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Michael Saylor Urges Jeff Bezos to Invest $600M in Bitcoin Instead of Lavish Wedding

Albert Brown
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Michael Saylor Urges Jeff Bezos to Invest $600M in Bitcoin Instead of Lavish Wedding

Michael Saylor, chairman of MicroStrategy, has intensified his advocacy for Bitcoin adoption among leading global corporations, now taking it to Amazon boss Jeff Bezos.

In a recent post on X, Saylor directly suggested that Jeff Bezos, Amazon’s founder, should consider Bitcoin a significant investment. Saylor’s recommendation comes as Bezos reportedly prepares for a $600 million wedding celebration.

Meanwhile, Saylor urged Bezoz instead to leverage the $600 million sum for Bitcoin acquisition. “$600M would buy a lot of Bitcoin,” he said.

Reports indicate that Jeff Bezos is set to wed Lauren Sanchez on December 28 in Aspen, Colorado. According to the report, the event will feature extravagant arrangements, including the acquisition of a high-end sushi restaurant with seating for up to 180 guests. Furthermore, multiple luxurious mansions have been rented to host the event’s attendees. 

However, Bezos has denied reports about the million-dollar celebration, calling the claims “completely false” and cautioning against believing everything seen in the media.

Amazon Discussing Bitcoin Adoption

Meanwhile, Saylor’s proposal for Bitcoin acquisition coincides with growing momentum among Amazon’s stakeholders to explore Bitcoin adoption. The National Center for Public Policy Research (NCPPR), a U.S.-based think tank, has recently encouraged Amazon to examine Bitcoin’s integration into its financial operations. 

This initiative will culminate in a shareholder vote during Amazon’s annual meeting in April, where the inclusion of Bitcoin on the company’s balance sheet will be a key agenda item. 

Saylor Pushes Bitcoin to Microsoft Board

While pushing for Bitcoin adoption at Amazon, Saylor has also been actively advocating for other tech giants. On December 1, he made a Bitcoin presentation to Microsoft’s board of directors. Saylor argued that Bitcoin could revolutionize capital preservation and productivity, framing it as essential for the company’s long-term growth.

He also highlighted Bitcoin’s capacity to mitigate traditional capital risks, positioning it as a superior form of digital capital.

Moreover, Saylor proposed that Bitcoin’s adoption could provide companies like Microsoft with an alternative to traditional financial strategies, such as stock buybacks.

By leveraging Bitcoin, he argued, corporations could achieve higher returns, bolster shareholder confidence, and reduce counterparty risks, aligning with global trends of using Bitcoin as a hedge against economic instability.

However, Microsoft’s shareholders turned down the proposal, recommending against it, citing volatility problems.

Expert Says Ignoring XRP This Bull Run Could Be One of the Biggest Mistakes, Cites Probable $1T Market Cap

Abdulkarim Abdulwahab
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Expert Says Ignoring XRP This Bull Run Could Be One of the Biggest Mistakes, Cites Probable $1T Market Cap

A notable market commentator warns that failing to hold XRP during this bull run could be one of the biggest mistakes for any investor.

In a post on X, “Crypto Vilian,” a Cambridge graduate and market chartist, analyzed XRP’s historical price chart. He drew parallels between its current market structure and the pattern from late 2017.

The chart highlights a sequence of phases: a steep bearish decline, a recovery phase, and a consolidation period, followed by a significant breakout to the upside.

During the 2017 rally, this breakout led to a brief consolidation before XRP’s explosive move to an all-time high.

According to the chart, XRP appears to be replicating this pattern over the past seven years. The token recently broke out of a prolonged bearish trend and entered a recovery and consolidation phase, culminating in a major breakout last month.

Moreover, the current ranging pattern aligns with the historical trajectory, suggesting that XRP could be on the verge of another explosive move—potentially reaching new all-time highs akin to the 2017/2018 surge.

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XRP chart by Crypto Vilian

Notably, Crypto Vilian’s chart suggests that XRP could surpass a $1 trillion market cap in this cycle should the explosive surge occur. This would equate to a price above $17 for XRP.

