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    Charles Hoskinson predicts Bitcoin DeFi dominance and value surge, proposes Cardano integration

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    Charles Hoskinson, founder of Cardano, predicts Bitcoin’s decentralized finance (DeFi) will outshine other crypto DeFi in two to three years due to its scalability for handling large transactions. He also anticipates Bitcoin’s value to surge between $250,000 and $500,000 in the coming years with more governments integrating Bitcoin into their finance strategies. Hoskinson suggests a “DeFi mode” operated through Cardano’s network for Bitcoin, allowing it access to the DeFi universe. Cardano’s development team recently announced a Cardano-Bitcoin bridge which may enable DeFi applications backed by Bitcoin.

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    Charles Hoskinson, the founder of Cardano, reckons that decentralized finance (DeFi) in the Bitcoin world will overshadow all other crypto DeFi in a few years. He’s really excited about this and sees a big potential boost for Bitcoin as a result.

    Hoskinson is a long-time fan of Bitcoin, in fact, he basically owes his career to it. But even though he had some gripes with Bitcoin initially, he’s seen it go from being a bit of an underdog to a big-league player, actually, make that a giant – four times the size of Solana and Ethereum combined.

    So he’s betting that in the next two to three years, DeFi in the Bitcoin realm is going to outdo all other crypto DeFi. He puts this down to scale and the ability to handle large volumes of transactions.

    Hoskinson also hints at the big interest coming in from governments, starting to consider Bitcoin in their financial strategies. This makes him believe that Bitcoin’s value could skyrocket to somewhere between $250,000 and $500,000 in the next year or two.

    In his eyes, Bitcoin is the ‘go-to’ store of value on the internet and predicts it will stay this way, especially now that Bitcoin has a DeFi layer to it. He further introduces a new method to bring DeFi capabilities to Bitcoin via Cardano’s network, which he calls “DeFi mode.”

    You can activate this mode by transferring your Bitcoin to a wrapped token on Cardano. This move allows Bitcoin owners to jump into the DeFi universe, trade on decentralized exchanges and use high-return products while retaining control over their private keys.

    Noteworthy is that dev teams working with Cardano announced a Cardano-Bitcoin bridge recently. This can possibly pave the first step toward delivering DeFi apps supported by Bitcoin as per the protocol’s features.

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