Charles hoskinson of cardano has just made a massively bold prediction about Bitcoin but it is my belief that Bitcoin is going to go to quarter million to half million dollars within the next 12 to 24 months because of the investment inflows and the great interest that has been achieved this will translate to an ecosystem whose value is starting to approach that of gold an asset humans have used as a store of value for over 5,000 years simply put Bitcoin is the store of value value for the internet and it will remain in that role for
the foreseeable future now that it has a defi layer cardano's market cap as a project has more than tripled over the course of the last month in that time the Ada token has gone from a low of about 32 cents to well over a dollar one of the veteran crypto projects that's been boring and disappointing for a long time is suddenly getting hot again so let's analyze cardano as a project let's also analyze Ada's tokenomics and try to extrapolate this trend see really if it's going to continue and ask that all important question whether this
is going to be an ultr profitable trend for you as an ADA [Music] investor welcome to the channel my name is Maddie and this is altcoin Buzz I wish you all the best of luck if you choose to invest whether that's into Ada if you're a big cardano fan or any of the many other alt coins that we discuss on this channel I wish you very very well just remember that I'm not a financial or investment adviser and that means by extension that this video is not official Financial or investment advice so what is going
on exactly and why is cardano now all of a sudden doing things like adding 13,000 new wallets in 24 hours uh as we looked at a moment ago well uh we have a few different variables here let's kind of dissect them uh first and foremost we have Charles hoskinson the founder of cardano he's now purportedly and by all accounts Consulting with the Trump Administration uh in terms in regards to I should say crypto policy now hoskinson himself is a controversial figure and some believe that he has kind of held back cardano's adoption given his decisions
uh that's a matter of debate uh but that's the contention of some hoskinson likes to pick fights with just about everyone and kind of enjoys playing the victim uh to people who haven't truly wronged him um that's at least some people's view I'm just kind of putting it out there but he also has his fans and there are a lot of positives uh for sure he's an inovator uh first and foremost he loves crypto genuinely and he is positioning himself and cardano to benefit hugely from the Trump Administration President elect Trump is shaping up to
be the most crypto-friendly president ever uh and that includes himself in his last presidency even Wales and institutions are getting in heavily into the action they're buying cardano and Ada based on this optimism they feel that hoskinson will position cardano to gain more than a lot of other projects out out there and he will also have a very positive influence over White House crypto policy which is valuable in and of itself one of the biggest policy proposals that President elect Trump is considering is no capital gains tax on crypto issued by us projects it's hard
to picture a scenario where we have a project whose leader is in deep helping positively influence crypto policy and then that project does not benefit from the influence that's kind of a hard scenario to picture cardano is in an amazing position right now thanks to hoskinson and in a move that's actually pretty great for the industry and very unselfish hoskinson just endorsed coinbase CEO Brian Armstrong for a role on the crypto policy team as well taken altogether these things are very bullish for crypto in the context of upcoming United States policy so far and we
have no hard evidence just yet but thanks to hoskinson and cardano working closer with Bitcoin there is reason to believe that hoskinson is also in favor of this new idea that's been floated around so regularly recently the Bitcoin strategic National Reserve we have of course Senator Lumis from Wyoming who's been an active proponent on that topic and actually we're going to be discussing more in terms of cardano and Bitcoin in just a moment but the point is there are many controversial opinions about Charles hoskinson as the leader of a project I think any great leader
is going to attract controversy in one form or another but having hoskinson with the seat at the table to really represent the industry is a net positive overall there's no other way to see it let's talk now a little bit about Bitcoin layer 2 because one thing that you may not know or remember about cardano is just how compatible it is with Bitcoin cardano is actually one of the few chains aside from Bitcoin Litecoin and all the Bitcoin Forks uh so Bitcoin cash for example cardano is one of the few chains that use the utxo
model utxo or unspent transaction outputs are where your outputs show your change so this is kind of like when you give let's say a $20 bill for something that's $12 and then you get $8 in change in return that $8 is your unspent output this is actually very different from the account model that everyone else uses all the other projects if you have 20 usdt for example on any evm network and you send $112 to someone else to pay for something you have a new account balance of $8 and the thing is there are lots
of benefits to using the utxo model but the most obvious for cardano is that it can seamlessly integrate things with Bitcoin and that's exactly what the project seems to be doing cardano will be acting as a Bitcoin layer too it'll be a smart contract layer for Bitcoin and the Bitcoin OS allows for programat ability and more between the Bitcoin and cardano chains people love this kind of integration and you're already seeing the marketing and branding of cardano as smart contracts for Bitcoin effectively or even the defi layer for Bitcoin we feel that this is a
