Charles Hoskinson, the founder of Cardano (ADA), believes that Bitcoin (BTC) stands for a huge price explosion in the coming months. In conversation with David Lin, Hoskinson says he expects a Bitcoin course of $ 250,000 before the end of this bull market.
This will bring Bitcoin to $ 250,000
The founder of Cardano sees a major role for Bitcoin Defi in the coming years. According to him, it becomes a game changer as soon as investors can actually get a return from their bitcoin.
“The moment you can earn interest and do something with your bitcoin, everything changes,” he says. “Then Bitcoin gets a yield. That makes it a very attractive instrument, because the downward risk is limited compared to all those other experimental projects. At the same time, it in many cases offers similar upward potential as other tokens.”
He expects the total market value of Bitcoin to be able to quadruple more than the next five years, above 10 trillion dollars, driven by financial products that are built around Bitcoin Defi.
Bitcoin’s most important engine
“That will be the most important engine to get Bitcoin to that 10 trillion,” he explains. “Then structured financial products can offer returns. Wall Street can divide them, as safely classifying and assessing. Then people will simply take it up, just like gold in their pension accounts and 401Ks. The regulations will make that possible.
Once that clarity is there, and all rules are complete, Bitcoin will be treated if any other financial possession, for both investments and taxes. At that time there is a huge flow of capital to Bitcoin, because it is a hard asset, just like gold. ”
Source: https://newsbit.nl/cardano-oprichter-charles-hoskinson-dit-kan-bitcoin-naar-250-000-brengen/
