Over the past 10 years, Bitcoin has shown the best growth dynamics among all types of assets, and Charles Hoskinson says over 100 companies plan to switch from ETH to Cardano
Over the past 10 years, Bitcoin has shown the best growth dynamics among all types of assets
Charlie Bilello, the founder of Compound Capital Advisors, is confident that over the past 10 years, the main cryptocurrency has demonstrated the best price dynamics compared to other types of assets. The entrepreneur posted on his Twitter page information that BTC has grown by 20,037,142% over the past decade.
Messari researcher Roberto Talamas also drew attention to information published by Bilello. He noted that the average annual return on bitcoin is 230%. This is 10 times higher than the second-ranked asset.
The second place in the Charlie Bilello rating went to the Nasdaq 100 Index with an annual return of 20%. It is followed by Large Caps — shares of US companies with a market capitalization of over $10 billion, with an average annual return of 14%.
Charles Hoskinson says over 100 companies plan to switch from ETH to Cardano
IOHK CEO Charles Hoskinson said more than 100 companies are in the process of switching from Ethereum to Cardano. This will happen when the functionality of the network “reaches a high level”, he said. This statement raised doubts among some crypto market players.
“I am not aware of a single popular application deployed on Cardano, nor have I seen any enthusiasm for the platform among developers,” said Nic Carter, co-founder of Castle Island Ventures and CoinMetrics.
However, Hopkins is confident about the future of Cardano. He suggested that businesses “take your DeFi and you can run it on my system for 1/100 to 1/1000 of the cost.” It was previously announced that SingularityNET is “seriously discussing” migrating to Cardano.