Cardano founder believes Bitcoin will reach $250,000

Cardano founder and IOHK co-founder Charles Hoskinson has predicted that Bitcoin could reach $250,000 by the end of this year or sometime in 2025. He believes upcoming legislative changes in the U.S. could attract major corporations into the crypto space and help restore market stability, setting the stage for the next bull run.

Sideways Before the Surge

According to Hoskinson, the crypto market may remain stagnant for the next three to five months. However, he expects a strong wave of speculative interest to hit in August or September, potentially extending the bullish trend for another 6–12 months. He also highlighted the importance of regulatory clarity for stablecoins, saying it could push the «Magnificent Seven» companies to adopt USD-pegged tokens.
 

«Once the tariff noise fades, the market will start to recover. When volatility decreases, the Federal Reserve will likely cut interest rates, unlocking liquidity for the crypto sector,» Hoskinson said.

It’s Just the U.S. vs. China

Hoskinson downplayed global trade tensions, claiming that tariff talk is just political posturing. «People will realize it’s all just positioning — the world is ready to negotiate. In reality, it’s just the U.S. versus China,» he stated, expressing confidence in a swift market recovery once the uncertainty lifts.
 

Hoskinson also pointed to a sharp rise in global crypto adoption in 2024. According to Crypto.com, the number of users grew by 13% to reach 659 million compared to the previous year.
 

At the time of writing, Bitcoin is trading around $78,640 — roughly 28% below its all-time high, which was reached just before the inauguration of U.S. President Donald Trump. The asset is up 2% in the past 24 hours.
 

Previously, crypto analyst Capo Of Crypto predicted a «Great Depression» for the crypto market, expected to hit in September 2025.