Charles Hoskinson, founder of Cardano, has predicted that Bitcoin could reach $250,000 by the end of this year or next.
Hoskinson’s comments come as Bitcoin is recovering from a sharp dip below $77,000 caused by global uncertainty following U.S. President Donald Trump’s tariff announcements. The volatility around these tariffs had rattled both traditional markets and crypto assets. However, Trump’s decision to reduce the tariff rate temporarily helped ease the concerns, pushing Bitcoin back above $82,000. Still, Bitcoin is down nearly 24% from its peak of $108,786 in January.
Hoskinson, however, dismissed the tariff situation as a non-issue in the long run, explaining that the global market would stabilize once the trade tensions between the U.S. and China are resolved. He believes that geopolitical tensions in Eastern Europe as well as tensions surrounding China and Taiwan have further cemented the need for crypto as a global solution. “So treaties don’t really work so well, and global business doesn’t really work so well there,” Hoskinson said, emphasizing that crypto could be the only viable option for business globalization.
In addition to his market predictions, Hoskinson expressed confidence in the regulatory developments in the U.S. that could propel the crypto space forward. The GENIUS Act and the STABLE Act, two bills making their way through Congress, are aiming to provide clear regulatory guidelines for stablecoins, a step that could pave the way for tech giants, including Apple, Microsoft and Amazon, to adopt crypto solutions. He also pointed to the Digital Asset Market Structure and Investor Protection Act as a critical piece of legislation that could create a clearer framework for crypto assets in the U.S.
Hoskinson noted that the adoption of cryptocurrencies is on the rise, with Crypto.com reporting a 13% year-over-year increase in global crypto users, bringing the total to 659 million. With more institutional players entering the market, and as governments and corporations increasingly look to crypto for globalization, Hoskinson remains bullish on Bitcoin’s future. He anticipates that the markets will stabilize, interest rates will fall, and liquidity will increase, further boosting cryptocurrency’s potential.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
