Charles Hoskinson, co-founder of Cardano, has made intriguing forecasts about the future of Bitcoin and its role in decentralized finance (DeFi).
Hoskinson’s Predictions for Bitcoin
Charles Hoskinson made a bold prediction that Bitcoin could reach a price of $500,000 within the next two years. He noted that this surge would be driven by investment inflows and increased interest in the cryptocurrency.
Future of DeFi in Bitcoin
Hoskinson also envisions a promising future for decentralized finance within the Bitcoin ecosystem. He believes that Bitcoin will lead all DeFi platforms in the next 2-3 years.
Bitcoin’s Role in DeFi
As Hoskinson explained, Bitcoin will become the 'store of value for the internet,' enhanced by DeFi capabilities. He proposed a model via Cardano’s network that allows Bitcoin holders to partake in DeFi ecosystems while retaining control over their private keys.
Hoskinson’s model aims to make Bitcoin a more versatile asset within the expanding decentralized finance space.
