LIVE🚨 **Cardano Founder: Crypto Industry Has Moved Beyond Bitcoin (BTC)!** 🚨
Charles Hoskinson, founder of popular altcoin Cardano (ADA), has made bold statements about Bitcoin's relevance in the modern crypto industry:
**🔍 Key Points:**
- **Bitcoin Criticism**: Hoskinson likened Bitcoin to a religious symbol, suggesting it's no longer essential for the crypto industry's survival.
- **Adaptability Issues**: He criticized Bitcoin's lack of adaptability and over-reliance on the Proof-of-Work (PoW) algorithm.
- **Religious Devotion**: Hoskinson stated that Bitcoin supporters are unable to accept "objective reality" and view Bitcoin as a deflationary monetary policy symbol.
**🌀 Cardano's Edge:**
- **Proof-of-Stake (PoS)**: Unlike Bitcoin, Cardano operates on a PoS consensus algorithm.
- **Purpose-Driven**: Cardano aims to solve scalability and sustainability issues in the blockchain ecosystem.
**🗣️ Hoskinson's Remarks:**
- "The industry no longer needs Bitcoin to survive."
- He has also criticized US President Joe Biden's administration for efforts to undermine the crypto industry in the US.
**💰 Market Update:**
- **Cardano (ADA)**: Trading at $0.462 at the time of writing, with no significant changes in price today.
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