- Charles Hoskinson, the founder of Cardano, remains optimistic about Bitcoin despite market volatility triggered by tariffs.
- He believes that the effects of tariffs will be less severe than many anticipate.
- Hoskinson foresees an influx of major companies into the cryptocurrency space as regulations become clearer.
The year 2025 has not unfolded as many in the cryptocurrency market had hoped. Influenced by unprecedented macroeconomic challenges stemming from President Donald Trump’s tariff policies, asset values have not only stagnated but also significantly decreased from recent highs.
In spite of the prevailing market uncertainties that might cause hesitation among crypto enthusiasts, many analysts are remaining unfazed. The latest to voice confidence is Cardano’s founder, Charles Hoskinson.
$250K Bitcoin Target for 2025 Still Viable?
During a Tuesday appearance on CNBC’s “Beyond The Valley” podcast, Hoskinson expressed strong optimism about Bitcoin, predicting it could reach a historic price of $250,000 “by the end of this year or the next.”
Regarding the concerns surrounding Trump’s stern tariff measures, Hoskinson suggested that the situation would turn out to be less detrimental than commonly believed. He remarked, “What will happen is that the tariff issues will not amount to much, and people will see that the world is keen to negotiate, ultimately pitting the U.S. against China, with various stakeholders taking sides.”
Factors Supporting Bitcoin’s Price Surge
Hoskinson pointed to three key factors supporting his $250,000 Bitcoin forecast. Firstly, he believes there is a notable increase in cryptocurrency users, referencing a report from Crypto.com that indicated 659 million cryptocurrency holders as of February 2024, a 13% rise from the previous year.
Secondly, he anticipates that global businesses will increasingly adopt cryptocurrencies in response to anticipated geopolitical instability, highlighted by events such as Russia’s invasion of Ukraine and China’s actions toward Taiwan. His third point refers to the expected regulatory clarity in the U.S. surrounding cryptocurrencies; with lawmakers pushing for stablecoin and market structure legislation, Hoskinson believes this will usher in crypto’s next growth phase, particularly as stablecoin regulations could prompt major companies known as the Magnificent Seven to enter the crypto market.
He predicts these prominent companies will leverage stablecoins for various applications, from paying international staff to facilitating small transactions that are otherwise too costly through conventional payment methods. Until those regulations are enacted, Hoskinson anticipates stagnation in the cryptocurrency market, estimating a three to five-month period before any significant movement. As of now, Bitcoin is trading just below $79,000, requiring over a 200% increase to meet Hoskinson’s ambitious target.
