Key Points
- Cardano’s founder predicts Bitcoin could reach $250K by the end of 2025 or 2026 due to factors such as Fed rate cuts and increased crypto adoption.
- Bitcoin network activity has seen a 22% decline, indicating weak demand in the first quarter.
Charles Hoskinson, the founder of Cardano, stated in an interview with CNBC on April 9th that despite Bitcoin’s current struggle to surpass $100K, it might more than double by the end of 2025 or 2026.
Hoskinson’s Bitcoin Prediction
Hoskinson believes that this target will be achieved due to factors such as Federal Reserve rate cuts, new cryptocurrency regulations regarding stablecoins, and an overall increase in crypto adoption. He also downplayed the impact of tariff wars on the crypto market.
“I think the markets will stabilize a bit, and they’ll get used to the new normal, and then the Fed will lower interest rates, and then you’ll have a lot of fast, cheap money, and then it’ll pour into crypto,” Hoskinson stated.
Impact of Stablecoin Regulations
In addition to these factors, Hoskinson also predicted that upcoming stablecoin regulations would encourage top global firms to accept them. This, coupled with global conflicts, may lead to more countries adopting cryptocurrency for international settlements.
He estimated that the crypto market would stall for the next three to five months, followed by a wave of speculative interest around August or September. This interest could potentially carry the market for another six to 12 months.
The Mayer Multiple valuation model partially aligns with Hoskinson’s prediction, indicating that Bitcoin could reach $208K if it rallies above $87K. Furthermore, the Pi Cycle top indicator suggests that there is still room for Bitcoin to grow before it reaches its peak this cycle.
However, in the short term, Bitcoin may fluctuate around $80K due to declining network growth. Data from CryptoQuant shows that Bitcoin network growth has dropped 22% on a monthly average of active users — from 101K users to 78K. For Hoskinson’s prediction to come true, network activity needs to increase, indicating a surge in demand.
