Interesting position from Charles Hoskinson regarding the recent NIGHT drop. He explicitly stated that ADA and NIGHT are not competitors but complementary tools. For him, Midnight is more of an infrastructure module that enhances Cardano applications rather than replacing them.

Hoskinson drew an interesting analogy — he called Midnight something like ChatGPT for privacy. The point is that this gives Cardano applications the ability to embed privacy features as a competitive advantage. The logic is clear: native Cardano applications will be the first to implement such features because they need to attract users. Larger platforms like Uniswap are too conservative for this.

Regarding ADA holders themselves — they get priority access to ecosystem developments and a larger share of the airdrop. With current ADA prices around $0.25, distributing NIGHT (currently $0.03) could be a good addition to the portfolio.

But the most interesting part is Charles Hoskinson’s vision of how Bitcoin could be integrated into Cardano. He believes that institutional BTC holders will seek yield through DeFi, and Cardano as a UTXO system is a logical direction for them. According to him, this will create a “value leak” from Bitcoin into other ecosystems, but without the need to sell Bitcoin itself.

Hoskinson suggests that such private yield tools could also be expanded to XRP, and Midnight will become a bridge between on-chain and off-chain infrastructures. When asked about target prices, he was hesitant to give specifics — he said he’s comfortable making forecasts only for Bitcoin due to institutional demand via ETFs and long-term holding strategies. It seems Charles Hoskinson prefers to keep his predictions to himself, except for the main crypto asset.