Cardano Founder Charles Hoskinson Turns Bullish on Bitcoin
- Susan SarandonOriginal
- 2024-10-26 18:06:21790browse
Charles Hoskinson recently had a change of heart about Bitcoin and believes that the BTC DeFi market will be bigger than the Solana and Ethereum markets
Cardano founder Charles Hoskinson has had a change of heart about Bitcoin. He now believes that the BTC DeFi market will be bigger than the Solana and Ethereum markets in the future.
This is a major shift from his previous stance, which he expressed in an interview with Anthony Pompliano in November. At the time, Hoskinson said that “we don’t necessary need Bitcoin” and “I don’t see how Bitcoin survives”.
So, what’s causing this change of heart for Hoskinson? It’s likely due to the recent integration of the Cardano blockchain with the BTC blockchain.
As reported by CryptoSlate, the Cardano blockchain joined the Bitcoin network as a BitcoinOS Grail bridge on Monday. This move will open the decentralized finance (DeFi) market for the world’s largest asset class.
Following this development, Hoskinson took to Twitter to share his thoughts on the matter. He said that he would re-launch the Bitcoin Education Project in 2025.
Additionally, he plans to introduce Aiken education for BTC developers with key resources hosted on GitHub’s Hyperledger Identus repository.
Furthermore, Charles Hoskinson shared that with the implementation of Babel fees, BTC developers will be able to create hybrid Cardano-Bitcoin applications using Aiken and pay transaction fees in Bitcoin.
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