great move for cardano and one of the explanations for its great recent performance cardano already had some positives going for it like a super high percentage of stakers of ADA and that represents of course a very loyal active Community but what it also has been is relatively isolated from other chains if we're going to be honest uh and that has hurt adoption at least in terms of growth that critique is slowly now starting to go away so this is very good to see very encouraging bitcoiners are going to find safe new and compatible ways to
use their Bitcoin and the thing is both communities should grow as a result of working together it seems the only downsides of a deal of this type are for existing Bitcoin layer 2os but then again ethereum had a ton of layer TW and there will clearly be more uh than one winner in terms of that uh land cape and that's also what could happen here with Bitcoin as well and this whole move by cardano actually helps to bring how's Bitcoin Banks idea into reality uh and is certainly moving it Forward finny's argument here Rest in
Peace by the way use the term Bitcoin banks for what we commonly call layer 2 Solutions the idea is eventually bitcoin's price will go so high and its corresponding fees will as well uh when that happens Bitcoin will only be doing very large value transfers smaller transactions will will probably no longer be worth doing ethereum's layer 2os batch many small transactions together to settle on ethereum and this is also what will happen to bitcoin with btc's price now down a little bit but which will one day inevitably hit and surpass $100,000 how finny's argument becomes
even more preent with every passing day bitcoin's layer twos like cardano will settle many smaller transactions and then use the Bitcoin Network for final settlement later and Bitcoin has the Edge over eth and evm because instead of using stable coins we're going to have the most pristine collateral in the world backing this system this altcoin Buzz spotlight video is sponsored by rootstock which started all the way back in 2018 making it the oldest Bitcoin layer 2 network but more recently in case you haven't been paying attention it's been making lots of big moves besides the
first Dow to launch on the network the rootstock collective allows Bitcoin developers to make evm compatible apps which is pretty cool and the market has noticed because rootstock now has two tokens that you can buy to support their activities the first is rbtc this is root Stock's wrapped version of Bitcoin and as a Bitcoin side chain this is a safer token than some R tokens with unknown collateral Holdings and then their native token is the RF token RF stands for root stock infrastructure framework this is a token that lets you pay or use any root
stock compatible services including accessing all the development tools to build out an app Root stock is up in excess of 80% in these last few months putting it in a position that's better than most altcoins out there in the space over the course of the last quarter and now you can check out the RF token today it is available on all major centralized exchanges and on The Sovereign decentralized exchange or decks as well now the developments that we've discussed here earlier in the video are massive uh it's why cardano and Ada are regaining people's attention
right now deservedly so but it's also important to remember that cardano still has some pretty tremendous fundamentals as well of the 35.7 billion Ada in the circulating Supply holders stake a full 22.8 billion or 63.8% of all Ada they are clearly long-term holders uh with that kind of a percentage here being reflected in fact there are so many long-term stakers that cardano has a unique fundraising mechanism it is called the ispo in an ispo stakers give up a part of their Ada rewards to fund the new token it's pretty cool actually and we covered them
extensively a couple of years ago check out this video if you've not already I'll include this uh in the description but the fact of the matter is that irrefutably in such an important uh and Ultra volatile industry like cryptocurrency cardano is a Survivor it is price performance reflects these improvements and changes cardano's amazing 30 days here have brought all holders in the last year really into profit it has grown over 200% in the last 30 days now the bare Market lows if we zoom out a little bit here we're in January of 2023 24 cents
at that time and holders since then have made over 250% Roi return on investment so right now things are looking good cardano is roaring back into the Spotlight and uh for good reason uh if you wrote it off for you know any number of variables you may want to take another look do not let this one get away uh because the fact is you may lose out and uh A's best days perhaps are ahead uh if we extrapolate and if this trend continues so realistically how high can a go this cycle a lot of people
are saying that we're going to see another 3 4X from here that'll Place us over $4 um others are saying that massively new all-time Highs are possible so $10 or even in excess of $10 that would be uh a little bit more than a 9x from here and then of course you have the full range of predictions coming out of crypto X that uh fall in between somewhere on the Spectrum about a year ago actually we said the exact same thing and predicted a new all-time high for Ada in the range of8 to $10 but
really just comes down to sentiment uh investor sentiment the health of the market um and that ultimately boils down to what everybody thinks and what you think where do you think the price of cardano and Ada is going to go be sure to let me know your think about this in the comments below
