of trust in global commerce, estimating that regulated financial markets spend hundreds of billions annually on auditing, insurance, compliance, and intermediating functions. He outlined Cardano's approach through four technical pillars: the Ouroboros protocol for decentralization, the extended UTXO model for programmability, Hydra for scaling, and partner chains for modularity—each designed to reduce reliance on trusted third parties. At press time, ADA traded at $0.16.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Comment

0/400

GateUser-93e21b9d

· 57m ago

Bull Run 🐂

Reply0

GateUser-0e87c06b

· 1h ago

I wish they wouldn’t post this trash! They’re all going under, yet they’re still claiming to surpass Bitcoin! Are you sent by the Sudden-Lai Buddha?

View OriginalReply0

GateUser-93e21b9d

· 1h ago

Bull Run 🐂

Reply0