Cardano Founder Charles Hoskinson Shares Vision of a DeFi-Enabled Bitcoin Ecosystem

Cardano (ADA) blockchain founder Charles Hoskinson, expressed Hoskinson recently outlined his vision for a Bitcoin ecosystem that is enabled by decentralized finance.

Cardano (ADA) blockchain founder Charles Hoskinson has shared an optimistic prediction for Bitcoin’s (BTC) future price. In a recent livestream, Hoskinson shared his analysis and projections for BTC’s price in the coming years.

According to Hoskinson, the flagship cryptocurrency could experience a remarkable surge, rising to a range of $250,000 to $500,000 in the next 12 to 24 months. This prediction is driven by several key factors, including the increasing institutional interest and the vast opportunities in decentralized finance (DeFi).

Hoskinson highlighted Bitcoin’s potential to become a strategic reserve asset for governments and institutions globally. He also discussed the possibility of Bitcoin-based DeFi outpacing other DeFi ecosystems in the coming 24 to 36 months.

In related news, Hoskinson recently shared his vision for a Bitcoin ecosystem integrated with DeFi. In a post on X on November 26, Hoskinson outlined his goal to build a "DeFi-enabled Bitcoin-powered hybrid application ecosystem."

At the time, the Cardano founder expressed renewed interest in the fundamental code of Bitcoin, suggesting that adding a DeFi layer to BTC could restore the cryptocurrency’s status as an innovation leader.

"Just a quick reminder, having been around for a long time and having read a lot of the early Bitcoin source code, it’s easy for me to get back into the mindset of Bitcoin’s design and purpose. It’s like a childhood friend I lost touch with and rediscovered. I really like the idea of Bitcoin finally having a DeFi layer and returning to innovation prominence."

In his commentary, Hoskinson shared his personal aspiration to witness an ecosystem of hybrid applications powered by DeFi-enabled Bitcoin.