Cardano Founder Predicts Bitcoin Price Will Hit $500,000 Within 2 Years

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Bitcoinist 12h ago

Cardano Founder Predicts Bitcoin Price Will Hit $500,000 Within 2 Years - Bitcoinist

Quick Summary:

Charles Hoskinson, the founder of Cardano and a co-founder of Ethereum, has forecasted that Bitcoin could reach a price between $250,000 and $500,000 within the next 12 to 24 months.

Speaking during a livestream on November 26, 2024, Hoskinson attributed this potential surge to governments talking about a strategic Bitcoin reserve and the integration of decentralized finance (DeFi) capabilities into the network.

Hoskinson detailed how Cardano could facilitate interoperability with Bitcoin through the use of wrapped BTC tokens on the Cardano blockchain, enabled by trustless bridge mechanisms and virtual machines like BitVM.