Charles Hoskinson: “Bitcoin will hit $250,000”
- “Bitcoin will hit $250,000 before the end of the bull cycle.” Cardano founder Charles Hoskinson made this prediction in a recent interview.
- What could fuel the price? The former CEO of the Ethereum Foundation has several answers.
- On the one hand, he points to various sovereign wealth funds that are now increasingly investing in Bitcoin. The Norwegian sovereign wealth fund recently expanded its holdings again.
- Hoskinson cites the US as another bullish indicator. “They hold 212,000 Bitcoin.” Recently, however, there had been speculation that the United States actually holds only a fraction of the amount in its sovereign wallets.
- But the demand from retail and especially institutional investors should not be neglected, says the Cardano founder.
- “It's all pretty crazy when you think about it. That's why I think Bitcoin's market capitalization will likely rise to around $10 trillion in the next five years.”
- By comparison, Bitcoin's current market capitalization is $2.2 trillion. The cryptocurrency's value would have to increase fivefold by 2030 for Hoskinson to be right.
- Recently, dovish statements from the US Federal Reserve (Fed) have raised hopes among Bitcoin investors. You can read about Bitcoin's potential short-term price performance here: Bitcoin: The cryptocurrency faces a volatile month ahead.
- At the same time, Charles Hoskinson is driving technological integration: XRP is expected to be natively available in Cardano's Lace wallet by the end of 2025. Read more here: SEC slows Cardano ETF, Hoskinson accelerates XRP integration
Featured Video Exclusive Interview with Cardano (ADA) Founder Charles Hoskinson
Sources
- Charles Hoskinson Interview