David Gokhshtein Doubles Down on Cardano, Hints at Buying More ADA

David Gokhshtein has doubled down on his bullish outlook for Cardano, hinting that he could buy more ADA despite criticism from some members of the crypto community.

The host of The Breakdown podcast made the comment after an X user advised him to stay away from Cardano and XRP. Instead of accepting the warning, Gokhshtein replied briefly, “I’ll buy more — thanks.”

Although his response does not confirm that he immediately purchased additional ADA, it shows that the criticism has not changed his view of Cardano.

Gokhshtein Maintains Bullish Cardano Outlook

Gokhshtein’s latest comment came amid a broader debate about Cardano’s ability to recover its previous all-time high.

For context, Cardano reached an all-time high of $3.10 on September 2, 2021. However, ADA has since suffered a significant decline and currently trades around $0.1966. At this price, ADA remains 93.66% below its previous peak.

Consequently, the wide gap has fueled debate over whether Cardano can return to $3.10 during another strong market cycle. Nevertheless, Gokhshtein’s latest response suggests that investors should not automatically dismiss that possibility simply because ADA remains far below its 2021 peak.

Gokhshtein has previously maintained a bullish stance on Cardano. He also argued that the continued attention surrounding ADA shows that the project should not be prematurely written off.

While Gokhshtein has publicly confirmed that he owns ADA and has repeatedly expressed optimism about Cardano, he has not disclosed the exact size of his holdings. Therefore, his latest comment should not be interpreted as confirmation that he has made a specific purchase or increased his position by any particular amount.

Can ADA Reclaim $3.10?

Gokhshtein’s comments have also reignited speculation about whether ADA can eventually reclaim its previous all-time high.

Popular Cardano stake pool operator Sssebi has suggested that ADA could revisit $3.10 and potentially surpass that level during the next major bull market. According to Sssebi, ADA would need to rise roughly 15.8 times from its current price of $0.1962 to return to $3.10.

However, that scenario remains a market projection rather than a certainty. To reclaim $3.10, ADA would likely need to attract substantial new demand while benefiting from stronger broader market conditions and continued growth across the Cardano ecosystem.