Cardano founder Charles Hoskinson has asserted that both Cardano (ADA) and Bitcoin (BTC) should be considered “sound money,” emphasizing their shared foundation in decentralization, scarcity, and security. Speaking at a recent event, Hoskinson highlighted Bitcoin’s role as a pioneer in digital currency while positioning Cardano as an evolution, offering sustainability, scalability, and smart contract functionality. He argued that ADA’s proof-of-stake model addresses Bitcoin’s energy concerns without compromising decentralization. The statement sparked debate, with critics questioning ADA’s adoption compared to Bitcoin’s dominance. Supporters, however, see Hoskinson’s remarks as reinforcing Cardano’s mission to compete as a global financial settlement layer.