Bitcoin enthusiast Max Keiser predicts Cardano (ADA) will lose 90% of its value against Bitcoin over the next six months. This bold statement has ignited debate among crypto experts.
In response, Bill Morgan, another popular figure in the crypto space, dismissed the notion that this scenario validates Bitcoin’s superiority. He argued that even a substantial drop in ADA’s value relative to Bitcoin wouldn’t necessarily make Bitcoin “great” in comparison.
Even if that were true it doesn’t mean Bitcoin is great. https://t.co/m3284rHyyp
— bill morgan (@Belisarius2020) October 6, 2024
While Keiser has not yet responded to Morgan, this exchange has fueled discussion within the crypto community, especially as ADA’s price continues to fluctuate.
At the time of writing, Cardano is valued at $0.00000566. ADA has been under pressure in recent months, reflecting broader market trends. Given Keiser’s bearish outlook and the mixed reactions from crypto analysts, many wonder if ADA can recover or if Bitcoin’s dominance will push the altcoin lower.
Cardano’s New Roadmap: Can It Save the Day?
Despite the price fluctuations, Cardano founder Charles Hoskinson remains optimistic and is preparing to unveil a new roadmap at the Cardano Summit in Buenos Aires, Argentina. He believes the upcoming roadmap will set Cardano apart from other blockchains. He stated:
“For those wondering, Cardano is still number 1. It’s not even close to decentralized governance and all the amazing roadmap items coming.”
That said, Keiser’s prediction has raised concerns among investors and sparked debate in the crypto community.
While some interpret this as a sign of Bitcoin’s rising dominance, others, like Morgan, argue that ADA’s potential decline does not reflect Bitcoin’s strength. As ADA faces continued pressure, the next few months will be critical for Cardano and its investors.