The industry veteran and founder of the Cardano blockchain, Charles Hoskinson, stated during a conversation with media representatives that as early as the current year, the price of Bitcoin could reach the $250,000 mark.
Mr. Hoskinson also expects that technology giants will enter the cryptocurrency space. In this case, it means companies such as Microsoft and Apple.
Recently, crypto markets have faced losses amid a sell-off of risk assets stoked by the reciprocal tariffs of United States President Donald Trump. Last week, Bitcoin was trading below the $77,000 mark. Last Wednesday, April 9, the corresponding figure rose to $82,000. This increase in the price of Bitcoin was recorded after Donald Trump announced a 90-day pause in higher tariffs. The mentioned decision implies that 10% US levies will be relevant for most countries during the specified period. According to media reports, in this case, Donald Trump formed the opportunity for trade negotiations between Washington and other world capitals.
At the same time, the Bitcoin price still remains well below the record high of $100,000 fixed in January. This mark remains a memory from the recent past. At the same time, as noted by the media, industry players continue to demonstrate optimistic sentiments regarding the prospects of cryptocurrencies.
Charles Hoskinson, who has been involved in the cryptocurrency area for over a decade and helped co-found the Ethereum blockchain, predicts that by the end of the current year or early 2026, the Bitcoin price will reach the $250,000 mark. During a conversation with media representatives, he stated that the tariff stuff would be a dud. In his opinion, people will realize that the world is willing to negotiate, and in fact, it’s just the United States versus China. He expects that a lot of people will side with the US. Charles Hoskinson also noted that some people will side with China.
Mr. Hoskinson predicts that the markets will stabilize a little bit, and they will get used to the new normal, after which the Federal Reserve will cut interest rates, and then there will be a lot of fast and cheap money that will pour into the cryptocurrency industry.
It is worth noting that Charles Hoskinson, who is also the founder of Input Output, or IOHK, made his statements even before Donald Trump announced a 90-day pause on full-blown reciprocal tariffs.
According to Mr. Hoskinson, there are several reasons that the Bitcoin price will show significant growth. In the relevant context, he noted that the number of users of cryptocurrencies has increased. Data from Crypto.com shows that in 2024, the number of digital currency owners rose by 13% year-on-year, reaching 659 million people.
Also, in the context of reflecting on the reasons for the rise in the price of Bitcoin, Charles Hoskinson stated that the geopolitical situation is moving from a rule-based international order to a great powers conflict. According to him, treaties are not working so well, and global business is not working so well. He noted that under the appropriate conditions, the only option for globalization is cryptocurrency.
Charles Hoskinson also stated that there will be new stablecoin legislation and the Digital Asset Market Structure and Investor Protection Act will also likely get passed. According to him, this will help the cryptocurrency market and will contribute to the growth of the Bitcoin price. The law aims to address the regulatory treatment of various digital assets. Both bills are currently working their way through the US legislative process.
Stablecoins are a type of cryptocurrency pegged to a fiat currency but backed with real-world assets. According to Charles Hoskinson, the stablecoin bill, in particular, can lead the Magnificent 7 to begin adopting digital assets. The Magnificent 7 is a group of seven mega-cap technology stocks, including Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. Charles Hoskinson stated that these technology giants can use stablecoins to pay workers in different countries or even to facilitate small transactions on their platforms, which ordinarily would be expensive on existing payments rail. Stablecoins can be sent quickly from one wallet to another across the world.
Charles Hoskinson stated that the crypto market will be reignited under the impact of the mentioned factors, in particular by the passing of the regulation and the adoption of stablecoins by the Magnificent 7. Also, according to him, this market will probably stall for the next three to five months. He suggests that in August or September, the crypto market will have a huge wave of speculative interest, and this will carry through six to 12 months.
As we have reported earlier, Jack Dorsey Pushes Signal to Launch Bitcoin Payments.
