- Charles Hoskinson plans to bring DeFi to Bitcoin through Cardano’s ecosystem, with a demo expected by May 2025.
- Partnerships and infrastructure upgrades like the Hydra testnet position Cardano to unlock Bitcoin’s untapped DeFi potential.
Confirming that Cardano is following its 2020 bullish pattern, Cardano Feed (ADA) reveals that a top analyst plans to take profits between $4 and $6. This aligns with a recent prediction shared by CNF, where Cardano founder Charles Hoskinson suggested that Bitcoin DeFi could outpace Ethereum and Solana.
Additionally, as shared in a recent tweet by Mario Nawfal’s Roundtable, it was noted We could be witnessing BTC go from OG coin to DeFi powerhouse real soon. let’s Keep your eyes peeled.
CARDANO’S GONNA MAKE BITCOIN DEFI HAPPEN BY 2025
Cardano’s about to drag Bitcoin into the DeFi game!
Charles Hoskinson’s making moves with IOG’s 2025 roadmap, planning a demo by May.
He’s linking up with Fair Gate Labs to make it pop, plus some collabs with wallets and… pic.twitter.com/KKZ2OnpcIL
— Mario Nawfal’s Roundtable (@RoundtableSpace) December 10, 2024
Charles Hoskinson has outlined ambitious plans to advance Bitcoin’s decentralized finance (DeFi) capabilities. He announced that Input Output Global (IOG) will begin focusing on this initiative in 2025, with a demo expected in May of that year. To achieve this, IOG will collaborate with Fair Gate Labs and other ecosystem players, including community projects and wallets.
Building Bridges with Bitcoin
This initiative aligns with Cardano’s efforts to integrate Bitcoin into DeFi, recently exemplified by its partnership with the BitcoinOS Bridge. Hoskinson described Bitcoin as a “sleeping giant” with untapped potential, emphasizing the opportunity to unlock new use cases.
Meanwhile, Cardano has been optimizing its infrastructure. Its Hydra testnet recently achieved an unprecedented 1 million transactions per second (TPS), demonstrating its scalability and readiness for DeFi expansion.
Aiming for DeFi Expansion
Bringing DeFi to Bitcoin represents a challenging yet transformative opportunity for Cardano and IOG. With Bitcoin’s massive user base, introducing advanced DeFi products could reshape its role in the crypto ecosystem.
Hoskinson has expressed optimism about the timeline, emphasizing the importance of creating a strong foundation for this vision. Currently, Cardano ($ADA) is trading at $1.01, reflecting a 3.21% increase in the past day and a 16.46% decline over the past week.
