Charles Hoskinson, the Cardano founder, insists Cardano could surpass Bitcoin as the top cryptocurrency, believes Bitcoin could go out of vogue.

Hoskinson said this while speaking to Altcoin Daily. Notably, the Cardano founder had previously asserted that Cardano would become the largest crypto asset. One of the hosts of Altcoin Daily stressed that this means ADA will surpass BTC. He questioned when Hoskinson sees this happening.

Hoskinson States Why Cardano Could Surpass BTC

In response, Hoskinson’s remarks highlighted his belief in Cardano’s potential to fundamentally change the economic, political, and social systems globally.

Hoskinson believes that Cardano’s strategy is central to its future success. He argued that if Cardano continues to expand its user base, it will inevitably become a multi-trillion-dollar ecosystem. This growth will be from the collective efforts of Cardano’s community.

Cardano’s mission, according to Hoskinson, is to enable billions of people worldwide by providing them with inspiration, tools, and resources necessary to innovate and grow.

He emphasized the importance of a community-driven approach, where decentralized decision-making allows for rapid adaptation and improvement. This, he says, is a key factor that will help Cardano outgrow its competitors.

One of the critical points Hoskinson made is that Cardano’s design allows it to absorb new ideas. This adaptability, alongside a focus on first principles thinking and decentralization, positions Cardano to surpass Bitcoin.

Cardano Founder: Bitcoin Has Become Stagnant

He compared Bitcoin to past technological giants like Yahoo and MySpace, which were eventually outcompeted by more innovative platforms. Hoskinson believes that Bitcoin’s strong suit is its renown and size. However, he believes this will not be enough to sustain it in the long term.

Hoskinson also argued that Bitcoin has become stagnant, with its only significant attribute being its large market presence. Recall that the Cardano founder previously contended that Bitcoin will not be able to survive without the broader crypto industry.

In contrast, he says Cardano aims to be more than just a store of value. Cardano aspires to offer high utility and serve as the backbone for various systems globally, such as payments and ID verification by integrating smart contracts, dApps, and a comprehensive governance system.

Cardano’s Governance System

The Cardano founder also highlighted the importance of a robust governance system. Drawing from his experience with Ethereum, he noted that projects with poor governance are prone to fracturing and losing momentum.

He cited the example of NXT, an early cryptocurrency project that failed to sustain its growth due to weak governance, despite having a strong community and innovative features.

Hoskinson is confident that Cardano’s focus on governance and community-driven development will help it avoid the pitfalls that other projects have faced. Notably, Cardano is on the verge of fully welcoming the Chang hard fork, which will transition the system to the Voltaire era of more decentralized governance.

Charles Hoskinson believes that Cardano’s ability to pivot and adapt quickly, along with its commitment to decentralization and first principles thinking, will ensure its long-term success.

Another significant aspect Hoskinson discussed is the cultural aspect of technological advancement. He emphasized that fostering a culture of innovation and inclusivity is crucial for any project’s success.

Hoskinson referred to Microsoft’s resurgence under Satya Nadella, who transformed the company’s culture and positioned it as a leader in the tech industry once again. Similarly, Hoskinson aims to cultivate a dynamic community within Cardano.