Cardano $0.34163Charles Hoskinson, the founder of Bitcoin, recently
$67,537He changed his views towards. Hoskinson predicts BTC DeFi market will be in the future with Solana and Ethereum
$2,524 It believes it can surpass its markets. These statements follow Hoskinson’s statements about two months ago, in which he stated that Bitcoin was unnecessary and had little chance of survival. The reason for this change was probably the recent integration of the Cardano blockchain with the BTC blockchain.
Integration of Cardano and Bitcoin Blockchains
The latest integration comes as the Cardano blockchain joins the Bitcoin network. This move will open up the decentralized finance (DeFi) market for the world’s largest asset class. Hoskinson announced that he will restart the Bitcoin Education Project in 2025. It also plans to offer Aiken training for BTC developers and host key resources on GitHub’s Hyperledger Identus repository.
Charles Hoskinson noted that with the implementation of Babel fees, BTC developers will be able to create hybrid Cardano-Bitcoin applications using Aiken and pay transaction fees with Bitcoin. He emphasizes that this development is the first step in the launch of DeFi on Bitcoin and expresses his belief that it can surpass the successes of Solana and Ethereum in the future.
From Previous Criticisms to Again Supportive Opinions
Two months ago, the Cardano founder created a huge controversy in the crypto industry by saying that the industry does not need Bitcoin. In a video spread on social media, Hoskinson stated that the crypto industry no longer needs Bitcoin.
“Bitcoin needs the industry to survive… But the industry no longer needs Bitcoin. I don’t see any chance of survival in my opinion. This is a religion, not an ecosystem. So no, Bitcoin is not needed,” he said.
However, steps towards Bitcoin’s DeFi direction have reignited Hoskinson’s interest in the growth of the BTC ecosystem. Hoskinson stated that Bitcoin must adapt to change, otherwise it may lose its first mover advantage.
Additionally, the Cardano founder also shared his views on the latest political developments in the United States. Earlier this week, he harshly criticized Kamala Harris for calling Donald Trump Hitler.
Cardano’s integration with Bitcoin is seen as an important step in the cryptocurrency ecosystem. Hoskinson’s future plans and expectations in the DeFi space point to the deepening of cooperation between Cardano and Bitcoin.
In light of these developments, Cardano and Bitcoin are expected to grow together in the cryptocurrency market and create new opportunities in the DeFi field. The effects of the new integration on the sector are eagerly awaited.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.