Cardano’s founder, Charles Hoskinson, is making some bold predictions about Bitcoin’s future. He believes that Bitcoin is about to become a major player in the decentralized finance (DeFi) world, surpassing even Ethereum and Solana.
A New Era for Bitcoin
Hoskinson’s confidence stems from a recent collaboration between Cardano and Bitcoin. This partnership will allow smart contract features to be used within the Bitcoin ecosystem. Hoskinson believes this will open the door for a wave of DeFi projects on Bitcoin, dwarfing anything seen on Ethereum or Solana.
To help facilitate this transition, Hoskinson plans to launch a Bitcoin Education Project, offering training to developers on how to create and deploy smart contracts compatible with both Bitcoin and Cardano. He’s also excited about the potential for “Babel fees,” a universal currency converter that will allow users to pay fees in any cryptocurrency, not just Bitcoin.
Hoskinson’s Change of Heart
This enthusiasm for Bitcoin might seem surprising to some. Just a few months ago, Hoskinson was critical of Bitcoin, even suggesting it couldn’t survive without the broader crypto sector. However, he seems to have changed his tune, now seeing Bitcoin as a key player in the future of DeFi.
A Necessary Evolution
While some might see Hoskinson’s initial criticism as combative, others believe he was simply highlighting the need for Bitcoin to adapt to the evolving crypto landscape. Now that Bitcoin is embracing DeFi, Hoskinson is eager to support its growth.
This collaboration between BitcoinOS and EMURGO is a significant step forward for both ecosystems. It will create a bridge between the two, potentially leading to a huge liquidity boost for Cardano. This agreement also makes Cardano the first Layer 1 blockchain to utilize BitcoinOS’ interoperability features.
With the future of DeFi looking bright for Bitcoin, it’s clear that Hoskinson is excited to be part of this revolution.
