--- title: "Cahrles Hoskinson Returns, Says Cardano Will Beat Bitcoin: Why Is ADA Going Down?" type: "News" locale: "en" url: "https://longbridge.com/en/news/289328504.md" description: "Cardano founder Charles Hoskinson argues Cardano will surpass Bitcoin by solving the global trust crisis through 'verifiable reflexivity' and its Ouroboros protocol, targeting a $300 billion market. Despite these claims, ADA price dropped 4%, breaking below the $0.20 support level. Technical indicators show oversold conditions, with potential downside targets at $0.15 or $0.10 if support fails." datetime: "2026-06-10T12:25:28.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289328504.md) - [en](https://longbridge.com/en/news/289328504.md) - [zh-HK](https://longbridge.com/zh-HK/news/289328504.md) generator: "portal-rs" --- # Cahrles Hoskinson Returns, Says Cardano Will Beat Bitcoin: Why Is ADA Going Down? **Cardano** (CRYPTO: ADA) founder **Charles Hoskinson** returned Tuesday with an hour-long video, arguing Cardano is the only blockchain that can solve the global trust crisis and will eventually surpass **Bitcoin** (CRYPTO: BTC). ### Hoskinson Says Cardano Solved What Bitcoin And Ethereum Could Not Hoskinson’s core argument centers on what he calls verifiable reflexivity, the ability for any transaction to carry its own proof of correctness without relying on trusted third parties.  He argued Bitcoin handles only payments and cannot embed smart contracts or zero knowledge proofs at scale, while **Ethereum** (CRYPTO: ETH) lacks the accounting model needed for true local-to-global determinism. Cardano’s solution rests on pillars he says no competitor has combined. The Ouroboros protocol achieves throughput, security, and decentralization simultaneously, growing more decentralized as it scales.  “There is no cryptocurrency right now that has these properties,” Hoskinson stated. “It’s just a fact.” ### The Market Hoskinson Is Targeting Is Worth $300 Billion Per Year Hoskinson argued the addressable market is not speculative. The cost of trust infrastructure in the Western financial system alone, covering auditing, post-trade reconciliation, custody, regulatory compliance, and trade finance, runs between $120 billion and $160 billion annually.  Expanding that to all global commercial transactions pushes the value into the trillions. ### ADA Breaks Multi-Year Support At $0.20 With No Floor Until $0.10 ADA is down 4%, after breaking below the $0.20 horizontal support that held since the 2022 bear market lows.  Weekly RSI at 27.03 sits deep in oversold territory with no divergence signal yet. The full EMA stack overhead sits between $0.2003 and $0.3275. A weekly close reclaiming $0.20 targets $0.2274 to $0.2551. Losing $0.1500 opens the Bollinger Band lower at $0.1404 and then open air toward $0.10. *Image: Shutterstock* ### Related Stocks - [BTC.US](https://longbridge.com/en/quote/BTC.US.md) - [GBTC.US](https://longbridge.com/en/quote/GBTC.US.md) - [ARKB.US](https://longbridge.com/en/quote/ARKB.US.md) - [BTCO.US](https://longbridge.com/en/quote/BTCO.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [CRDD.US](https://longbridge.com/en/quote/CRDD.US.md) - [BITB.US](https://longbridge.com/en/quote/BITB.US.md) - [CRDX.US](https://longbridge.com/en/quote/CRDX.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [BTCE.DE](https://longbridge.com/en/quote/BTCE.DE.md) - [03008.HK](https://longbridge.com/en/quote/03008.HK.md) - [03042.HK](https://longbridge.com/en/quote/03042.HK.md) - [03430.HK](https://longbridge.com/en/quote/03430.HK.md) ## Related News & Research - [GoMining Launches Instant Funds for Digital Bitcoin Miner Holders](https://longbridge.com/en/news/297160037.md) - [Crypto slump, AI boom overshadow CZ’s bullish pitch at Hong Kong’s Bitcoin Asia](https://longbridge.com/en/news/297191248.md) - [Binance Founder CZ Says His X Follower Count Has Been a 'Consistent Early Indicator’ of Crypto Cycles](https://longbridge.com/en/news/297631208.md) - [Canaan to Exhibit at Bitcoin Asia Conference](https://longbridge.com/en/news/297001945.md) - [Capital B Raises €21 Million to Accelerate Bitcoin Treasury Strategy](https://longbridge.com/en/news/297279683.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**