Charles Hoskinson, founder of Cardano, predicts a future in which DeFi on Bitcoin will surpass rival ecosystems thanks to its scale and liquidity, redefining the role of cryptocurrencies in the coming years.
Let’s see all the details in this article.
Bitcoin as a store of value and engine for DeFi
Charles Hoskinson, the visionary founder of Cardano, recently shared a bold prediction that could change the way the world perceives cryptocurrencies.
According to Hoskinson, decentralized finance (DeFi) based on Bitcoin will not only grow exponentially in the coming years, but it will come to dominate the entire crypto ecosystem.
This statement reflects an unwavering confidence in the potential of Bitcoin, an asset that continues to redefine the concept of a store of value and financial innovation.
In a video published on YouTube, Hoskinson explained how Bitcoin transitioned from a phase of stagnation to a technological renaissance.
Despite the initial criticisms of the slow development of Bitcoin, the founder of Cardano now recognizes its unparalleled value:
“Bitcoin represents the store of value of the Internet and will remain so in the near future, especially with the addition of DeFi functionality.”
Hoskinson also predicted a significant increase in the price of BTC, which could reach between 250,000 and 500,000 dollars in the next 12-24 months, thanks to institutional investments and growing interest from governments.
One of the most interesting aspects of Hoskinson’s statements concerns the “DeFi mode” for Bitcoin, made possible by the technology developed on Cardano.
Through a system of wrapped tokens, Bitcoin users will be able to access advanced DeFi tools, such as decentralized exchanges and yield platforms.
This model allows Bitcoin holders to maintain full control of their private keys, eliminating the need for centralized platforms.
The project is further supported by a Cardano-Bitcoin bridge based on the recently announced Grail protocol. This tool represents a significant step towards the creation of secure Bitcoin-based DeFi applications.
Why is Bitcoin at the center of the stage?
The main strength of Bitcoin lies in its established reputation as a store of value. Hoskinson emphasized how its liquidity and scalability can make a difference compared to competing ecosystems like Ethereum and Solana.
Furthermore, with the increasing adoption by governments, Bitcoin could become a fundamental part of national strategic reserves.
This role of “digital gold” could be further expanded thanks to DeFi, transforming Bitcoin from a simple investment tool to a complete platform for decentralized finance.
In other words, the integration between Cardano and Bitcoin is a clear example of how innovation can break down technological barriers.
The combination of a stable platform like Bitcoin with the versatile approach of Cardano creates unique opportunities for investors and developers.
According to Hoskinson, the path is clear:
“The DeFi in the Bitcoin ecosystem will eclipse all others within 24-36 months, thanks to its unprecedented scale.”
