{"id":19033,"date":"2024-11-29T12:03:14","date_gmt":"2024-11-29T10:03:14","guid":{"rendered":"https:\/\/forklog.com\/en\/charles-hoskinson-predicts-bitcoin-surge-to-500000-within-two-years\/"},"modified":"2024-11-29T12:03:14","modified_gmt":"2024-11-29T10:03:14","slug":"charles-hoskinson-predicts-bitcoin-surge-to-500000-within-two-years","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/charles-hoskinson-predicts-bitcoin-surge-to-500000-within-two-years\/","title":{"rendered":"Charles Hoskinson Predicts Bitcoin Surge to $500,000 Within Two Years"},"content":{"rendered":"<p>The price of Bitcoin could reach $250,000 to $500,000 within 12 to 24 months due to an influx of investments and growing interest in the asset, according to Cardano founder Charles Hoskinson.<\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"On Bitcoin\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/1qh7PlT2tq4?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div>\n<\/figure>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThis will lead to an ecosystem whose value will begin to approach the capitalization of gold, an asset people have used as a store of value for over 5,000 years. Bitcoin fulfills this role on the internet and will maintain it for the foreseeable future,\u201d the entrepreneur stated.<\/p>\n<\/blockquote>\n<p>According to him, the catalysts for demand for the first cryptocurrency will be DeFi and governments.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cNo matter how good Ethereum, Solana, and Cardano are, let\u2019s be honest: authorities talk about strategic reserves exclusively in Bitcoin. This is their entry point,\u201d Hoskinson emphasized.<\/p>\n<\/blockquote>\n<p>He noted that the decentralized finance layer for the digital gold blockchain opened with the Taproot upgrade. This allows the first cryptocurrency to become an \u201cawakened giant, four times larger than Solana and Ethereum combined.\u201d<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe reality is that when these gateways open, I think DeFi in the Bitcoin ecosystem will eclipse this segment in the entire rest of the industry within 24 to 36 months. And this is thanks to scale and liquidity,\u201d Hoskinson believes.<\/p>\n<\/blockquote>\n<p>Users can already \u201cenable DeFi mode\u201d for their BTC on Cardano by linking with a \u201cwrapped token\u201d on the network, he noted. In October, the BitcoinOS project launched the cross-chain bridge Grail, allowing the transfer of the first cryptocurrency and ADA between blockchains.<\/p>\n<p>A similar solution was also presented by the team at The Open Network (TON).<\/p>\n<p>However, a researcher known as Duo Nine believes that \u201cpumping\u201d Bitcoin liquidity into DeFi protocols in such ways constitutes a \u201cvampire attack\u201d on the network and threatens its security.<\/p>\n<p>Back in May, Hoskinson <a href=\"https:\/\/u1f987.com\/en\/news\/charles-hoskinson-likens-bitcoin-to-religion\">compared<\/a> the first cryptocurrency to religion and later suggested this could lead to a loss of its market position in the long term.<\/p>\n<p>He also expressed doubts about the true decentralization of Bitcoin.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The price of Bitcoin could reach $250,000 to $500,000 within 12 to 24 months due to an influx of investments and growing interest in the asset, according to Cardano founder Charles Hoskinson. \u201cThis will lead to an ecosystem whose value will begin to approach the capitalization of gold, an asset people have used as a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19032,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[471,1146,1138],"class_list":["post-19033","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-charles-hoskinson","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=19033"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/19033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/19032"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=19033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=19033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=19033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}