Charles Hoskinson Forecasts Bitcoin Surge to $250,000 by Year-End

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Charles Hoskinson, the founder of the prominent altcoin Cardano (ADA) and co-founder of Input Output HK, has made an audacious prediction regarding Bitcoin’s future. In a recent interview with CNBC, Hoskinson stated that Bitcoin could reach $250,000 by the end of the year. He attributes this optimistic forecast to several factors, including increased global adoption, regulatory developments in the United States, and the restoration of market stability. Hoskinson believes concerns over tariffs impacting the market are largely exaggerated and will soon fade.

“U.S. Regulations Could Encourage Major Players”

Legislations related to stablecoin regulation in the United States are advancing rapidly. Lawmakers, with direct support from President Donald Trump, are taking significant steps to establish a clear legal framework for cryptocurrencies. Currently, two critical bills are in progress: the GENIUS Act in the Senate and the STABLE Act in the House of Representatives. Hoskinson believes these developments could push technology giants like Apple, Microsoft, and Amazon, referred to as the “Magnificent Seven,” to adopt stablecoins pegged to the U.S. dollar.

According to Hoskinson, these regulations will not only increase institutional interest but also pave the way for cryptocurrencies to become dominant tools in global trade. In the future, solutions outside traditional financial systems are expected to be preferred more widely.

As seen in the ongoing Russia-Ukraine war, an environment of heightened geopolitical uncertainties may lead businesses to favor cryptocurrencies for cross-border transactions.

“Tariffs Will Fade, Real Rally Begins in September”

Hoskinson acknowledges that recent tariffs announced by President Trump have pressured the cryptocurrency market. However, he argues that these developments will not have a lasting impact and will soon be forgotten. He predicts that “the tariff issue will fizzle out” as the world is open to a more constructive negotiation process between the U.S. and China, which will help dissipate panic and restore investor confidence.

The Cardano founder forecasts that markets will remain stagnant for 3 to 5 months, followed by a new speculative wave starting around August or September. He expects this rally to last 6 to 12 months, leading into a robust price surge by 2026. He reinforced this prediction by noting a projected 13% increase in global cryptocurrency users, reaching 659 million by 2024, which will serve as the main fuel for the anticipated bull season.

Following Trump’s temporary suspension of tariffs on China for 90 days, Bitcoin experienced a partial recovery. However, the largest cryptocurrency is still trading about 24% below its record high of $108,786 reached in January, priced at $81,703 at the time of this report.

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