Charles Hoskinson, the founder of Cardano, spoke at a Bitcoin conference and shared his big prediction: he believes Bitcoin (BTC) could be worth between $250,000 and $500,000 in the future. He also said Bitcoin could grow into a $10 trillion ecosystem.
Early Days of Bitcoin
Hoskinson talked about Bitcoin’s early days. Back then, people mined Bitcoin using simple computers, and forums like Bitcointalk were popular. Now, mining is done using huge machines and is part of a global industry with over 550 million users.
He also said that in the past, people used PayPal or websites like Bitmitt for Bitcoin transactions before today’s exchanges existed.
Bitcoin’s Challenges in DeFi
Hoskinson explained why it's hard to use Bitcoin in decentralized finance (DeFi). He said there are three main rules:
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Only Bitcoin is allowed.
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All payments and fees must be in BTC.
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Rewards should also be in BTC.
These rules make it hard to build DeFi apps using Bitcoin. But Hoskinson believes new tools—like better wallets and smart contracts—can help, without changing Bitcoin’s core rules.
New Tools and DeFi Access
Hoskinson shared new ideas like:
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Wallets that let users switch between normal and DeFi modes.
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Using tools like Lace Wallet and Babel fees that allow Bitcoin users to make swaps with Cardano tokens without leaving the Bitcoin network.
This means you can use Bitcoin for DeFi while still staying on the Bitcoin blockchain.
Big Future Plans
Hoskinson’s team (Input Output Global) is working on new tools like:
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Cardinal protocol – lets you bring USDC from Bitcoin into Cardano.
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It may also support Litecoin and Dogecoin.
They’re also building support to bring smart contracts to XRP. This could unlock $140 billion in value for the Cardano network. Even though Cardano and XRP had disagreements before, they’re now working together again.
Cross-Chain Tools
The Cardano team is also working on:
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Plutus and Aiken for smart contracts
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BitVMX, a new system to connect different blockchains like Bitcoin, Cardano, and XRP
Summary:
Hoskinson is working to connect Bitcoin, Cardano, XRP, and other blockchains. He believes Bitcoin can reach $250K to $500K and wants to bring more DeFi features to BTC, while keeping its core ideas strong.
Disclaimer: This article is only for
information and not financial advice. The opinions shared here may be the
writer’s personal views. Please do your own research before making any
investment choices. We are not responsible for any money you may lose.
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