Not Holding XRP Could Be One of the Biggest Mistakes

This observation has caught the attention of many in the crypto community. Xoom, a notable market commentator with 14.8K followers on X, remarked that failing to include XRP in one’s portfolio during this bull run could be one of the biggest mistakes by an investor.

XRP has been trading at a discount for the past few days amid the ongoing broader market downturn led by Bitcoin. At a market price of $2.20, XRP has shed approximately 9% of its value over the past week.

Considering that it traded at a seven-year high of $2.90 precisely three weeks ago, the asset is currently trading at a 24% discount from this peak.

Now, as market participants await a rebound from the multiple weeks of consolidation, analysts are calling attention to promising signs on XRP’s chart, ones that preceded explosive price gains for the asset.

Caution for XRP Holders Targeting to Sell at the Top

While Crypto Vilian’s chart presents a promising outlook, he has cautioned that reaching the trillion-dollar threshold will depend on Bitcoin’s performance. Specifically, an upward trend could benefit altcoins, while a decline may negatively affect the outlook.

He also clarified that his chart aims not to predict price targets but to illustrate price behavior. Regarding potential targets, he noted technical price levels between $8 and $13.

In his view, if XRP breaks through that range, it could theoretically experience a 2x-3x increase, potentially reaching the technical target for the contracting triangle Elliott wave pattern. However, this would imply a nearly 100x gain from the lows of $0.30.

Accordingly, Crypto Vilian emphasized that he hopes XRP holders are not waiting to sell at the exact top. He advocates taking profits at key targets along the way up. “After all, no one went broke taking profits early,” he said.

Cardano Price Analysis: Will ADA Reclaim $1 After a Bearish Weekend?

Albert Brown
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Cardano Price Analysis: Will ADA Reclaim $1 After a Bearish Weekend?

With the Cardano price trend turning bearish over the past week, will buyers defend the $0.90 level for a potential recovery in the days ahead?

Amid the broader market correction, altcoins have experienced significant losses. Cardano has seen a substantial drop during this correction phase, losing the critical $1 psychological level.

Will increased speculation in the market lead to a rapid decline in Cardano prices, or is a bullish reversal possible?

Cardano Price Analysis

Currently, Cardano is trading at $0.90, with an intraday gain of 1.93%. This recovery comes after a bearish weekend, during which the price dropped 4.84% on Saturday, followed by a 3.32% decline on Sunday.

At present, ADA struggles to maintain levels above the 50-day EMA line, encountering lower price rejections at the $0.85 psychological level. The 24-hour low remains at $0.86, while the crucial support, the center pivot line, is at $0.851.

Cardano Price chart
Cardano Price Chart

With an intraday recovery, ADA is showing potential for a bounce back to an overhead resistance trendline, forming a falling wedge pattern. The Cardano price trend continues to hover above this critical level with lower price rejections from the center pivot line.

This increases the likelihood of the altcoin reclaiming the $1 psychological level if the broader market recovers. Based on the current price action, the overhead resistance trendline aligns with the $1 mark, which could act as a key resistance level.

In the event of a breakout rally, the Cardano price could target the $1.239 resistance level. On the other hand, the $0.85 support, combined with the local trendline, serves as a bullish floor.

In the case of a bearish outcome, a breakdown could see the price retest the 100-day EMA line at $0.727, implying a downside risk of nearly 20%.

Analyst Remains Optimistic, Targets $6

Despite the short-term risk, independent analyst Ali Martinez has highlighted the possibility of Cardano reaching the $6 mark.

However, in his tweet, he pointed out the likelihood of a major correction similar to the price action seen in 2020.

Drawing a parallel to the 2020 bull run, Martinez believes that Cardano’s price will likely undergo a significant correction following the current rally, much like what occurred during the previous cycle.

With an optimistic price target of $6, he suggests that the ongoing correction could present a lucrative buy-the-dip opportunity for Cardano supporters.

