Charles Hoskinson, the founder of Cardano, has made a bold prediction regarding the future of Bitcoin (BTC). During an appearance on CNBC”s Squawk Box, he asserted that Bitcoin is poised to reach an impressive $250,000 within the next year, specifically by the end of 2026.
This forecast comes at a time when Bitcoin is experiencing notable volatility, currently fluctuating around $90,000. Hoskinson remains optimistic, believing that this downturn is merely a temporary setback and that Bitcoin will soon regain its bullish momentum.
According to Hoskinson, the cryptocurrency market is set for a robust recovery, which will enable Bitcoin to reclaim much of its recent losses. He highlighted that the leading cryptocurrency could rebound significantly from its current 26.6% pullback over the next two quarters, ultimately propelling its value to the predicted $250,000 mark.
Notably, this isn”t the first time Hoskinson has voiced such a target for Bitcoin. He previously maintained this price point, suggesting that Bitcoin could achieve it by mid-2026. However, he has now adjusted his timeline slightly, indicating that the rise to $250,000 could occur sooner than initially anticipated.
If Hoskinson”s prediction holds true, it would represent a staggering growth of approximately 170% from Bitcoin”s current market price, pushing its market capitalization to an estimated $4.98 trillion. As the cryptocurrency landscape continues to evolve, many investors and enthusiasts will be closely monitoring these developments to gauge the potential trajectory of Bitcoin.
As always, potential investors should conduct thorough research and remain aware of market fluctuations. For the latest updates and insights, follow our channels for exclusive news and analytics.
