Charles Hoskinson, founder of the Cardano blockchain, recently made a bold forecast for Bitcoin (BTC), the world’s leading cryptocurrency. Hoskinson predicted that Bitcoin could hit the $250,000 mark later this year.
Why is Charles Hoskinson Optimistic About Bitcoin?
The Cardano founder gave the prediction while speaking at CNBC’s Beyond The Valley podcast on Tuesday. He noted that his Bitcoin projection is based on tech giants like Microsoft and Apple entering the crypto space. Hoskinson added that several incoming regulations will bring real-world adoption.
His comments came as Bitcoin climbed back over $82,000 in today’s morning trading session. This bullish price reversal followed a sharp decline to $77,000, triggered by growing macroeconomic pressures. These include US President Donald Trump’s “reciprocal tariffs” on multiple countries, as we covered in our latest report. However, President Trump pulled back mid-week, dropping the tariffs to 10% for 90 days to give most countries time for trade negotiations. That decision relieved the market and restored some confidence in risk assets like crypto.
Still, Bitcoin is far below its January high of $109,000, even as industry players remain bullish. Hoskinson, however, stated that he is worried about Bitcoin’s recent price decline. The Cardano founder believes Bitcoin will reach $250,000 by the end of 2025 or next year. He highlighted several reasons that could propel Bitcoin to hit the $250,000 target. Firstly, he pointed out that the crypto market is seeing rising adoption. He cited data from Crypto.com that showed global crypto ownership grew by 13% in 2024, bringing total users to 659 million. Also, institutional Bitcoin buying surged in Q1 2025, as we discussed earlier.
Charles argued that rising adoption pressure and global tensions would push governments and institutions to consider crypto investments. He added that the global geopolitical situation is moving from a “rules-based international order to a great powers conflict.” Hoskinson cited the war between Russia and Ukraine as an example of how global order is deteriorating. “So treaties don’t really work so well, and global business doesn’t really work so well there. So your only option for globalization is crypto,” Hoskinson noted.
Stablecoin Regulation to Shape Crypto
Furthermore, Charles Hoskinson opined that upcoming stablecoin regulations will help reshape the crypto market. He believes new stablecoin legislation and the Digital Asset Market Structure and Investor Protection Act will likely be passed. According to Hoskinson, this will allow major tech companies to begin integrating stablecoins into their systems.
In particular, the stablecoin bill could favor the “Magnificent 7” companies, a group of seven mega-cap technology stocks including Apple, Microsoft, and Amazon. These technology giants could use stablecoins to pay workers in different countries or even facilitate small transactions on their platforms.
Meanwhile, the Trump-backed World Liberty Financial (WLFI) project has announced plans to launch its USD1 stablecoin. In a recent update we covered, WLFI confirmed that BitGo will serve as the custody provider. However, a lawmaker has raised alarms about political influence over U.S. monetary systems.