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ADA 
BTC Cardano founder Charles Hoskinson expressed optimism about the long-term prospects of the cryptocurrency market and pointed out that the ADA ecosystem can create a differentiated advantage from competitors with the help of Bitcoin DeFi and its partner chain model.
Hoskinson said that one of Cardano's most significant advantages is its ability to represent Bitcoin on the network in a trust-free and tax-neutral manner, without relying on escrow services. He pointed out that Bitcoin's UTXO model can be migrated to Cardano's EUTXO structure, and believed that through the Midnight network, Bitcoin private lending and decentralized financial applications can also be developed.
According to the Cardano founder, these features could give the ADA ecosystem a significant competitive advantage in the bitcoin-based DeFi space.
Hoskinson also said that the partner chain model will become one of Cardano's biggest growth areas in the long term. He pointed out that Midnight adds significant value to the Cardano ecosystem, and that the success of the NIGHT token may pave the way for a new partner chain.
Hoskinson mentioned that the launch of the new partner chain may bring new airdrop opportunities to ADA holders and believes that this model can directly benefit Cardano users.
Hoskinson said that innovation in the crypto space is not limited to a few large projects, and many important ideas originate from projects that are ranked in the top 50, 100 or 200 by market value. He cited NEAR founder Illia Polosukhin's work on chain abstraction, Algorand founder Silvio Micali, and Tezos founder Arthur Breitman as examples to emphasize their pioneering role in the development of the industry.
Hoskinson pointed out that he is generally optimistic about the future of the cryptocurrency market, but that the CLARITY Act being discussed in the United States is crucial. He mentioned that if the bill is passed, a large amount of money may flow into the field, and the market may experience a temporary recovery in the short term.
Hoskinson believes that the cryptocurrency market will hit a record high again, noting that the current total market value is down by about 50% from its peak of US$4.4 trillion. He said current levels are at higher lows than previous cycles and there are many potential catalysts that could inject $10 trillion or more in new capital into the market.
* This content does not constitute investment advice.
