#Cardano founder Charles Hoskinson suggested that his longstanding network within the #Bitcoin community could give Cardano an advantage in the race to build Bitcoin DeFi. Speaking recently on The Breakdown podcast, Hoskinson revealed that he was once among the world’s largest Bitcoin holders. He noted that Cardano’s early crowdsale controlled 108,000 Bitcoin. He explained that funds raised in Japanese yen during the crowdsale were converted into Bitcoin, resulting in the massive holding. At Bitcoin’s price of roughly $250 at the time, the 108,000 BTC would have been worth about $27 million. Hoskinson also recalled discussing the holding with BitGo CEO Mike Belshe, describing the period as a “wild time.” However, Hoskinson did not clarify whether he or any entity associated with the Cardano project still holds the Bitcoin. Notably, he suggested that his early involvement in Bitcoin helped him build longstanding relationships with major holders across the ecosystem. He believes those connections could become valuable as Cardano seeks to attract Bitcoin liquidity into DeFi. https://t.co/Rxf4bv7pWv