{"id":809574,"date":"2024-12-02T00:13:28","date_gmt":"2024-12-02T06:13:28","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/02\/cardano-founder-bitcoin-to-rule-defi-world-within-three-years\/"},"modified":"2024-12-02T00:13:28","modified_gmt":"2024-12-02T06:13:28","slug":"cardano-founder-bitcoin-to-rule-defi-world-within-three-years","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2024\/12\/02\/cardano-founder-bitcoin-to-rule-defi-world-within-three-years\/","title":{"rendered":"Cardano Founder: Bitcoin To Rule DeFi World Within Three Years"},"content":{"rendered":"<div id=\"page\">\n<div id=\"content_box\">\n<header>\n<div>\n<p><img loading=\"lazy\" alt src=\"https:\/\/secure.gravatar.com\/avatar\/88a6334e954018f0dfcc0c926ce81eae?s=32&#038;d=mm&#038;r=g\"  height=\"32\" width=\"32\" decoding=\"async\"><\/p>\n<p><span><span>By <a href=\"https:\/\/fullycrypto.com\/author\/phi_ma\" title=\"Posts by Philip Maina\" rel=\"author\">Philip Maina<\/a><\/span><\/span><\/p>\n<p><span><\/p>\n<p>2 days ago<span>Sat Nov 30 2024 08:41:19<\/span><\/p>\n<p><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/header>\n<p><img width=\"1300\" height=\"890\" src=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2024\/11\/Cardano-Founder-Bitcoin-To-Rule-DeFi-World-Within-Three-Years.png\" alt=\"Cardano-Founder---Bitcoin-To-Rule-DeFi-World-Within-Three-Years\" title decoding=\"async\" fetchpriority=\"high\" data-layzr=\"https:\/\/fullycrypto.com\/wp-content\/uploads\/2024\/11\/Cardano-Founder-Bitcoin-To-Rule-DeFi-World-Within-Three-Years.png\">\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<div>\n<p><span><span>Reading Time: <\/span> <span> 2<\/span> <span>minutes<\/span><\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span>Cardano founder believes bitcoin DeFi will rule the DeFi space in three years<\/span><\/li>\n<li aria-level=\"1\"><span>Charles Hoskinson said that Bitcoin has liquidity and is now scalable<\/span><\/li>\n<li aria-level=\"1\"><span>He also noted that Bitcoin is gaining more popularity and value<\/span><\/li>\n<\/ul>\n<p><span>Cardano <\/span><a href=\"https:\/\/fullycrypto.com\/blockchain-news\"><span>blockchain<\/span><\/a><span> founder Charles Hoskinson believes that Bitcoin <\/span><a href=\"https:\/\/fullycrypto.com\/what-is-defi-your-guide-to-cryptos-new-buzzword\"><span>DeFi<\/span><\/a><span> is poised to take over the DeFi space within the next three years. Hoskinson said that the takeover will be fueled by Bitcoin\u2019s growing popularity, liquidity, and scaling efforts through <\/span><a href=\"https:\/\/fullycrypto.com\/blockchain-scaling-solutions-peeling-back-the-layers\"><span>layer 2<\/span><\/a><span>s. He also predicted the price of BTC could reach $500,000 within the next two years, an observation that may be due to the current momentum.<\/span><\/p>\n<h2><span>Hoskinson Is \u201cHere Today Because Bitcoin Exists\u201d<\/span><\/h2>\n<p><span>In a <\/span><a href=\"https:\/\/www.youtube.com\/watch?v=1qh7PlT2tq4\" target=\"_blank\" rel=\"nofollow noopener\"><span>video<\/span><\/a><span>, Hoskinson said that he has been in the BTC space since the project\u2019s early days and it has become part of his life adding that he is \u201chere today [\u2026] because Bitcoin exists.\u201d Although he admitted that Bitcoin experienced some usage issues in its early days, he said that it has improved to eclipse <\/span><a href=\"https:\/\/fullycrypto.com\/ethereum-2-0-a-beginners-guide\"><span>Ethereum<\/span><\/a><span> and Solana.<\/span><\/p>\n<p><span>According to the Cardano founder, this improvement puts it in a unique position to rule the DeFi space that\u2019s currently dominated by Ethereum, Solana, and BNB Chain. Bitcoin\u2019s success in the decentralized finance world will also be largely supported by scaling layers pushing to open the Bitcoin network to <\/span><a href=\"https:\/\/fullycrypto.com\/nfts-a-beginners-guide-to-non-fungible-tokens\"><span>NFT<\/span><\/a><span>s and <\/span><a href=\"https:\/\/fullycrypto.com\/what-is-web-3-0\"><span>web3<\/span><\/a><span>.<\/span><\/p>\n<p><span>Hoskinson also revealed that he\u2019s working on a way to link Bitcoin with the Cardano blockchain through a bridge to support the growth of Bitcoin DeFi. The bridge will allow BTC holders to transfer their coins to Cardano to engage in DeFi activities and trade on decentralized exchanges.<\/span><\/p>\n<h2><span>More Countries Are Considering Investing in Bitcoin<\/span><\/h2>\n<p><span>Hoskinson\u2019s views come at a time when more countries and entities are considering investing in Bitcoin. Brazil, for example, is among the latest <\/span><a href=\"https:\/\/fullycrypto.com\/brazil-considering-strategic-bitcoin-reserve\"><span>countries<\/span><\/a><span> that are considering to put up <\/span><a href=\"https:\/\/fullycrypto.com\/what-is-a-strategic-bitcoin-reserve-and-how-would-it-work\"><span>a strategic BTC reserve<\/span><\/a><span>. President-elect Donald Trump is also considering making the United States <\/span><a href=\"https:\/\/fullycrypto.com\/donald-trump-advocates-for-bitcoin-mining-in-the-us\"><span>a BTC and crypto hub<\/span><\/a><span>.<\/span><\/p>\n<p><span>With Bitcoin scaling layers yet to gain mainstream adoption by developers and users, it may take longer before Bitcoin establishes itself as the DeFi king.<\/span><\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/fullycrypto.com\/cardano-founder-bitcoin-to-rule-defi-world-within-three-years?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=cardano-founder-bitcoin-to-rule-defi-world-within-three-years\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Philip Maina<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Philip Maina 2 days agoSat Nov 30 2024 08:41:19 Reading Time: 2 minutes Cardano founder believes bitcoin DeFi will rule the DeFi space in three years Charles Hoskinson said that Bitcoin has liquidity and is now scalable He also noted that Bitcoin is gaining more popularity and value Cardano blockchain founder Charles Hoskinson believes<\/p>\n","protected":false},"author":1,"featured_media":809575,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25047,1479],"tags":[],"class_list":["post-809574","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cardano","category-founder"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/809574","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=809574"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/809574\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/809575"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=809574"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=809574"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=809574"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}