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    Home » Charles Hoskinson Forecasts Bitcoins DeFi Market to Outpace Ethereum and Solana
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    Charles Hoskinson Forecasts Bitcoins DeFi Market to Outpace Ethereum and Solana

    By adminOct. 26, 2024No Comments2 Mins Read
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    Charles Hoskinson Forecasts Bitcoins DeFi Market to Outpace Ethereum and Solana
    Charles Hoskinson Forecasts Bitcoins DeFi Market to Outpace Ethereum and Solana
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    Cardano’s founder, Charles Hoskinson, has recently shifted his perspective on Bitcoin’s future, predicting that BTC’s DeFi market could eventually eclipse that of Ethereum and Solana.
    This optimistic
    view
    is a marked change from his earlier stance, where he expressed doubt over
    Bitcoin’s
    relevance, calling it “a religion, not an ecosystem,” and questioning its place in the industry without meaningful adaptation.
    A pivotal factor in Hoskinson’s change of heart is the recent integration between
    Cardano
    and Bitcoin. Through the new BitcoinOS Grail bridge, the Cardano blockchain can now interact with the Bitcoin network, which opens DeFi potential on a much larger scale.
    Inspired by this connection, Hoskinson announced plans to revive his Bitcoin Education Project by 2025, which will feature Aiken education resources for BTC developers on GitHub’s Hyperledger Identus repository. This expansion will allow developers to use Cardano-Bitcoin hybrid apps and pay transaction fees in Bitcoin via the new Babel fee implementation.
    READ MORE:


    Bitcoin Set for $100,000 Rally Amid Strong Institutional Demand and Economic Trends
    Two months ago, Hoskinson had publicly criticized Bitcoin’s place in the crypto space, doubting its sustainability unless it evolved. However, with Bitcoin now making strides into DeFi, Hoskinson has expressed renewed enthusiasm, suggesting this move could help BTC secure a more dynamic role in the ecosystem.

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