Hoskinson pointed out how Bitcoin has evolved from being a “sleeping giant” to a powerful force in the crypto world.
Charles Hoskinson, the founder of Cardano, has made an exciting prediction about the future of Bitcoin in decentralized finance (DeFi). In a recent video shared on YouTube, he confidently stated that Bitcoin’s DeFi ecosystem could soon outpace Ethereum and Solana, possibly within the next two to three years.
In the video, Hoskinson pointed out how Bitcoin has evolved from being a “sleeping giant” to a powerful force in the crypto world. He noted that Bitcoin is now four times larger than both Ethereum and Solana combined, thanks to its growing liquidity and scale. This, he believes, will give Bitcoin a massive advantage in the DeFi space.
Hoskinson didn’t stop there—he also shared a bold price prediction for Bitcoin, forecasting that it could reach anywhere between $250,000 and $500,000 in the next 12 to 24 months.
He credits this rise to increased global interest and the possibility of governments adopting Bitcoin as a strategic reserve asset. “Bitcoin is becoming the internet’s store of value, and with its new DeFi capabilities, it’s set to grow even further,” Hoskinson said.
To bring Bitcoin into the DeFi fold, Hoskinson introduced a groundbreaking idea. Bitcoin holders can now “enable DeFi mode” by bridging their Bitcoin to wrapped tokens on the Cardano blockchain. This allows them to participate in DeFi applications, earn yields, and trade on decentralized exchanges—while keeping full control of their private keys.
This innovation is made possible by the Grail protocol, a Cardano-backed solution that was unveiled in October. Hoskinson believes this is just the beginning of a larger movement to bring Bitcoin to DeFi, creating secure and scalable applications that leverage Bitcoin’s enormous influence in the crypto world.