Charles Hoskinson explains why BTC will reach $ 500,000

Чарльз Хоскінсон" href="https://noworries.news/biography/charlz-hoskinson/" data-bio-id="10 311">Charles Hoskinson, the founder of Cardano ADA $0.62 Cardano -2.47% Market capitalization $22.46 billion VOL. 24 hours $38.19 million , predicted that the value of Bitcoin BTC $105,398.89 Bitcoin -0.26% Market capitalization $2.1 trillion VOL. 24 hours $0.95 billion could reach $ 250,000 to $ 500,000 in the future. According to him, the main driver of growth will be the spread of decentralized finance (DeFi). At the same time, he emphasized that the development of DeFi will affect the entire cryptocurrency industry, not just Bitcoin.

Hoskinson noted that the key strength of Bitcoin is its fundamental principles: all transactions should be carried out exclusively in BTC, all fees should be paid in BTC, and profits should be generated in BTC. According to Hoskinson, this also limits the integration of Bitcoin into DeFi ecosystems, which typically require more flexibility.

To overcome these limitations, the Cardano team has created a technology that allows Bitcoin to be combined with DeFi without changing the basic rules of this cryptocurrency. This way, Bitcoin will be able to retain its identity, but at the same time integrate into new financial solutions.

In addition, Cardano plans to integrate XRP into its DeFi infrastructure. This move is explained by XRP’s strong position in international payments and its wide support in financial circles. With this move, Cardano aims to create an interconnected and scalable network of multiple blockchains.

Concluding his comments, Hoskinson emphasized that the future of the blockchain industry will be determined not by competition but by cooperation. He is convinced that the next wave of blockchain solutions will be based on multi-chain systems that combine innovation and accessibility for users around the world.