In a Twitter video, Cardano founder Charles Hoskinson showed a strong belief in BTC and compared it to gold in a recent statement.
According to him, Bitcoin does not need its blockchain to stay relevant as digital gold.
Cardano founder Charles Hoskinson has made a profound claim about Bitcoin in the recent future outlook of his project. According to him, there is a possibility of having all Bitcoins on the Ethereum and Cardano networks shortly.
In just 5 years, the majority of all mined Bitcoin will be on the Cardano and Ethereum chains.
In the Twitter video, he showed a strong belief in Bitcoin and compared it to gold. Hoskinson mentioned that Bitcoin is digital gold, and also has real use cases and utility. Comparatively, both Bitcoin and gold mining require energy. In this case, the cost of production and scarcity factors reflect the true value of both assets. In addition, the current price of BTC represents the production cost considering that gold would still have value without...
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