Founder Charles Hoskinson says "this cycle is different because it's going to be led by institutions, not retail."

Cardano offers a lot to Bitcoin because you can write $BTC apps and push assets like stablecoins, NFTs into BTC, and use Taproot to secure your trust model. You get the full decentralization, EUTXO, and dev model of Cardano

Cardano $ADA is not a Bitcoin Layer-2. There's a trustless bridge mechanism being constructed with BitVMX to enable transfers. BTC on Cardano doesn't derive security from Bitcoin, so it's a true partnership between two chains