Bitcoin’s price set to reach $250,000 in a year, says Charles Hoskinson, Cardano founder

is speculated to drop back down to $60,000. Despite this short-term correction, Charles Hoskinson, the founder of Cardano, remains optimistic about Bitcoin’s future within the next year. He envisions that the digital gold asset could potentially surge to $250 by late 2025 or early 2026.

Hoskinson attributes this positive outlook to several factors, primarily pointing to the evolution of regulations surrounding cryptocurrencies in the United States. Additionally, he highlights the increasing acceptance and integration of stablecoins by major tech companies. Moreover, Hoskinson anticipates that the US Federal Reserve may show allegiance to digital assets in the near future.

“The moment the Federal Reserve reduces interest rates, there will be an influx of readily available and inexpensive capital that will inevitably find its way into the realm of cryptocurrencies,” stated Hoskinson.

Following a recent drop below $77,000, Bitcoin swiftly rebounded, climbing back above $82,000 by April 9. Hoskinson believes that prominent technology behemoths like Apple, Microsoft, and Amazon will leverage stablecoins for global transactions, paving the way for cryptocurrencies to become the preferred mode of payment processing. He argues that during times of economic unease due to trade disputes and tariff conflicts, cryptocurrencies present a superior decentralized alternative to conventional financial systems.

“Cryptocurrency is the sole avenue for embracing globalization,” emphasized the Cardano founder.

Further reinforcing his stance on the future of cryptocurrency, he underscored the pivotal role stablecoins could play in revolutionizing the global financial landscape. With a bright outlook on the potential growth of digital assets, Hoskinson envisages a thriving market bolstered by increased mainstream adoption and usage of cryptocurrencies.

Source: CNBC.