Hoskinson predicts Bitcoin reaching $250K, Big Tech Companies Embracing Stablecoins
The price of Bitcoin (BTC) is currently sitting around $81,000, and there are predictions that it could skyrocket to as high as $250,000 in the near future. According to Charles Hoskinson, the founder of the Cardano blockchain, the entry of tech giants like Microsoft (MSFT) and Apple(AAPL) into the cryptocurrency arena could be a major catalyst for this surge in value. This sentiment is shared by other investors like Fundstrat’s Tom Lee, venture capitalist Tim Draper, and financial giant Standard Chartered, who have highlighted this price level as a potential target for Bitcoin in the past.
In a recent interview with CNBC, Hoskinson expressed optimism about the future of Bitcoin despite recent market fluctuations caused by President Donald Trump’s tariffs policy. He believes that Bitcoin could reach $250,000 “by the end of this year or next year” as concerns over tariffs subside and Federal Reserve decisions impact the market. Hoskinson anticipates that as the markets stabilize and adjust to new norms, the Federal Reserve will likely lower interest rates, leading to an influx of fast, cheap money that could flow into cryptocurrencies like Bitcoin.
The cryptocurrency market has seen a recent downturn, with Bitcoin falling below $77,000 before climbing back up to over $82,000 after President Trump announced a temporary reduction in tariffs to 10% for 90 days for most countries to facilitate trade negotiations. Despite this recovery, Bitcoin is still about 25% below its all-time high of over $109,000 reached earlier this year.
Hoskinson attributes the potential for Bitcoin’s price surge to factors such as the increasing adoption of cryptocurrencies and changes in the global geopolitical landscape. He points out that traditional treaties may not hold much weight in today’s world and that cryptocurrencies like Bitcoin could offer an alternative platform for globalization.
Furthermore, Hoskinson believes that upcoming U.S. legislation, including bills related to stablecoins and investor protection, will help bolster the crypto industry. These bills are currently making their way through Congress and aim to provide a clearer regulatory framework for digital assets. Hoskinson speculates that stablecoins, which are digital tokens pegged to fiat currencies like the U.S. dollar, could gain widespread acceptance among major tech companies known as the “Magnificent 7,” which include Apple, Microsoft, and Amazon (AMZN).
Looking ahead, Hoskinson predicts a temporary period of market stagnation for the next three to five months, followed by a resurgence of speculative interest around August or September. This renewed interest could potentially fuel further growth in the cryptocurrency market for the following six to 12 months.
