- Hoskinson believes that Bitcoin will rally to $250k; he cites reasons such as increased usage and regulatory adoption.
- He notes that a new stablecoin regulation could offer market clarity and boost the prices of digital assets.
- The CEO predicts Bitcoin could hit unprecedented highs by late 2025 or early 2026, fueled by adoption and legislation.
Cardano Founder Charles Hoskinson has made a bold prediction about Bitcoin’s price: He claims that BTC will surge to $250K by “this year or next.” Hoskinson premised his assertion on a mix of favorable macroeconomic trends, stablecoin adoption, and pro-crypto regulations. He highlighted the increased involvement of top tech firms such as Apple and Microsoft in the crypto space.
Hoskinson Predicts Bitcoin Growth Amid Global Turmoil and Economic Shifts
BTC struggled in the past month due to the broader market liquidation amplified by the ongoing global trade war. As a result of this market tension Bitcoin lost its footing and slipped below the $77,000 mark. Hoskinson roots for the coin to recover and skyrocket to $250,000 within the months that follow.
In a recent Beyond The Valley podcast, Hoskinson outlined several key factors that could drive Bitcoin’s growth. He highlighted the ongoing regional conflict. In that regard, the CEO explained that world powers are taking actions that directly jeopardize international treaties, thus crumbling the global financial market.
Considering these actions, Hoskinson posited that digital assets could become more valuable as they offer an alternative for conducting cross-border transactions. The Cardano CEO also opined that investors could adjust to current macroeconomic trends, such as the ongoing trade war between the US and China. He noted that once market tension cools and the US Federal Reserve lowers interest rates, the crypto sector could witness a capital injection, which could result in an uptrend.
Hoskinson stated:
The markets will stabilize a little bit, and they’ll get used to the new normal, and then the Fed will lower interest rates, and then you’ll have a lot of fast, cheap money, and then it’ll pour into crypto.
Bitcoin Set for Surge Amid Rising Adoption and New Regulations
Hoskinson drew attention to the rising mainstream adoption of digital assets as a possible propeller of Bitcoin’s price. Last year, global crypto ownership spiked by 13% to 659 million people, signaling increased crypto demand. Increased adoption could lead to higher gains.
The Cardano chief also touched on the positive ripple effect a new stablecoin regulation would create on the crypto market. The bill, named the Investor Protection Act, alongside the Digital Asset Market Structure, is currently being deliberated by lawmakers. These measures aim to provide regulatory clarity and could provide a needed market boost if adopted.
Hoskinson suggests that the market will consolidate in the medium term. However, he believes the market could witness positive speculation by the end of 2025 or early next year. Hoskinson added that this renewed outlook and the legislative changes could push Bitcoin’s price to unprecedented highs. Bitcoin bounced back to trade at $82,000 on Wednesday after a rough March. At the time of writing, BTC changes hands at $81,767 following a modest intraday uptick.
