Charles Hoskinson, founder of Cardano and chief executive at Input Output Global (IOG), predicted that Bitcoin could reach a long-term price between $250,000 and $500,000. He made the statement during a session at the recent Bitcoin Conference. Hoskinson described increased institutional inflows and Bitcoin’s evolving perception as a store of value as key factors behind the projection.
In addition to price commentary, Hoskinson introduced plans to expand Cardano’s decentralized finance (DeFi) ecosystem to include both Bitcoin and XRP. The developments focus on building technical compatibility across networks without altering the fundamental rules of each protocol.
Hoskinson Talked About Bitcoin’s Core Principles and Their DeFi Limitations
During the session hosted by Input Output Global, Hoskinson revisited Bitcoin’s early days. He discussed how Bitcoin has remained true to its original design. Hoskinson pointed out that Bitcoin’s identity is governed by three fundamental principles: all transactions must use BTC, fees must be paid in BTC, and all yield must be derived from BTC itself.
While these rules preserve Bitcoin’s purity, they have hindered its ability to participate in broader DeFi system. Hoskinson argued that DeFi is growing beyond these constraints and that infrastructure must adapt to support it without altering Bitcoin’s foundational model.
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Hoskinson introduced a modular infrastructure stack that could layer DeFi capabilities onto Bitcoin without compromising its original principles. He cited developments such as the Sundial project, the Bitcoin Operating System, and work from ecosystem teams like Fairgate as part of this effort.
Hoskinson also noted that Input Output Global is developing a new wallet architecture. These wallets will allow users to toggle between traditional Bitcoin usage and DeFi features while still transacting solely in BTC. The approach enables DeFi functions such as lending and borrowing without introducing external tokens or altering the network’s consensus.
XRP DeFi Coming to Cardano?
Hoskinson also confirmed that Cardano plans to integrate XRP into its DeFi ecosystem. XRP is commonly used in cross-border payment networks and is expected to serve as another supported asset within Cardano’s architecture.
The integration is intended to support asset interoperability between blockchain networks. According to Hoskinson, the objective is to allow Cardano users to interact with both Bitcoin and XRP through DeFi tools without requiring custodial or centralized bridges.
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TOken Rebounds Following Strategic Announcements
Cardano’s native token, ADA, rose 0.99% over the past 24 hours, trading at $0.668. The movement followed a rebound from a key support range between $0.653 and $0.60 after the token declined 5.8% on May 31.
Technical indicators suggest a short-term shift in market sentiment. The 14-day Relative Strength Index recently moved higher after reaching oversold conditions. ADA is currently approaching the 20.6% Fibonacci retracement level near $0.609, which may serve as a resistance zone if momentum continues.