Charles Hoskinson, co-creator of Ethereum and the man who decided Cardano needed to exist, recently gazed into his crystal ball and declared Bitcoin would become the GDP of a small planet. 🌍
Hoskinson, with the confidence of a man who’s never seen a hamster wheel he couldn’t monetize, declared BTC might hit $250,000 this cycle and $10 trillion in market cap by 2029. He attributed this to “new US stablecoin rules,” which is crypto for “maybe regulators will stop panicking like startled chickens.” 🐔
Bitcoin’s Role And Limits
In an interview that probably involved tea and existential dread, Hoskinson argued Bitcoin’s design is like a family heirloom – excellent for showing off but not ideal for everyday payments. “Big block” debates? More like a family feud where everyone lost their keys. 🔑
“Layer Two solutions,” he said, “are where Bitcoin becomes a tricycle with a rocket engine.” This leaves room for other blockchains to handle “broader financial services,” like invoicing your dentist in Dogecoin. 🚀
Cardano’s Track Record And Staking
Cardano, Hoskinson’s “research-driven” project, was likened to a library book that’s been checked out for eight years. Its proof-of-stake model? Backed by 70% of ADA holders, which sounds impressive until you realize staking is basically a cult where you pay to be a member. 🕊️
Stablecoins, Hoskinson claimed, are the duct tape of crypto – holding everything together while everyone hopes it doesn’t snap. He told lawmakers they’re “like dollar bills for countries that treat money like a game of Jenga.” 💸
The GENIUS Act, now law thanks to former President Trump, was described as “a framework so genius it probably has its own fanfiction.” Meanwhile, stablecoins hit $250B in supply, which is either “huge” or “terrifying,” depending on how much caffeine you’ve had. ☕
A graph that looks suspiciously like a hamster on an upswing. 📈
Hoskinson called traditional exchanges “preposterous,” comparing them to a “particularly aggressive game of musical chairs where the chairs are made of paperwork.” Decentralized exchanges? “Imagine a bazaar where the rules are written in the sky and enforced by math.” 🧮
As for Bitcoin’s future? “It’ll stay digital gold,” he said, “while the rest of us turn money into a sci-fi novel where the currency is sentient and slightly annoyed.” 🤖
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2025-08-29 14:23