- Hoskinson predicts Bitcoin could reach $250,000 by the end of 2025, driven by regulations.
- U.S. crypto regulation progress may attract major tech companies and boost Bitcoin’s value.
- Global crypto adoption surged by 13% in 2024, signaling strong support for Bitcoin’s future.
Charles Hoskinson, the founder of Cardano, has predicted that Bitcoin could surge to $250,000 by the end of this year or the next. In a recent CNBC’s “Beyond the Valley” podcast, Hoskinson expressed optimism about the cryptocurrency’s future. He believes the combination of new U.S. regulations and an improving global market could drive Bitcoin to new all-time highs.
Hoskinson, who also co-founded Input Output HK, anticipates a short-term stall in the crypto market. He expects a lull in trading for the next three to five months as markets consolidate. However, by late summer or early fall, Hoskinson foresees a major shift. He predicts a wave of speculative interest in the crypto space, likely beginning in August or September. This renewed interest could fuel market activity for the next six to twelve months.
Impact of U.S. Regulations
Another reason for Hoskinson’s outlook about the price of Bitcoin is the continuous evolution of regulations in the United States. Greater regulatory clarity, especially for stablecoin, is expected to provide a lot more confidence for investors. Two key stablecoin bills proposed by US legislators include the GENIUS Act and the STABLE Act. The latter has finally received approval in the respective committees, marking a positive step toward the legalization of assets using cryptography.
According to Hoskinson, such kinds of regulations could help major tech firms get involved with the cryptocurrency. He specifically mentions “The Magnificent 7“, the list of seven popular tech corporations in the United States, such as Apple, Microsoft, and Amazon. This is because these companies could adopt the use of stablecoins to boost the credibility of the cryptocurrency market and, as a result, increase the demand for Bitcoin, hence increasing its value.
Global Crypto Adoption Growth
The founder also mentions that the increase in crypto usage has been significant across the globe. Crypto.com also indicated that the total number of users reached 659 million in 2024, up 13% from the previous year. Hoskinson pointed out that this growth shows quite a high interest in Bitcoin and other cryptos.
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While Bitcoin has recently faced challenges trading at $81,820 as of press time, and down 24.86% from its January high. Hoskinson’s forecast indicates that there is increasing confidence in the future of the cryptocurrency. With improved stability in the markets, Bitcoin might be on the verge of a further upsurge.