Ethereum Bulls Hold 100-Day EMA: Is ETH Ready to Explode?

Albert Brown
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Ethereum Bulls Hold 100-Day EMA: Is ETH Ready to Explode?

Despite Ethereum being down by 17% over the past week, buyers hope for a bounce back from the 100-day EMA. 

Ethereum bulls are losing momentum, with ETH’s price nearing the $3,000 psychological level. A bearish week saw its market cap fall below $400 billion, and Ethereum is struggling to make a comeback.

As bulls hold steady at the key $3,000 mark, will a broader market recovery propel Ethereum to $4,000?

Ethereum Price Analysis

Ethereum’s price action on the daily chart shows bullish support above the 100-day EMA line. Currently, ETH is trading at $3,295, with an intraday gain of 0.52%. This represents a minor recovery after a bearish weekend.

Ethereum Price Chart
Ethereum Price Chart

On Saturday, December 21, ETH dropped by 3.84%, creating a bearish engulfing candle, followed by a 1.75% drop on Sunday. Now, the price sustaining above the 100-day EMA line currently creates a doji candle, with ETH struggling to surpass the $3,300 level.

Using Fibonacci levels, the price is encountering rejection near the 61.80% Fibonacci retracement at $3,180.

With multiple support factors converging, the current doji candle increases the chances of recovery. However, the daily RSI is approaching the oversold boundary, reflecting rising selling pressure. This could require some minor consolidation before a trend reversal.

Ethereum ETFs End The Bullish Streak

Last week, ETH formed a massive bearish engulfing candle, dropping 17.16%. This took the price from a recent swing high of $4,109 to a weekly low of $3,095.

Amid the bearish pullback, institutional support waned, with Ethereum ETF outflows reaching $60.47 million on December 12. Meanwhile, inflows were recorded for subsequent days. However, on Friday, U.S. spot Ethereum ETFs closed the week with a negative flow of $75.12 million.

Despite this, the overall sentiment remained bullish, with a net inflow of $62.73 million for last week. This marked Ethereum’s fourth consecutive bullish week, though it ended a daily streak of 18 consecutive days of inflows.

Ethereum Spot ETFs
Ethereum Spot ETFs

Ethereum Price Targets

Should the demand for ETH resurface with Bitcoin regaining bullish momentum, ETH price could bounce back. Based on the Fibonacci retracement tool, ETH’s immediate price target is $3,553 and the $4,000 psychological mark. Meanwhile, the solid support remains at $3,180.

Beyond this, the dynamic 200-day EMA at $3,944 aligns with the $3,000 psychological mark. The growing number of support factors suggests that ETH could sustain upward momentum this week.

Here Are 21 Altcoins Below $1 Like Shiba Inu That May Explode in 2025, According to Expert

Abdulkarim Abdulwahab
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Here Are 21 Altcoins Below $1 Like Shiba Inu That May Explode in 2025, According to Expert

In a recent video, Aaron Arnold, host of the popular YouTube channel Altcoin Daily, shared his top picks for altcoins below $1 that he believes have massive potential to skyrocket in 2025.

Arnold, a seasoned crypto investor, highlighted several promising projects that could make significant gains as the bull market expands by next year. Notably, the 21 coins span various sectors, including utility tokens, meme coins, AI projects, and emerging technologies.

Kaspa (KAS)

Aaron Arnold kicked off his list with Kaspa (KAS), an altcoin that stands out as one of the few proof-of-work coins today. Kaspa’s unique selling points lie in its scalability, speed, and decentralization. Arnold believes these qualities could propel KAS to new heights in this bull market.

Shiba Inu (SHIB)

Notably, Shiba Inu (SHIB) secured a prominent position on Arnold’s list of 2025’s promising tokens. He highlighted how Shiba Inu took the crypto world by storm in 2021 with astonishing price gains.

Arnold predicts that Shiba Inu is preparing for its second bull run, citing a recent partnership with Chainlink and other ongoing developments. With meme coins regaining popularity, Arnold expects Shiba Inu to become a major player again in 2025.

