Cardano founder Charles Hoskinson Has Change of Heart for Bitcoin, Here’s Why
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Cardano founder 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 in the future. His recent comments come nearly two months after Hoskinson said that “we don’t necessary need Bitcoin” and “I don’t see how Bitcoin survives”. But what’s causing this change of heart for Hoskinson? Probably, it’s the recent integration of the Cardano blockchain with the BTC blockchain. Cardano founder Charles Hoskinson Turns Bullish on Bitcoin In a groundbreaking integration a day before, the Cardano blockchain joined the Bitcoin network as a BitcoinOS Grail bridge. This move will open the decentralized finance (DeFi) market for the world’s largest asset class. Following this development, Hoskinson 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. The Cardano founder said that this marks the beginning of DeFi on Bitcoin, and believes that it could surpass the achievements of both Solana and Ethereum in the future. From BTC Bashing to Praising Two months before, the Cardano founder created a major uproar in the crypto industry while criticizing BTC’s role in the industry. In a video that surfaced on social media, Hoskinson said that the crypto sector no longer needs BTC. Interestingly, he also believes that Cardano can flip Bitcoin and Ethereum in the long run. “Bitcoin needs the industry to survive… But the industry doesn’t need Bitcoin anymore. I just don’t see how that survives. It’s a religion, its not an ecosystem. So no, we don’t…
Filed under: News - @ October 26, 2024 6:14 am