Cardano founder Charles Hoskinson predicts that Bitcoin could reach $250,000 by the end of this year. During an interview with CNBC, Hoskinson believed there were optimistic predictions for several factors, including increased adoption of crypto, US law regarding Stablecoins, and involvement of major tech companies. He also pointed out that the market may stall for the next 3-5 months, but in the end of summer or early fall, he expects speculative interest to boost prices for the next 6-12 months.
Hoskinson’s comments are as Bitcoin is recovering from a sudden DIP of less than $77,000 caused by global uncertainty following US President Donald Trump’s tariff announcement. Volatility around these tariffs rattles both traditional markets and crypto assets. But Trump’s decision to lower tariff rates helped ease concerns temporarily, pushing Bitcoin back over $82,000. Still, Bitcoin has fallen nearly 24% from its peak at $108,786 in January.
However, Hoskinson dismissed the tariff situation as non-issue in the long run, explaining that global markets will stabilize once trade tensions between the US and China are resolved. He believes that geopolitical tensions in Eastern Europe and tensions surrounding China and Taiwan further cement the need for cryptography as a global solution. “So the treaty doesn’t work very well. Global business doesn’t work very well,” Hoskinson said, stressing that cryptography could be the only viable option for business globalization.
In addition to his market forecasts, Hoskinson expressed confidence in US regulatory development that could drive the crypto space forward. The two bills through Congress, the Genius Act and the Stable Law, aim to provide clear regulatory guidelines for Stablecoins. He also points out the digital asset market structure and investor protection laws and acts as a key law that can create a clearer framework for US crypto assets.
Hoskinson said that cryptocurrency adoption is on the rise, with Crypto.com reporting a 13% increase in global crypto users from the previous year, totaling 659 million. As more institutional players enter the market and governments and businesses turn more and more attention to crypto for globalization, Hoskinson remains bullish on the future of Bitcoin. He expects markets to stabilize, interest rates fall, liquidity will increase and cryptocurrency will further increase the likelihood of its cryptocurrency.