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Hoskinson: "DeFi is coming to Bitcoin and Cardano is going to help with that"

Charles Hoskinson, the founder of Cardano, recently announced on X (formerly Twitter) that he sees a great future for Bitcoin, despite his previous criticisms.

By Finst News
• 3 min read

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Charles Hoskinson, the founder of Cardano, recently announced on X (formerly Twitter) that he sees a great future for Bitcoin, despite his previous criticisms. He stated, "DeFi is coming to Bitcoin and will surpass anything Solana and Ethereum have done."

Hoskinson launched an educational program on major crypto currencies in 2013. Now, according to him, Bitcoin "back in the family" is, he is considering relaunching this course in 2025. This course would include additional material on the Aiken programming language, which is especially suited for developing smart contracts on the Cardano blockchain.

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With the advent of new technology, developers can create hybrid Cardano/Bitcoin applications in Aiken and pay their transaction fees in BTC. In addition, EMURGO, a program within Cardano, recently partnered with BitcoinOS, a rollup protocol that brings BTC to a smart contract layer on Cardano. This rollup system is intended to enhance the Bitcoin network with scalable and interoperable smart contracts, without compromising Bitcoin's security.

Launched in January 2024, the BitcoinOS project was designed by Sovryn developers as an independent DeFi platform. In the past, Hoskinson often criticized Bitcoin, but now calls Cardano "one of the greatest technological achievements ever." In fact, he predicts that Cardano will overtake Bitcoin in the next 20 years.

Despite the news, the price of Cardano (ADA) remains stable around €0.31. Since the beginning of October, ADA's value has remained constant between €0.35 and €0.30.

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