Bitcoin to hit $250,000 this year and Magnificent 7 to adopt stablecoins, Cardano founder predicts

Bitcoin could hit $250,000 as early as this year, IOHK and Cardano blockchain founder Charles Hoskinson told CNBC’s “Beyond The Valley” podcast.

Hoskinson said various factors would drive this, including increasing crypto adoption and new legislation.

Hoskinson also said the Magnificent 7, a group of mega-cap tech names that includes Apple and Amazon, will begin using stablecoins once key legislation is passed.