PANews reported on April 10 that according to The Block, Cardano founder Charles Hoskinson predicted in an interview with a CNBC podcast that the price of Bitcoin is expected to climb to $250,000 by the end of this year or next year. He pointed out that the upcoming US cryptocurrency legislation may attract large companies to get involved in the field of crypto assets. Once the impact of the "tariff issue" is proven to be insignificant, market stability will be restored, creating favorable conditions for the next bull market. Hoskinson pointed out that the cryptocurrency market may stagnate in the next three to five months, but a strong speculative boom is expected in August or September, which may last for six to twelve months.
In addition, Hoskinson also said that clearer stablecoin regulations may prompt the "Big Seven" in the U.S. stock market to adopt tokens pegged to the U.S. dollar. To support his $250,000 price prediction, Hoskinson emphasized the fact that global cryptocurrency adoption will increase significantly by 13% year-on-year in 2024, and the current user base has reached 659 million, according to Crypto.com. He also predicted that as the geopolitical environment gradually deviates from a "rules-based order," cryptocurrency will become the "only option" for companies to achieve globalization.
