Cardano’s Charles Hoskinson is convinced the price of Bitcoin is on track to hit $250,000 before the end of next year, riding on the growing adoption from big corporations.
Charles Hoskinson, Cardano founder, is optimistic about the flagship cryptocurrency, Bitcoin (BTC), as he makes a bold prediction. According to his forecast, BTC can potentially hit $250,000 by the end of 2025 or 2026.
Bitcoin Marxist Voice Their Opinion
Noteworthy, Bitcoin is currently trading at $81,709.50, per CoinMarketCap data. The coin only hit this price after recovering 7.44% from a broader crypto market crash.
To reach Hoskinson’s projection, Bitcoin must grow by about 206% in less than one year. While the possibility of this prediction becoming a reality looks gloomy, the Cardano executive pointed to a probable catalyst.
During his podcast interview at CNBC, Hoskinson noted that the upcoming United States crypto legislation could turn mega-companies attention towards the crypto asset space.
At the same time, he sees the possibility of market stability returning once the “tariff stuff” proves insignificant. Should this be the case, it could set the stage for another bull run.
“[The crypto market] will stall for probably the next three to five months, and then you’ll have a huge wave of speculative interest come, probably [in] August or September, into the markets, and that’ll carry through probably another six to 12 months,” Hoskinson stated.
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” also believes in the prospects of Bitcoin, especially in comparison to other assets. He recently raised concerns again over the state of the global economy, encouraging investors to stop trusting traditional financial systems and turn to assets like BTC that can hold value as inflation rises.
With such attention on the flagship cryptocurrency, it may eventually reach Hoskinson’s predicted level.
Market Manipulation Claims on President Trump
Regarding Donald Trump’s tariff, US Massachusetts senior Senator Elizabeth Warren has demanded that an investigation be launched. She accused the US president of intentionally manipulating the stock market to favor his Wall Street donors while Americans and small businesses paid the price.
Her argument stems from Trump’s post on his Truth Social account, asking billionaires to leverage the “great time to buy.” Not too long after this post, he announced a 90-day pause on almost all tariffs, which led to multiple asset rallies.
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