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Cardano founder Charles Hoskinson has issued a bold new price prediction for both his native token, ADA, and the market leader, Bitcoin (BTC). In a recent interview, Hoskinson stated that ADA might record a 100x or even 1000x gain, whereas Bitcoin’s price may only see a 10x increase in the near future.
Hoskinson was responding to a question about why the Cardano treasury did not convert its ADA holdings to Bitcoin. He argued that Bitcoin’s massive $2.3 trillion valuation is a hindrance to its potential for high-percentage gains when compared to Cardano’s much smaller $29.1 billion market cap.
“Oh sure, let’s sell ADA for Bitcoin. So we can make less money,” Hoskinson noted sarcastically. For context, a 100x for Cardano would give it a market cap of $2.9 trillion, while a 10x for Bitcoin would push its valuation to $23 trillion.
Related: Crypto Market Heats Up: Ethereum, Cardano, and SUI Signal Mixed Short-Term Outlook
Top Reasons Why Hoskinson Bets on Cardano Price to Outshine Bitcoin
According to Hoskinson, the Cardano network will grow to become the yield layer for Bitcoin due to its BTC DeFi. The Cardano developers have been working on sidechains such as the Milkomeda to successfully bridge the ADA ecosystem to other chains led by BTC, Solana, and Algorand.
The anetaBTC protocol has helped the Cardano network onboard Bitcoin users through wrapped versions. The anetaBTC is in the early stages of adoption as only 1.47 BTC have been pooled, according to on-chain data analysis from TapTools.
The Cardano network has grown to a total value locked (TVL) of about $360 million and a stablecoins market cap of around $32 million, according to market data analysis from DeFiLlama. Nonetheless, the Cardano network has lagged behind its top competitors led by Solana (SOL), and Tron (TRX), which earned the Ethereum killer title.
What the Chart Says About ADA Price Action
Cardano price has followed a similar fractal pattern to its 2021 bull run during the 2024/2025 crypto rally. In the weekly timeframe, ADA price has formed a rising channel characterized by higher highs and higher lows, a well-known pattern for a bull market.
Year-to-date (YTD), Cardano price has established a robust support level around 53 cents, which in the past two years acted as a resistance level. Most recently, ADA price broke out of a falling logarithmic trend established YTD, thus signaling the bulls have the upper hand.
Related: Cardano (ADA) Price Prediction for July 28, 2025: ADA Holds Above $0.83 as Bulls Eye Triangle Break
Considering the established bullish momentum, ADA price is well-positioned to retest the 2021 all-time high (ATH), especially if the resistance level around $1.18 is consistently breached.
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