Bitcoin Price Prediction from Cardano Founder: It Will Reach 250 Thousand Dollars by This Date! - Coin Bulletin

Cardano founder Charles Hoskinson has suggested that the Bitcoin (BTC) price could rise to $250K by the end of this year or next year.**

Cardano and Input Output HK's co-founder Charles Hoskinson stated in a podcast interview with CNBC that the price of Bitcoin could see a significant rise in the short term. Hoskinson noted that cryptocurrency regulations in the US could attract large companies to the sector, and expressed that a new bull rally could begin with the re-establishment of stability in the markets.

Hoskinson believes that the stagnation in the markets will last for about 3 to 5 months more, but that the interest of speculative investors will rapidly increase in August or September. He suggested that this interest could carry the markets for the next 6 to 12 months.

Hoskinson also believes that despite the negative impact of the new tariffs that Trump continually announces on the market, this situation is temporary. He stated that with the resolution of the tensions between the US and China, confidence in the markets will be restored and that the FED will provide liquidity to the cryptocurrency market by lowering interest rates.

Steps into crypto are growing from development companies

According to Hoskinson, the stablecoin laws expected to be accepted in the USA could attract giant tech companies like Apple, Microsoft, and Amazon, referred to as the "Magnificent 7", into the cryptocurrency sector. The two significant current bills in the USA, GENIUS and STABLE, have passed through the Senate and House of Representatives committees, respectively. This development is believed to enhance trust in the market.

Additionally, Hoskinson mentioned the Crypto.com data indicating that the number of cryptocurrency users globally has increased by 13 percent to reach 659 million as a supporting factor for his prediction.

Hoskinson emphasized that due to the increasing geopolitical uncertainties, companies may see cryptocurrencies as the only alternative for international trade. Especially the weakening of the rules-based global order after the Russia-Ukraine war could accelerate this process.

Bitcoin has shown a recovery after Trump's temporary halt on tariffs, but it is currently trading at 81,852 dollars, which is approximately 24 percent below its all-time high of 108,786 dollars in January.