Bitcoin BTC $10k Target With $100k On The Horizon: Cardano Chief

The creator of the famous Cardano altcoin and the co-creator of Ethereum is in the cryptocurrency news today for stating that he will wait for the Bitcoin FUD to die down after the world’s leading cryptocurrency dropped over $1,000 in two days and plunged to a low of $6,955 ($6,800 on some exchanges). Currently, the cryptocurrency is stabilizing and the chief behind ADA believes that a Bitcoin BTC $10k target is definitely realistic in the near term.

However, Charles Hoskinson, who is the creator of Cardano (ADA) was viral in the news for giving a higher target for Bitcoin soon. He said that once the dominant coin reaches $10,000, a new target of $100,000 will come to play.

Hoskinson gave the new Bitcoin BTC $10k and $100k targets on Twitter, stating:

“Bitcoin’s price is going down? Remember everyone, after the FUD, news trading and manipulation clears out, we still have a global movement that’s going to change the world.

We will see 10k BTC again and welcome 100k. Crypto is unstoppable. Crypto is the future.”

https://twitter.com/IOHK_Charles/status/1197896099106828288

Appearing in a live stream video from Dubai, the Cardano chief confirmed the developments for the ADA coin, a public blockchain which uses the cryptocurrency to send and receive digital funds. He talked about the cryptocurrency wallet Daedalus and how it is on track with everything.

Besides the Bitcoin BTC $10k target, Hoskinson commented on Daedalus and said:

“We’re really happy about Daedalus. We’re really happy about the code quality. We’re happy about how quickly we’ve been able to move this month and how much we’ve learned from moving this fast this month.

We’re really in a good stride and so next year is going to see a lot releases. It’s going to be easy for us to get these releases out and we’ll just continue getting more feature rich. We’re also looking to some state-of-art technology that wasn’t necessarily in our roadmap.”

The chief executive officer at Cardano (ADA) was also in the Stellar Lumens news before for stating that a burn of 4 billion XLM coins translates to “insanity.” However, he is confident about the future of Cardano (ADA) in general and said:

“Cardano is kind of a financial operating system for those who don’t have one.”