Cardano (ADA) prices have not reacted positively each time in recent years after Charles Hoskinson mentioned something negative about Bitcoin (BTC). The ADA/BTC trading pair has declined by 75% almost two years after Hoskinson questioned Bitcoin's survivability in an interview with Cointelegraph.

During the October 2022 conversation, Hoskinson argued that BTC should not be used on the Bitcoin blockchain network but on faster blockchains like Cardano or Ethereum as a wrapped asset. At that time, ADA/BTC was trading for as high as 2,188 satoshis (1 satoshi equals 0.00000001 BTC), but as of Sept. 3, the pair had declined to as low as 562 satoshis, closer to its lowest levels since December 2020.

ADA/BTC's negative reaction to Hoskinson's Bitcoin criticism is part of a consistent pattern. In most cases, his remarks have been followed by declines in ADA/BTC, whether in the short or in the medium term. After breaking below a lifetime support level, ADA's price versus Bitcoin could drop by another 25% in the coming months.

Source: https://cointelegraph.com/news/cardano-down-75-vs-bitcoin-years-after-charles-hoskinson-questions-btc

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