The David Lin Report Cardano Founder: System Reset, $10-Trillion Bitcoin As Banks Die | Charles Hoskinson
Aug 27, 2025
Charles Hoskinson, Founder of Cardano and co-founder of Ethereum, shares bold predictions for Bitcoin, forecasting it could soar to $250,000 and $10 trillion soon. He discusses the evolution of blockchain technology and the critical need for decentralization to protect freedom. Reflecting on his journey from Ethereum to Cardano, he contrasts their approaches to network security, explores the transformative role of stablecoins, and delves into the future of decentralized finance, emphasizing innovation in governance and identity validation.
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Bitcoin As Digital Gold
- Bitcoin became a store-of-value by design after the big-block debate, and that role is sustainable long-term like digital gold.
- Hoskinson expects Bitcoin to approach a $10 trillion market cap in 5–10 years as it stays a simple base layer augmented by L2s.
Why He Left Ethereum
- Hoskinson recounted leaving Ethereum after six months due to philosophical differences with co-founders and later building Cardano.
- He framed Cardano as a counterfactual roadmap that might have emerged had he stayed at Ethereum.
PoS Design Trade-Offs
- The Merge added custody-like complexity to Ethereum with bonding and slashing and spawned liquid staking solutions.
- Hoskinson argues Cardano's Ouroboros proved liquid non-custodial PoS can run securely without locking and slashing.
