Cardano co-founder Charles Hoskinson, who began his crypto journey with Bitcoin 15 years ago, has warned that Bitcoin’s inability to adapt could cost it its crown as the top cryptocurrency. Speaking to The Starting Block, Hoskinson described Bitcoin’s governance as “frozen in time” and argued that this rigidity is a severe liability when facing existential threats like quantum computing.
“The issue with Bitcoin is it’s frozen in time. It’s very difficult to change anything,” Hoskinson said. He contrasted this with Cardano’s formal on-chain governance, which allows the community to vote on and execute upgrades, including potential migrations to quantum-resistant cryptography. “If there needs to be a migration, we can have a vote, and then there could be an onchain function to do that.”
Hoskinson’s comments feed into a broader narrative that while Bitcoin may have first-mover advantage, its lack of a structured upgrade mechanism could prove fatal if quantum computers become capable of breaking classical encryption. He believes Cardano, often positioned as a “spiritual successor” to Bitcoin, preserves Satoshi Nakamoto’s founding principles while fixing the original protocol’s inflexibility.
On the development side, Cardano is preparing what Hoskinson calls its biggest upgrade yet, promising to make the network 60 times faster. Meanwhile, ADA’s price has been under pressure, dropping to around $0.16 amid a broader market dip. Technical analysis from More Crypto Online shows ADA holding critical support at the 78.6% Fibonacci retracement of $0.163, but with bearish wave structures pointing to further downside unless the price can break above $0.20.
The market’s reaction remains neutral; the upgrade and governance comparisons are seen as long-term narrative positives but are not yet translating into immediate price action for BTC or ADA.
