Cardano proponent and founder of Crypto Capital Venture Dan Gambardello reveals the ideal characteristics of ADA that appeal to him and give him hope for the future of the token.
According to Gambardello, ADA underperforms in bear markets and outperforms in bull markets, and as such he hoped that it will ultimately begin to outperform the rest of the crypto market.
“This is the exact recipe that excites me about ADA. Perfect ingredients for any value investor. All this without even mentioning the fundamentals and defi season which is upon us,” he wrote.
Another ADA member backed up his comments, slamming the detractors with the words, “Yup. In the bear, they ramp up the FUD extra hard, in the bull reality comes knocking.”
The crypto YouTuber also conducted a Twitter poll featuring ADA and Bitcoin to attract the attention of his 242k followers.
The poll had only one topic “Which community will win – ADA or Bitcoin.” Out of 14,030 voters, 54.9% selected ADA, and the remaining 45.1% selected Bitcoin.
Gambardello also added his thoughts on the most recent Bitcoin ETF development in a separate tweet. He slammed people who are applauding BlackRock’s application to launch their own Bitcoin ETF with the SEC.
The Cardano fan came down hard on those hyping “the world’s largest asset firm” [BlackRock] and its endorsement of the flagship cryptocurrency.
Cardano Founder Scoffs At BTC Advocates
According to Gambardello, those BTC advocates are not praising BTC for “decentralization or freedom from the manipulative thieving banks” but for the fact that BlackRock is now holding a huge Bitcoin bag.
In response to BlackRock’s application for a spot Bitcoin ETF, diverse viewpoints on the potential impacts of the leading AUM’s involvement in the crypto space have sparked a heated debate within the community.
Charles Hoskinson, the founder of Cardano, is one of them, and he even got into a spat with Bitcoin maximalists over their unflinching support of the filing.
Such support, according to Hoskinson, is naïve because it may result in a significant influx of new capital that would ultimately drive down the price of Bitcoin.
Furthermore, he claimed that the support was an example of unethical behavior, abnormal mentality, and extreme avarice.