Other Established Tokens to Watch

Under this section, Cardano (ADA) topped the list. Arnold noted that despite the FUD surrounding Cardano, he firmly believes that ADA will not stay under a dollar for much longer. As one of the most decentralized projects in the space, Arnold sees Cardano as a key player in the long-term evolution of the crypto market.

Next, VeChain (VET), focusing on sustainable blockchain solutions, is another altcoin Arnold believes will perform well in 2025. The recent approval of a major patent has triggered renewed interest in VeChain, and Arnold sees it as a key project to watch.

Furthermore, Cronos (CRO), the native token of Crypto.com, made Arnold’s list due to its strong performance in the last cycle. The recent private meeting between Crypto.com’s CEO and former President Donald Trump has raised eyebrows. Arnold believes CRO will continue to grow as a result.

Additionally, Arnold highlighted the potential of Algorand (ALGO), citing that it is designed to be quantum-resistant. With cutting-edge technology, Arnold believes Algorand could eventually rival major players like Cardano.

TRON (TRX) rounds out Arnold’s list in the established token section. While TRON was once a controversial project, Arnold now views it as a mainstay in the DeFi and stablecoin spaces. He cited improved tokenomics and a bullish chart, predicting TRON could see significant price appreciation by 2025.

Meme Coins to Watch

Aside from Shiba Inu and Dogecoin, Foxy, the unofficial meme coin of MetaMask, is another meme coin Arnold sees gaining traction.

Arnold also pointed out Bells, a meme coin with ties to Dogecoin. He believes that the untold story and strong industry backing, including support from the Dogecoin founder, make Bells a hidden gem with massive potential.

Medusa, the first meme coin launched on the Meus ecosystem, was another exciting early-stage project Arnold mentioned.

Top AI Coins

Next on Arnold’s list is Aethir, a project focused on decentralized cloud computing. According to Arnold, Aethir could become a major player in the growing AI space, providing secure and cost-effective access to high-performance GPUs.

He also highlighted AI16Z, a token that powers a venture capital firm driven by AI agents. The firm autonomously makes investment decisions in the crypto space, including meme coins and other high-risk assets. It bears mentioning that ai16z is not affiliated with the leading venture capital firm a16z (Andreessen Horowitz).

Another AI-focused project on Arnold’s list is Humans.ai and its HEART token. Arnold believes Humans.ai will revolutionize the way AI interacts with humans.

Other Emerging Coins to Watch for 2025

Arnold also recommended SwissBorg, a cryptocurrency exchange outside of the U.S., with a token called BORG. Another standout project is Xborg, a player identity protocol for the gaming world. 

Meanwhile, Arnold recommended Research Coin (RSC) for those interested in niche sectors. This project focuses on using crypto to advance scientific research, aiming to make research more open source.

Additionally, Arnold mentioned Supra, which he sees as a potential rival to Solana and Sui. Other promising projects on Arnold’s list include Coti, PAID Token, Biconomy (BICO), and LimeWire (LIME).

Conclusion

Aaron Arnold’s picks for altcoins under $1 represent a mix of projects across various sectors of the crypto industry, including AI, gaming, meme coins, and blockchain scalability. According to Arnold, buying these coins is like buying Ethereum at $1—offering the potential for massive returns in 2025.

Donald Trump Congratulates Bitcoiners On Latest Surge to a New All-Time High of $108,000

Elendu Benedict
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Donald Trump Congratulates Bitcoiners On Latest Surge to a New All-Time High of $108,000

Pro-crypto US President-elect Donald Trump congratulates Bitcoin enthusiasts on the asset’s latest milestone, after a break to an all-time high of $108,000.

Trump again showed his commitment to the cryptocurrency industry following a mention in a recent public appearance. He congratulated the crypto community on Bitcoin’s recent milestone, as the premier asset surged to a new all-time high of $108,000 last week.

US President-elect Lauds Bitcoin’s New Price Milestone

Trump made congratulatory remarks at a rally at the Turning Point event in Phoenix, Arizona, on Sunday. Notably, the elated crowd met his comments with cheers and applause, appreciating the president’s role in the staggering Bitcoin milestone.

