Charles Hoskinson, founder of Cardano, made a bold prediction about the future price of Bitcoin at a recent conference, where he also discussed Cardano's steps into decentralized finance.
Bitcoin Price Prediction
During a session hosted by Input Output Global, Hoskinson predicted that Bitcoin could reach anywhere from $250,000 to $500,000 in the coming years. He believes that increasing demand for Bitcoin as a store of value, along with its integration into decentralized finance (DeFi), will drive this rise.
Bitcoin's Core Principles vs. DeFi Potential
Hoskinson pointed out three key rules that have always defined Bitcoin: all transactions must use only BTC, fees must be paid in BTC, and yield must come only from BTC. These rules protect Bitcoin's identity, but make its integration into DeFi challenging. Hoskinson introduced a modular infrastructure designed to add DeFi compatibility to Bitcoin without altering its core.
Cardano's XRP Integration Plans
Hoskinson also confirmed that Cardano is working to bring XRP into its DeFi ecosystem. This integration could help create a multi-chain environment where Bitcoin, XRP, and Cardano can operate together, improving financial access and inclusion worldwide. 'Everyone deserves access to the economy,' the Input Output team stated on platform X.
Hoskinson's predictions and Cardano's new moves in decentralized finance indicate a significant phase in the crypto industry, where synergy between different blockchains could lead to a more accessible financial system.
