The Secret Weapon of Bitcoin and Dogecoin: Community

During a recent appearance at a blockchain conference, Charles Hoskinson, the creator of Cardano, openly praised both Bitcoin and Dogecoin

During a recent blockchain conference appearance, Charles Hoskinson, the creator of Cardano, showered praise on both Bitcoin and Dogecoin, not for their code or market cap, but for something far less tangible and yet more powerful: their community.

According to Hoskinson, no cryptocurrency can truly last without a solid, committed, and resilient user base.

“Doge will never die, Bitcoin will never die,”

he said, highlighting that adaptability, governance, and active participation are essential for a crypto project to thrive over time. This perspective speaks to a broader shift in the blockchain world, where cutting-edge technology is no longer enough.

Without a vibrant and dedicated community, projects risk being quickly forgotten. In this regard, Bitcoin and Dogecoin—conceived with vastly different intentions, one as a decentralized store of value and the other as a parody of traditional finance—share a crucial element: their people.

At the same time, Hoskinson made headlines again with a simple but meaningful reaction on his X account to a Wall Street Journal report. The report revealed that major banks like JPMorgan, Wells Fargo, and Bank of America are exploring the joint launch of a stablecoin. To this news, Hoskinson had a brief but telling response:

“As predicted.”

For the Cardano founder, this is just another confirmation that the line between traditional finance and cryptocurrencies is blurring faster than most had expected.

This development coincides with recent progress in the U.S. Congress, where a new stablecoin regulation bill passed an important legislative milestone. The bill could create a more favorable regulatory landscape for crypto projects operating in the U.S.

Meanwhile, companies like Meta and Ripple have already dived into the stablecoin market. After announcing its intention to develop a stablecoin in October 2024, Meta is reportedly planning to launch the token in early 2025.

On the technical side, Dogecoin is forming a bullish "falling wedge" pattern, while Bitcoin continues to hold above the $110,000 level. According to technical analysts, both assets are showing strength and could be poised for further positive price action in the coming days.

Despite the focus on his own project, Cardano, Hoskinson seems to be pulling for the broader growth of the crypto ecosystem. And in his view, the future belongs to the coins that have soul… and a strong community.