The 47th US President mentioned the asset as one of the sectors that has benefited immensely from his victory in the November 5 elections. He then congratulated Bitcoin holders on the notable milestone.

Meanwhile, Trump seems to be keeping up with the latest developments in the crypto industry. He also congratulated Bitcoiners after the pioneering cryptocurrency broke the $100,000 psychological price mark in early December.

Nonetheless, Trump is already looking to keep his promises to the industry. He plans to replace SEC chair Gary Gensler with a more friendly option, Paul Atkins, and remains keen on ensuring the industry thrives in the US.

Bitcoin Records First Notable Weekly Loss Under Trump

Notably, the congratulatory remarks preceded the worst weekly closing for Bitcoin in over six weeks. The premier asset recorded an 8.52% correction the previous week, dropping considerably from its opening price of $104,197 to close at $95,303.

Before the weekly loss, bullish sentiments from Trump’s win engulfed Bitcoin, catalyzing an over 43% upsurge from the mid-$60,000s to six figures. The Bitcoin exchange-traded funds (ETFs) saw a similar demand, accruing a record single-day inflow of $1.37 billion during the run.

Meanwhile, analysts have pegged the latest Bitcoin drawdown to a hawkish update from the Federal Reserve System’s chair, Jerome Powell. In the latest FOMC meeting, he noted that the agency will cut interest rates on two of a possible five windows amidst economic uncertainties.

At press time, Bitcoin trades at $96,023, up less than 1% in the past day.

Bitcoin Struggles Below $100K: Will Bears Push BTC to $90K?

Albert Brown
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Will Bitcoin (BTC) avoid a crash to $90k this week as the institutions hold the balance?

Bitcoin remains below the $100,000 level and struggles to sustain a position above the $95,000 support level. With a bearish closing on Sunday, the intraday uncertainty in Bitcoin might lead to a bearish conclusion if the institutional support fails to resurface. 

Will Bitcoin manage to create a morning star pattern for a bounce back this week? Or is a downfall to the $90,000 support level inevitable?

Bitcoin Price Analysis

With a 2.17% drop on Sunday, Bitcoin concluded the last week on a bearish note. Starting from the quick reversal from its recent all-time high of $108,364, BTC’s price dropped nearly 9% last week. 

This resulted in a massive bearish engulfing candle, undermining the recovery run over the past two weeks. BTC’s price has created a low of $92,118, testing the 50-day EMA line. 

Bitcoin Price Chart
Bitcoin Price Chart

Currently, BTC sustains above the $94,000 support level, avoiding a bearish closing below it. At press time, BTC is trading at a price of $94,884, with a minor growth of 0.33%. 

Creating a doji candle at a crucial support level increases BTC’s chances of a comeback. The potential turnaround moments could create a morning star pattern with a recovery on Tuesday. 

However, the RSI line dropping under the halfway level warns of an underlying weakness. 

Bitcoin ETFs Marks Third Positive Week

During the bearish week, institutional support witnessed a gradual turnaround, reflecting increased volatility. Starting on December 12, the U.S. spot Bitcoin ETF registered a massive inflow of $636 million. 

Following a bullish trend, the ETFs accumulated $493.95 million and $275.39 million in subsequent days. However, with the largest-ever outflow of $680 million on Thursday, institutional support took a quick hit. 

Bitcoin ETFs
Bitcoin ETFs

By the end of the bearish week, institutional demand for U.S. Bitcoin ETFs had failed to recover but limited the outflow to $276.93 million. Overall, the past week remained bullish, with a net inflow of $449.25 million, marking its third positive week.

However, the $680 million outflow on Thursday ended a 15-day streak of positive inflows. Surprisingly, the bearish trend in U.S. spot ETFs has not lasted more than three days since December 9. Therefore, a potential resurgence in institutional support is likely this week.

Bitcoin Price Targets

As of press time, the Bitcoin trend is at a critical juncture near the $94,400 support level. The intraday Doji candle reflects uncertainty in the price trend.

