In a recent widely circulated interview, the founder of Cardano expressed concern, stressing that Bitcoin's survival hinges on the broader crypto industry. Hoskinson's remarks were prompted by some Bitcoin proponents who argue that the asset has reached a point where it no longer depends on the wider crypto ecosystem.

Hoskinson emphasized that Bitcoin relies on the crypto ecosystem, including exchanges and infrastructure, for its survival, but he pointed out that the entire crypto ecosystem can thrive without Bitcoin. He stated, "Bitcoin is no longer self-sustaining."

While acknowledging Bitcoin's status as digital gold, Hoskinson suggested that it's essentially a token with a deflationary monetary policy. He suggested that another digital asset offering comparable or superior security could potentially replace Bitcoin at any time.

Hoskinson discussed Cardano's seven-year effort to develop a secure proof-of-stake (PoS) protocol, aiming to create a consensus protocol with energy efficiency and properties similar to Bitcoin's. However, he mentioned that the Bitcoin community dismissed these efforts as a scam, indicating a reluctance to adopt new technology.

He expressed skepticism about Bitcoin's long-term survival, describing it as having a religious following rather than a diverse ecosystem. Hoskinson believes Bitcoin needs to evolve and adapt to survive, drawing a parallel to Microsoft's loss of market dominance due to shifts in the technology landscape.

Furthermore, he suggested that Bitcoin could lose its market dominance as the industry progresses and focuses on innovation beyond the Bitcoin network. Hoskinson has been vocal about Bitcoin's technological shortcomings, previously stating that the lack of innovation within the Bitcoin community poses a threat to its success.