- Bitcoin could surge past $250,000, predicts Cardano founder Hoskinson, despite recent market volatility.
- Hoskinson attributes current price dips to temporary market fluctuations, not long-term decline.
- Institutional adoption and growing stablecoin use may drive BTC’s next major bull cycle.
Bitcoin may have retreated following its brief foray past $126,000, but Cardano founder Charles Hoskinson is optimistic that Bitcoin will go past $250,000 very soon.
Hoskinson discussed this on CNBC’s Squawk Box program on Tuesday: “I don’t believe this is anything but simply market volatility at this point,” Hoskinson said of Bitcoin’s price dip. “We’ll be back to where we started, and we’ll even go past the all-time high within 12 months.”
Bitcoin has been experiencing a sharp decline since it reached its all-time high at $126,220 only seven weeks ago. At the time of writing, BTC is trading at $91,722, registering a decline of more than $33,000 in just two months.
Hoskinson Forecasts Bitcoin Price Surge
Hoskinson stated during his speech at “Midnight Summit 2025” held on 17 November 2023: “What’s happening is there’s been some action on tariffs by the US that really affects markets around the world because everybody’s worried about sourcing components without being hit by tariffs,” addressing how the price shifts have been impacted by economic instability around the world.
Nevertheless, Hoskinson is confident that Bitcoin will recover from this downturn, possibly even recovering from its 26.6% loss to hit $250,000 within the next two quarters.
This will amount to 170% growth from its current price and will put its market value near $5 trillion, rivaling companies such as NVIDIA, Apple, Google, and Microsoft to become one of the largest assets in the world.
Also Read | BlackRock’s Bitcoin ETF Hit by Record $523M Outflow Amid Market Decline
Bitcoin Set For Major Upswing
Hoskinson emphasized that this bull cycle is different from others because institutional investors are entering into the market and added that adoption of stablecoins is growing in the US and may see $10 trillion worth of traditional assets being tokenized on blockchain platforms by 2030-2035.
“These changes indicate that BTC is not going to remain at a low point for too long,” Hoskinson said. “The market is simply adjusting to the overall economic landscape.”
This is not the first time Hoskinson has made this kind of prediction for BTC to hit $250,000. He had earlier proposed mid-2026 as one of the possible dates for such to happen.
Also Read | Bitcoin Faces New Local Low at $89K as Market Sentiment Turns Bearish
