Cardano Founder: Bitcoin price is expected to rise to $250,000 by the end of this year or next year

According to The Block, Cardano founder Charles Hoskinson predicted in a CNBC podcast interview that the price of Bitcoin could rise to $250,000 by the end of this year or next. He pointed out that upcoming US cryptocurrency legislation may attract large corporations into the crypto asset field. Once the impact of "tariff issues" is confirmed as negligible, market stability will be restored, thereby creating favorable conditions for the next bull market. Hoskinson noted that while the cryptocurrency market might stagnate over the next three to five months, he expects a strong speculative frenzy in August or September which could last six to twelve months.

In addition, Hoskinson also stated that clearer stablecoin regulatory rules may prompt US stock "Big Seven" companies to adopt tokens pegged to USD. To support his prediction of a $250k price point for Bitcoin, Hoskinson emphasized facts showing an increase in global cryptocurrency adoption rate by 13% YoY in 2024 and according to Crypto.com report current user base has reached 659 million. He further predicted that as geopolitical environment gradually deviates from "rule-based order", cryptocurrencies will become businesses' "only choice" for globalization.