Cardano founder Charles Hoskinson recently reacted to a striking moment when U.S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper, praising the network’s resilience. Bessent highlighted Bitcoin’s nearly two decades of uninterrupted operation, underscoring its enduring reliability.
Hoskinson called the moment “profoundly magical,” signaling the rare sight of a sitting U.S. Treasury secretary publicly acknowledging Bitcoin’s resilience. For 17 years, Bitcoin has operated without interruption, weathering market swings, technological hurdles, and regulatory scrutiny. Its resilience illustrates blockchain’s core promise of providing a secure, censorship-resistant, peer-to-peer financial system independent of any central authority.
Why is this development a welcome call? Well, Bessent’s tweet reflects a subtle shift in institutional perception. While regulators have traditionally been cautious, acknowledging Bitcoin’s resilience could foster more constructive discussions around adoption and regulation.
Meanwhile, Hoskinson recently referred to Cardano as a “spiritual successor to Bitcoin,” highlighting the deep architectural parallels that link the two networks.
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### Cardano Struggles to Gain Momentum Amid Low Market Activity
Market analyst Amina Chattha notes that Cardano (ADA) is currently in a slow downtrend, trading at $0.5414 with weak momentum. Buyer interest remains muted, leaving the market in a holding pattern as traders await clearer signals before making significant moves.
Volume remains a key factor in ADA’s short-term direction. Until trading activity picks up, ADA is likely to remain stable, exhibiting limited price movement. This consolidation reflects cautious investor sentiment—a common trend in crypto markets as traders anticipate a catalyst for the next decisive move.
Therefore, Cardano’s short-term trajectory largely depends on market activity. A spike in volume and buying interest could break the current stagnation, while persistently low engagement may result in prolonged sideways trading.
https://bitcoinethereumnews.com/bitcoin/cardanos-hoskinson-salutes-bitcoins-legacy-and-resilience-as-ada-awaits-its-next-big-move-%e2%8b%86-zycrypto/
