$BULLBEARSX
Sudden SpikeSnapshot Window: 2026-07-25 01:00 UTC · ← Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 12, Retweets: 3, Likes: 24, Impressions: 382
Verbatim Community Citations & Social Evidence 1 source posts analyzed
Cardano founder Charles Hoskinson says Bitcoin can be mirrored into Cardano without a conventional bridge, and without a taxable event. "Because we're a UTXO system and Bitcoin's a UTXO system, and we figured out the zero knowledge side of it, you can take your Bitcoin on [Spoken audio]: rate, some sort of revenue and Bitcoin DeFi does open that avenue. Is that, is that something that you see being an opportunity here and some of the technology or has a unique capability that I don't think people fully understand? So we can do Bitcoin mirroring. So what we can do because we're a UTXO system and Bitcoin's UTXO system, and we figured out the zero knowledge side of it is that you can take your Bitcoin on tap root and through zero knowledge transaction, you can mirror it into Cardano in the non custodial ways. You're You're not using a conventional bridge. Now there's two advantages. The first, you're in control of that. Okay, so it doesn't get hacked. And the second advantage of this is it's tax neutral. You're not creating a new asset. You're mirroring your asset and on custodial waste somewhere else. You don't have a tax event.