However, the bearish influence from last week’s pullback suggests the potential for a breakdown. A bearish close below the $94,000 support level will likely test the dynamic 50-day EMA at $92,514. Price action indicates a possible retest of the $90,742 support level.

If institutional support resurfaces today, the intraday Doji candle could boost the chances of a bullish continuation tomorrow. This would form a morning star pattern and increase the likelihood of BTC testing the immediate resistance at $102,557.

Dogecoin Set to Rally to $18 Despite 46% Drop? Here’s How History Suggests So

Okoya David
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Dogecoin Set to Rally to $18 Despite 46% Drop? Here’s How History Suggests So

A prominent market analyst sees Dogecoin surging to a two-digit price, highlighting patterns from the 2017 and 2021 market cycles.

Buoyed by overwhelmingly positive crypto market sentiment, leading meme coin Dogecoin (DOGE) has had a substantially positive year with triple digital percentage price gains.

While this rally has slowed in the past few days amid broader market volatility sparked by statements from the Federal Reserve Chair Jerome Powell, history suggests it may just be par for the course of a significantly parabolic run, which still has lots of room to the upside.

The Beginning of the Road to $18?

Prominent crypto analyst Ali Martinez has highlighted that Dogecoin may be on the cusp of a parabolic rally despite its recent run. The analyst shared this view in a Monday, December 23 X post, citing the doggy-themed meme coin’s price actions in 2017 and 2021.

As highlighted by the analyst, in both instances, the asset had launched more substantial gains after first posting earlier rallies and correcting by around 50%. In 2017, it was a 212% gain followed by a 40% correction and then a 5,000% rally to a peak of $0.01857. In 2021, it was a 476% gain, followed by a 56% correction and then a 12,000% surge to its current all-time high near the $0.74 price point.

The analyst has suggested that the asset could replicate these moves after its recent 46% price correction from highs around $0.48434 to lows around $0.26216, following over 400% year-to-date (YTD) gains.

The historical pattern is displayed on the meme coin’s price chart as an ascending channel on the weekly timeframe, with the analyst suggesting a target near the $18 price point. The target represents an over 5,600% upside from current prices around the $0.31355 price point.

Ali Martinez's analysis of Dogecoin/USD weekly candle chart
Ali Martinez’s analysis of Dogecoin/USD weekly candle chart. Source: Ali Martinez

Still, parabolic rallies like these rarely happen without big catalysts. In the case of DOGE, investors may want to keep an eye on the meme coin’s long-time supporter Elon Musk and his ties to the Donald Trump-created Department of Government Efficiency, playfully nicknamed D.O.G.E by the billionaire.

On a broader scale, the anticipated pro-crypto leanings of the Donald Trump administration and continued global quantitative easing may also provide tailwinds for Dogecoin’s price.

Meanwhile, Martinez is not the only analyst who has highlighted the possibility of an imminent parabolic Dogecoin rally in recent weeks.

Last week, Dima James Potts contended that DOGE could rally to the $10 price point in 2025, citing the meme coin’s four-year cycle pattern. Just days before Potts shared his analysis, “Trader Tardigrade” set an even more ambitious target of $30.

Bitcoin, XRP, and Ethereum See Massive Two-Year Growth in Non-Empty Wallets

Albert Brown
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Bitcoin, XRP, and Ethereum See Massive Two-Year Growth in Non-Empty Wallets

Crypto wallets for Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and XRP have experienced impressive growth over the past two years.

A recent report by Santiment, the market intelligence platform, examines the evolving patterns of non-empty wallets for BTC, ETH, USDT, and XRP, revealing substantial increases in wallet holders over the past two years. However, the top cap cryptocurrencies saw price declines in the past week following federal reserves’ recent comments.

Over the past week, Bitcoin saw an 8.1% decline in price. Ethereum fell by 15.7%, although it has started to recover. XRP also saw a 7.8% pullback in the past seven days and a 2.3% decline in the past 24 hours.

