In a recent interview with CNBC, Cardano founder Charles Hoskinson shared his views on Bitcoin's future, predicting its rise to $250,000 by the end of 2025 or 2026.
Hoskinson's Bitcoin Prediction
Hoskinson believes Bitcoin could more than double in price due to Federal Reserve rate cuts and increased crypto user adoption. He noted that while Bitcoin is currently struggling to surpass $100,000, the market should stabilize, creating favorable conditions for crypto investments. "I think the markets will stabilize a bit, and they’ll get used to the new normal, and then the Fed will lower interest rates... that will lead to a lot of capital flowing into crypto," Hoskinson stated.
Impact of Stablecoin Regulations
Hoskinson also mentioned that stablecoin regulations may prompt major global firms to adopt them. Coupled with global conflicts, this could lead to more countries using cryptocurrencies for international settlements. He forecasted that the market would stall for the next three to five months, followed by a wave of speculative interest that could last another six to twelve months.
Current Challenges for Bitcoin
However, in the short term, Bitcoin may fluctuate around $80,000 due to declining network growth. Data from CryptoQuant shows that Bitcoin's active user count has dropped by 22% — from 101,000 to 78,000. For Hoskinson's prediction to come true, network activity needs to increase, indicating a surge in demand.
Hoskinson's predictions highlight significant factors influencing the cryptocurrency market, including economic trends, regulation, and consumer interest. Current patterns suggest that for Bitcoin to grow, network stabilization and increased attractiveness are essential.
