Charles Hoskinson Shifts Stance on Bitcoin and DeFi Market

Charles Hoskinson, the founder of Cardano


$
0.330909
, has recently shifted his views on Bitcoin


$
67,028
. He believes that in the future, the Bitcoin DeFi market could surpass those of Solana


$
165
and Ethereum


$
2,467
. This change comes after his earlier statements where he considered Bitcoin unnecessary and doubted its survival chances. The probable reason for this shift is the recent integration of the Cardano blockchain with the Bitcoin blockchain.
Contents
Integration of Cardano and Bitcoin Blockchains
From Previous Criticism to Supportive Views
Integration of Cardano and Bitcoin Blockchains
The latest integration occurred with the participation of the Cardano blockchain into the Bitcoin network. This move will open up the decentralized finance (DeFi) market for the world’s largest asset class. Hoskinson announced plans to revive the Bitcoin Education Project in 2025 and aims to offer Aiken training for BTC developers, alongside hosting significant resources in GitHub’s Hyperledger Identus repository.
Hoskinson noted that with the implementation of Babel fees, BTC developers could use Aiken to create hybrid Cardano-Bitcoin applications and pay transaction fees with Bitcoin. This development emphasizes the initial steps towards launching DeFi on Bitcoin and his belief that it could exceed the success of Solana and Ethereum in the future.
From Previous Criticism to Supportive Views
Two months ago, the Cardano founder sparked significant discussion in the
crypto
industry by stating that the sector no longer needed Bitcoin. In a widely shared video on social media, Hoskinson expressed that the crypto sector was beyond Bitcoin’s necessity.
However, the recent steps towards Bitcoin’s DeFi direction have rekindled Hoskinson’s interest in the growth of the BTC ecosystem. He suggested that Bitcoin must adapt to change; otherwise, it risks losing its first-mover advantage.
Additionally, the Cardano founder shared his views on recent political developments in the U.S., criticizing Kamala Harris for labeling Donald Trump as Hitler earlier this week.
The integration of Cardano with Bitcoin is seen as a significant step in the
cryptocurrency
ecosystem. Hoskinson’s future plans and expectations within the DeFi sector indicate a deepening collaboration between Cardano and Bitcoin.
In light of these developments, the growth of Cardano and Bitcoin together in the
crypto market
is anticipated, creating new opportunities in the DeFi space. The impacts of this new integration on the industry are eagerly awaited.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.