Charles Hoskinson, founder of Cardano, assessed Bitcoin's future and commented on influencing factors during a conversation with CNBC.
Bitcoin and Its Predictions
Charles Hoskinson predicted that Bitcoin could reach $250,000 by the end of 2023 or by 2026. He links this potential to increased adoption of cryptocurrency by major tech companies and the clarity provided by emerging regulations.
Macroeconomic Influences on Cryptocurrencies
During the 'Beyond the Valley' podcast, Hoskinson stated that investors will likely adjust to ongoing macroeconomic changes, including rising geopolitical tensions and shifts in US trade policy. 'As markets adjust to the new normal and the Fed lowers interest rates, we will see capital flowing into digital assets,' he noted.
Current Processes in the Crypto Industry
Hoskinson pointed out a 13% annual increase in global cryptocurrency users, reaching 659 million by 2024. However, he mentioned that he was not invited to the White House crypto summit, despite Cardano's inclusion in President Trump's proposed crypto reserve.
Charles Hoskinson expressed optimism about the future of cryptocurrencies, emphasizing their role in a changing world.
