Cardano Founder Predicts Bitcoin Price Could Reach $500,000
Charles Hoskinson, founder of Cardano, predicts Bitcoin's price could rise to between $250,000 and $500,000 in the coming years, citing its long-term potential. This statement was made during his keynote at the Bitcoin 2025 Conference in Las Vegas.
Key Points from the Conference
- Hoskinson envisions a $10 trillion Bitcoin ecosystem.
- He highlighted Bitcoin's evolution from early mining setups to its current status with over half a billion users.
- He discussed the need for exclusive Bitcoin functionality in DeFi, where all transactions should use BTC.
- Challenges exist in integrating DeFi into Bitcoin, but solutions like new infrastructure and smart contract tooling may address these issues.
- Hoskinson emphasized the potential of Bitcoin DeFi and its strategic importance to Cardano.
Current Bitcoin Status
As of now, Bitcoin is priced at $105,538.03, reflecting a 1.13% increase in the last 24 hours. Price predictions have varied, with expectations of reaching $130,000 to $150,000 by the end of 2025, though achieving this will require strong catalysts.