Charles Hoskinson, the founder of Cardano and a co-founder of Ethereum, predicts that Bitcoin could reach a price between $250,000 and $500,000 within the next 12 to 24 months.
Hoskinson attributes this potential surge to governments discussing a strategic Bitcoin reserve and the integration of decentralized finance (DeFi) capabilities into the network.
He believes that DeFi within the Bitcoin ecosystem will surpass all other blockchain ecosystems in the next two to three years.
Hoskinson highlights Cardano's suitability as a platform for developing hybrid applications that operate on both Bitcoin and Cardano networks.