Bitcoin (BTC), currently around $ 81,000, could rise up to $ 250,000 as soon as this year with technological giants such as Microsoft (MSFT) and Apple (AAPL) that enter the Crypt Arena, according to Charles Hoskinson, the founder of Cardano Blockchain.
Hoskinson’s comment echoes the feelings of investors, including Tom Lee de Fundstrat and the risk capitalist Tim Draper, as well as the financial giant Standard Chartered, who have mentioned that level as an objective for the greatest cryptocurrency in the world in recent years.
In an interview with CNBC, Hoskinson expressed optimism about the future of Bitcoin despite the recent turbulence of the market caused by the reciprocal rates policy of President Donald Trump, saying that he believed that the asset could increase so high “at the end of this year or next year”, since the concerns of the tariff strive and the activity of the Federal Reserve influences the market.
“The markets will stabilize a bit, and will get used to the new normality, and then the Fed will reduce interest rates, and then it will have a lot of fast and cheap money, and then it will be seen in the cryptography,” he said.
The encryption market has faced a sale of other risk assets in recent weeks, with Bitcoin submerging below $ 77,000 in recent days. He shot over $ 82,000 on Wednesday night after Trump reduced 10% tariffs for 90 days for most countries, allowing time for commercial negotiations.
Even so, Bitcoin remains 25% below its record of more than $ 109,000, reached in January.
Hoskinson pointed out the growing adoption of cryptocurrencies, with Crypto.com informing an interannual increase in 2024 and a changing geopolitical landscape as factors that could increase Bitcoin prices.
“If Russia wants to invade Ukraine, invade Ukraine. If China wants to invade Taiwan, he will do that. Therefore, the treaties really do not work so well, and global businesses really do not work so well there. Therefore, their only option for globalization is crypto,” he said.
In addition, Hoskinson predicted that the next US legislation, including a draft Stablecoin and the Law of Digital Assets Market and Investor Protection, would reinforce the cryptographic industry.
These bills, currently progressing through Congress, aim to clarify the regulatory framework for digital assets. Stablecoins, or tokens linked to fiduciary currencies, such as American dollars, could see the widespread adoption of “magnificent 7” technological giants, such as Apple, Microsoft and Amazon (AMZN), Hoskinson said.
As such, Hoskinson forecasts a temporary pause in the market over the next three to five months, followed by an increase of speculative interest around August or September. “That will probably carry another six to 12 months,” he said.
