Cardano Creator Believes Ethereum Classic Is Going the Way of Bitcoin

Charles Hoskinson, one of the co-founders of Ethereum and creator of the Cardano cryptocurrency, speaking at the Ethereum Classic summit, admitted that he is optimistic about Ethereum Classic, not only as a cryptocurrency, but also as a project as a whole. He believes that the coin is following the path of Bitcoin and could become a market leader in the future in terms of value and market capitalization.

Hoskinson believes that Ethereum Classic is similar to Bitcoin because the project is supported by a small number of people. Unlike other crypto projects that rely on a community of developers and engineers, Ethereum Classic is run by a small team, just like Bitcoin was when it was first created. This, in turn, allows for rapid growth and more efficient management.

“What is huge for the continued development of the Ethereum Classic community is that we now need to look at a completely different roadmap for where Ethereum will ultimately go next. Of course, there will be struggles ahead, but we must be our own guide.”

Ethereum Classic was once an iconic symbol that spun off from Ethereum, which wanted to stay as close to its original source as possible. For this reason, Ethereum Classic did not particularly interest investors at the very beginning. However, after listing on the Coinbase exchange, Ethereum Classic began to gain popularity. In the same way, Bitcoin, having migrated from the underground market, has become a real investment opportunity. 

“The closer you look at Ethereum Classic, the more obvious the connection between these cryptocurrencies will seem to you,” says Hoskinson, stating that the next few years will be decisive for the Ethereum Classic cryptocurrency.