Charles Hoskinson Foresees Bitcoin’s DeFi Market Surpassing Ethereum and Solana

Change in Perspective

Founder Charles Hoskinson’s Optimistic Outlook

Renowned founder Charles Hoskinson has shifted his perspective on the future of Bitcoin, predicting that its DeFi market could potentially surpass that of Ethereum and Solana.

Integration with Cardano

Enhanced Connectivity Driving DeFi Potential

A key factor in this shift is the recent integration between Cardano and Bitcoin through the new BitcoinOS Grail bridge. This development enables the Cardano blockchain to interact with the Bitcoin network, unlocking vast DeFi possibilities.

Revival of Bitcoin Education Project

Empowering Developers for Hybrid Apps

Inspired by this connection, Hoskinson plans to revive the Bitcoin Education Project by 2025. This initiative will provide essential resources for BTC developers on GitHub’s Hyperledger Identus repository, facilitating the creation of Cardano-Bitcoin hybrid apps and enabling transaction fee payments in Bitcoin through the Babel fee implementation.

Renewed Enthusiasm

Bitcoin’s Evolving Role in the Ecosystem

Despite previous skepticism about Bitcoin’s sustainability without adaptation, Hoskinson now expresses renewed enthusiasm. He believes that Bitcoin’s foray into DeFi could pave the way for a more dynamic role in the crypto ecosystem.