Cardano Founder Predicts Bitcoin Could Reach $250,000 By Year-End

Charles Hoskinson, co-founder of Ethereum and leader of Cardano, predicts Bitcoin could reach $250,000 within the next two years. This forecast was made during a CNBC interview, despite recent declines in financial markets.

Factors Supporting the $250,000 Price Target

Geopolitical tensions and shifting trade dynamics favor decentralized networks like Bitcoin.
Traditional banking limitations may drive more transactions toward cryptocurrencies.
The Federal Reserve might lower interest rates, increasing liquidity in the market.
Potential entry of major tech firms such as Microsoft and Apple into crypto could boost demand.
New legislation, including stablecoin regulations and the Digital Asset Market Structure Act, may facilitate institutional adoption.
A likely market stall for three to five months may precede a resurgence of speculative interest.

As of now, Bitcoin is trading at $81,138.

Bitcoin price