Cardano founder Charles Hoskinson, who attracted attention with his statements, recently made statements about Bitcoin (BTC), ADA and XRP.
Speaking to eToro’s Sam North, Hoskinson pointed to Cardano as a solution to some major problems in the XRP Ledger (XRPL) and Bitcoin (BTC) ecosystems.
Stating that what makes Cardano stand out are security, flexibility, scalability and strength, Hoskinson said that with features such as UTXO for security and Hydra for scalability, Cardano aims to be the only option platform for Defi in Bitcoin.
Stating that Cardano has a solid management and a deflationary model, the famous name believes that assets like ADA are becoming increasingly attractive.
Hoskinson, who stated that the integration with Cardano would contribute to the growth of Bitcoin and XRP, argued that the integration of BTC and XRP into Cardano’s privacy blockchain Midnight would contribute positively to both parties.
“Integration with Cardano could solve major problems for the Bitcoin and XRP ecosystems and increase their value. The same goes for Cardano. Integration with BTC and XRP could potentially increase Cardano TVL to four times the combined TVL of Solana and Ethereum. There is a win-win relationship here. Midnight integration makes BTC more valuable, makes XRP more valuable, makes Cardano better.”
According to DeFiLlama data, the combined TVL of Ethereum and Solana is around $72 billion, while Cardano’s TVL currently stands at around $398 million.
While it would take a massive increase for Cardano’s TVL to reach four times the combined TVL of Ethereum and Solana, Hoskinson claims that this increase can only happen through integration with the XRP and Bitcoin ecosystems.
Finally, Hoskinson, who supports XRP and Bitcoin, criticized Ethereum (ETH) and Solana (SOL). Criticizing Solana for its reliance on speed and memecoins, the Cardano founder argued that Ethereum’s model is flawed, with value moving toward faster, cheaper blockchains.
*This is not investment advice.