U.Today

Well-known supporter of Bitcoin, Max Kaiser, recently forecast that over the course of the next six months, Cardano could lose an additional 90% of its value relative to Bitcoin. Some ADA supporters, like Cardano Whale, have humorously speculated that this could present lucrative buying opportunities for ADA.

For long-term investors seeking to preserve capital, Bitcoin is the preferred asset due to its decentralized structure and store of value narrative. Its advantages include higher liquidity, a strong infrastructure supported by institutional investors, and a significant network effect, all contributing to Bitcoin's stable market advantage over many other cryptocurrencies.

Conversely, Cardano presents itself as a blockchain platform that aims to surpass Ethereum and other smart contract platforms by offering a more sustainable and scalable solution. With its peer-reviewed academic methodology and proof-of-stake consensus, Cardano seeks to provide scalability, energy efficiency, and a solid foundation for decentralized applications and decentralized finance projects.

Despite these technological advancements, ADA has faced criticism for its slow adoption and development, likely affecting its pricing issues. Many investors worry about ADA's competitiveness in the crowded smart contract platform market, especially since its price has significantly dropped over the last year.

Max Kaiser’s bold prediction aligns with some investors' views that Bitcoin will continue to dominate. However, Cardano's long-term success will depend on its ability to meet commitments, attract developers, and nurture an ecosystem beneficial to most investors.

This article was originally published on U.Today