Charles Hoskinson, a well-known name in the crypto world and founder of Cardano, has made a bold prediction — Bitcoin could hit $250,000 as soon as this year. He believes that once tech giants like Apple and Microsoft step into the crypto world, things will change fast.
Hoskinson shared his views during an interview with CNBC’s “Beyond The Valley” podcast. He said even though Bitcoin dropped below $77,000 last week due to global trade tensions, it bounced back above $82,000 after President Trump lowered tariffs to 10% for most countries. This move gave investors hope that trade talks might bring stability.
Still, Bitcoin is down from its all-time high of over $100,000 reached in January. But Hoskinson remains confident that better days are ahead.
Why Hoskinson Thinks Bitcoin Will Boom:
More People Are Using Crypto
According to Crypto.com, 659 million people now own cryptocurrencies — a 13% increase from last year.Global Tensions Are Rising
The world is shifting from peaceful global trade to a power struggle among big nations, Hoskinson said. In such a world, crypto becomes the best option for borderless transactions.New Crypto Laws Are Coming
U.S. lawmakers are working on two major bills to regulate crypto and stablecoins. If passed, these could bring clear rules and more investor confidence.
What About Stablecoins?
Stablecoins are a type of cryptocurrency tied to real-world money, like the U.S. dollar. Hoskinson believes the upcoming stablecoin bill could be a game-changer.
He said the “Magnificent 7” tech companies — including Apple, Microsoft, Amazon, and Google — may start using stablecoins. These companies could use them to:
Pay employees overseas
Make small payments cheaper and faster
This move could make crypto more useful in everyday life, Hoskinson explained.
When Will the Boom Happen?
Hoskinson expects the crypto market to remain quiet for the next 3–5 months. But by August or September, he sees a big wave of excitement and investment coming back, possibly lasting up to a year.
He believes the mix of new laws, growing users, and tech adoption will reignite the crypto market in a big way.