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Bitcoin Needs Its Own Bretton Woods, Says Cardano Founder

  • Cardano founder Charles Hoskinson calls for a 'crypto-native Bretton Woods' with Bitcoin anchoring an algorithmic stable-value system outside commercial banks' influence.
  • Hoskinson criticizes centralized, dollar-backed stablecoins, advocating for algorithmic alternatives that maintain Bitcoin's decentralization.
  • He dreams of Bitcoin as an algorithmic stablecoin with pure BTC collateral, akin to the gold-backed US dollar under the Bretton Woods agreement.
  • Hoskinson predicts a supply squeeze for Bitcoin with growing institutional and sovereign accumulation, suggesting holders may opt for non-custodial lending over divesting to manage tax implications.

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