Ethereum Leads in Wallet Growth

Per Santiment, Ethereum wallets experienced the most substantial absolute increase among the four top assets. Wallet numbers climbed 47% over two years, totaling 134.93 million. 

Further insights into investor behavior reveal a steady rise in long-term holders, categorized as Hodlers, who retain assets for over a year. Hodler addresses increased by 1.57%, showcasing sustained accumulation among these investors. Mid-term holders, or Cruisers, grew by 0.97%, while short-term traders saw a 21.78% rise.

XRP Wallets See Parabolic Growth

Over the past two years, the number of non-empty XRP wallets has risen by 28%, reaching 5.75 million. The wallets demonstrated remarkable growth, particularly from October 18, 2024.

This coincides with XRP’s price action in this last quarter, where a notable uptrend picked momentum from mid-October.

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Meanwhile, the price and wallet count increase corresponds with XRP’s development activity. Notable activity spikes occurred from late November, pushing development metrics to 25.57 as of this report.

Bitcoin and Tether Wallet Activity

Meanwhile, Santiment analysis revealed that Bitcoin wallet holders reached 54.66 million, a 27% increase over two years.

A separate observation tracking exchange inflows reveals a 4.1% 24-hour rise and a 38.9% weekly jump, suggesting increased market activity in the shorter term. 

Bitcoin Inflow Volume
Bitcoin Inflow Volume

Notably, per a December 11 report by The Crypto Basic, whales took advantage of price dips and created 342 new wallets holding over 100 BTC. Specifically, this occurred during the flash crash from $104,000 to $94,000.

It is worth noting that Tether wallets experienced the highest percentage growth among the top four assets. The number of wallets surged by 66%, reaching 6.57 million.

How Hoskinson Thinks Cardano is Similar To Bitcoin and XRP

Albert Brown
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How Hoskinson Thinks Cardano is Similar To Bitcoin and XRP

Cardano founder Charles Hoskinson insists Cardano shares a similarity with XRP and the pioneering blockchain network Bitcoin.

Bitcoin, Cardano, and the XRP Ledger are undoubtedly among the leading Layer 1 blockchains in crypto, but beyond that, it can be hard to discern similarities between the three projects. Recently, however, Cardano founder Charles Hoskinson suggested that there is at least one.

Bright Futures

Charles Hoskinson has asserted that Bitcoin, Cardano, and XRP have bright futures. The Cardano founder expressed this view in a Sunday, December 22 broadcast, contending that the ecosystems around these blockchains are strong because they have overcome several hurdles and challenges.

He stressed that projects that got big without being tested often collapse when they face these tests, citing Terra (LUNA) and FTX as prime examples.

Hoskinson’s statements in the Sunday broadcast came as he addressed infighting in the Cardano community between Input Output Hong Kong, the primary development firm behind the network, and the Cardano Foundation, a Swiss-based nonprofit tasked with promoting widespread adoption of the blockchain, that has recently come to the fore as the network pursues community governance.

During the recent broadcast, he described the public quarrels as a “necessary evil” and an integral part of any transparent, decentralized process, especially when the community has not had the chance to interact like this in years.

However, he contended that squabbles like these are often followed by progress as people find common ground and set basic principles. He stressed that Cardano’s ability to handle hurdles like these is what made it strong.

Responding directly to sentiments from influential community member Rick McCracken, he dismissed claims that recent squabbles could affect Cardano’s ability to enter and maintain external partnerships.

Cardano in a Good Place?

According to Charles Hoskinson, Cardano is seeing more partnership opportunities than ever, specifically citing the network’s recent partnership with Bitcoin smart contract and interoperability solution provider, BitcoinOS, to unlock Bitcoin liquidity on the Cardano network.

Beyond this example, Hoskinson stressed that in 2025, the network was committed to putting itself out there. He noted that the blockchain would be participating in leading crypto conferences like Bitcoin 2025, Token 2049, Paris Blockchain Week and Consensus 2025.

“Cardano will be there loud and proud,” he asserted.

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