- The lack of liquidity and scale will force the Bitcoin ecosystem’s DeFi to surpass others.
- Governments are discussing Bitcoin strategic reserves, according to Hoskinson.
In the next two to three years, according to Charles Hoskinson, founder of Cardano, decentralized finance (DeFi) inside the Bitcoin ecosystem will surpass all other cryptocurrencies. In addition to making an audacious price forecast, he showcased a novel model for bridging Bitcoin that does not rely on centralized exchanges and gushed about the possibilities of Bitcoin DeFi.
Hoskinson stated:
“I started in the Bitcoin space and I loved Bitcoin. Bitcoin has been a big part of my life and the only reason I’m here today is because Bitcoin exists.”
Sleeping Giant to Awakened Giant
According to Hoskinson, the lack of liquidity and scale will force the Bitcoin ecosystem’s DeFi to surpass other cryptocurrency ecosystems’ DeFi over the next 24 to 36 months.
He shared his early problems with Bitcoin, stating:
“Bitcoin went from a sleeping giant never to awaken in an innovation coma, to an awakened giant that is four times the size of Solana and Ethereum combined.”
Governments are discussing Bitcoin strategic reserves, according to Hoskinson. The massive interest and investment in Bitcoin has led him to believe that its value will skyrocket to $250,000 to $500,000 in the next twelve to twenty-four months.
He began by saying that Bitcoin would continue to serve as the internet’s value store even after adding a DeFi layer. He then went on to explain a new paradigm, the “DeFi mode,” that would allow Bitcoin to use Cardano’s network and its DeFi capabilities.
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