Cardano Founder Predicts Bitcoin Could Hit $250,000 by 2026
Cardano Founder Charles Hoskinson predicts Bitcoin could reach $250,000 by the end of this year or in 2026 as the crypto market recovers from recent lows influenced by trade tariffs and economic concerns.
Key Points
- Growing interest from major tech firms like Apple and Microsoft may drive Bitcoin prices higher.
- These companies are exploring stablecoins for cross-border payments and employee compensation.
- The U.S. Congress is considering the Digital Asset Market Structure and Investor Protection Act to regulate digital assets.
- A stablecoin bill is expected to provide guidelines for dollar-pegged tokens, potentially increasing adoption by tech firms.
- Global crypto ownership reached 560 million users in 2024.
- Analysts predict a possible Bitcoin bounce to $200,000 based on the Mayer Multiple indicator.
Global Economic Factors
- Hoskinson links Bitcoin's potential rise to global tensions and a shift away from traditional international agreements.
- Trust in international institutions is declining, making cryptocurrencies a viable option for trade and finance.
- Recent tariff reductions by President Trump temporarily boosted Bitcoin’s price above $82,000.
- Former BitMEX CEO Arthur Hayes suggests that a lack of favorable actions from the U.S. Federal Reserve could lead to increased investment from China into crypto markets.
- Bitcoin remains below its recent high of over $100,000, but Hoskinson believes lower interest rates will encourage new investments in crypto.