Charles Hoskinson predicts Bitcoin will reach $500,000, revealing a new breakthrough of Cardano

At a recent event at the Bitcoin Conference, Charles Hoskinson, the founder of Cardano, made a shocking prediction that stirred the cryptocurrency community, especially Bitcoin enthusiasts. He suggested that Bitcoin could reach a price range of $250,000 to $500,000 in the coming years, leaving many people buzzing. But it didn't stop there; Hoskinson also shared bold moves in his plan for the development of Cardano and its decentralized finance ecosystem (DeFi), a promising direction not only for Bitcoin but also for other cryptocurrencies, including XRP.

Bitcoin Price Outlook: A New Boost from Hoskinson

During a panel discussion at the Bitcoin Conference, hosted by Input Output Global (IOG), Hoskinson shared insightful views on the future of Bitcoin. He said that the increasing flow of money and the drastic shift to Bitcoin as a store of value are the driving forces behind the coin's strong growth in the future. According to Hoskinson, Bitcoin will not only stop at the role of a payment instrument, but also develop into a powerful financial vehicle, integrated with DeFi features (tài the main decentralized trung), thereby helping to enhance the practical application of Bitcoin in many fields.

Looking back at the early days of Bitcoin, when small-scale mining and P2P (peer-to-peer) transactions were the main activities, Hoskinson believes that the remarkable development of the Bitcoin network today has far surpassed its initial limitations. Although Bitcoin still maintains its fundamental principles, the limitations regarding scalability and DeFi integration are becoming increasingly apparent. These factors will create opportunities for the development of new blockchain platforms, such as Cardano, which is seeking to address the limitations faced by Bitcoin while providing flexible, scalable solutions that can be deeply integrated into the DeFi world.

Charles Hoskinson – Founder of Cardano## The core principles of Bitcoin and the potential of DeFi

Charles Hoskinson pointed out that Bitcoin is defined by three core rules, which are:

1. All transactions can only use BTC: This ensures that Bitcoin maintains its value and essence, unaffected by other currencies.
2. Transaction fees must be paid in BTC: Transaction fees on the Bitcoin network cannot use any other coin except BTC, creating uniformity in the system.
3. Profits can only come from BTC: All profits related to Bitcoin must be generated through Bitcoin itself, without relying on other assets.

Although these three rules play an important role in protecting the decentralization and security of Bitcoin, it is precisely this rigidity that makes the integration of Bitcoin into DeFi applications extremely challenging. The restriction on using BTC in all transactions and the mandatory transaction fees that must be paid in BTC have made it difficult for Bitcoin to participate in flexible financial ecosystems, where users can trade, lend, and borrow using various types of assets.

This is why Cardano, under the leadership of Hoskinson, is seeking a new solution to help Bitcoin communicate and participate in DeFi applications without altering its essence. Instead of requiring Bitcoin to change its structure to fit DeFi, Cardano has developed a modular infrastructure stack that can enhance compatibility with decentralized finance applications while still upholding the inherent principles of security and decentralization of Bitcoin.

Cardano proposes an approach where users can still use BTC as a primary asset within the system but can leverage the features of DeFi without breaking the original principles of Bitcoin. This helps address the significant issue that Bitcoin faces when integrating into DeFi, which is the incompatibility between Bitcoin's decentralized nature and the flexibility of DeFi.

Hoskinson provided examples of projects like Sundial and the Bitcoin Operating System, which are initiatives aiming to connect Bitcoin with DeFi without altering its core principles. At the same time, projects like Sergey Lerner and the FairGate team are also developing infrastructure solutions to enable Bitcoin to interact with DeFi applications.

Thanks to the new wallet designs from IOG, users can easily switch between using Bitcoin in the traditional way and using Bitcoin combined with DeFi features, such as lending, borrowing, and other financial services without compromising the security and decentralization of the Bitcoin network.

Cardano makes breakthroughs with DeFi and XRP

At the Bitcoin conference, Hoskinson also did not hesitate to share that Cardano is actively implementing plans to integrate XRP into its DeFi ecosystem. This is an important strategic move, as XRP has established a strong influence in the field of cross-border payments, especially in fast and cost-effective international transactions.

The integration of XRP into the Cardano ecosystem is not only significant from a technological perspective but also creates a robust multichain platform where blockchains like Bitcoin, XRP, and Cardano can connect and collaborate with each other. This will establish a global decentralized financial system with strong scalability and high flexibility, allowing users to easily access modern financial services without relying on traditional banking systems.

Hoskinson believes that integrating DeFi into Bitcoin through Cardano will usher in a new era where services like lending, borrowing, and other financial applications will become more accessible to those who cannot access traditional financial services. Creating such a decentralized financial ecosystem will not only help Bitcoin overcome current barriers but also promote global financial inclusion, providing financial opportunities for everyone, especially those groups that are overlooked by the traditional banking system.

While Bitcoin continues to hold its role as a store of value, the integration of DeFi features through Cardano will help Bitcoin expand its usability and create real-world use cases in daily life, especially in the context of inflation and the instability of the global economy.

Charles Hoskinson's bold prediction about the future value of Bitcoin and breakthroughs in the DeFi sector of Cardano is not only a sign of a new era in cryptocurrency but also the beginning of a financial revolution. The combination of Bitcoin, XRP, and Cardano promises to create a robust global financial ecosystem, opening up financial access for billions of people worldwide. These strategies will not only reshape the cryptocurrency market but also serve as the foundation for the sustainable development of blockchain and DeFi in the future.

As the founder of Cardano, Charles Hoskinson is not just leading a blockchain project, but he is also paving a promising roadmap for the future of global finance. Through these strategic initiatives, he is becoming a pioneer in the digital financial revolution, bringing a brighter and more inclusive future for the global crypto community.

Taylor