Charles Hoskinson Says Cardano Is a Far Better Store of Value

Cardano founder Charles Hoskinson says ADA represents a “far better store of value” than Bitcoin, arguing that Cardano combines a capped monetary system with an architecture capable of evolving as new technological threats emerge. Speaking during his Nov. 7 surprise AMA, Hoskinson rejected suggestions that he had promised Cardano would overtake Bitcoin. He said he would like to see that happen but has never guaranteed such an outcome. Hoskinson described Cardano as a “far better store of value” with “far better technology,” pointing to what he called principled money, a Bitcoin-like capped monetary policy and Cardano’s extended UTXO architecture. ADA currently trades around $0.175, giving Cardano a market capitalization of roughly $6.45 billion. Bitcoin remains vastly larger by market value.

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