Blockchain entrepreneur Charles Hoskinson, the founder of Cardano, has predicted that Bitcoin could reach as high as $250,000 by the end of this year or by 2026.
He attributes this potential growth to increased adoption by major technology companies and the clarity provided by emerging regulations, which he believes will catalyze the next phase of expansion in the cryptocurrency market.
During a conversation with CNBC on the “Beyond the Valley” podcast, Hoskinson noted that investors will likely adjust to ongoing macroeconomic changes, including rising geopolitical tensions and shifts in U.S. trade policies. He suggested that capital will begin flowing into digital assets once markets stabilize and the U.S. Federal Reserve reduces interest rates. Hoskinson explained,
“As the markets adjust to the new normal and the Fed lowers interest rates, we’ll see a surge of fast, cheap money, which will likely flow into crypto.”
Bitcoin briefly dipped below $77,000 earlier in the week but rebounded to over $82,000 following the pause in tariffs. However, despite this recovery, the asset remains significantly below its January record high of more than $100,000.
Hoskinson, who co-founded Ethereum and now leads Input Output, expressed optimism about the future of cryptocurrency, citing a 13% annual increase in global users, bringing the total to 659 million in 2024. He noted that the shift away from traditional financial systems, driven by geopolitical events like Russia’s invasion of Ukraine and China’s ambitions regarding Taiwan, highlights the limitations of existing global agreements. Consequently, he believes cryptocurrency is essential for fostering global economies in a fragmented world.
Despite these optimistic forecasts, Hoskinson revealed that he was not invited to the White House Crypto Summit on March 7, even though Cardano (ADA) was included in President Trump’s proposed crypto reserve. This highlights the ongoing tensions within the cryptocurrency industry, where some key players remain outside major governmental discussions.
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