Cardano Founder Predicts Bitcoin to Reach $250,000 Amid Tariff Concerns

Charles Hoskinson, the founder of the Cardano blockchain, has expressed his optimism about the future of Bitcoin (BTC), predicting that it could reach as high as $250,000 by the end of this year or next year. This prediction comes despite recent market turbulence caused by President Donald Trump’s reciprocal tariffs policy. Hoskinson believes that as tariff concerns subside and the Federal Reserve influences the market, the asset could see significant growth.

Hoskinson’s comments align with the sentiments of other investors and financial institutions, including Fundstrat’s Tom Lee, venture capitalist Tim Draper, and financial giant Standard Chartered, who have previously mentioned $250,000 as a potential target for Bitcoin. In an interview, Hoskinson highlighted that the markets will stabilize and adapt to the new normal, leading to a surge in fast, cheap money pouring into the crypto market.

The crypto market has experienced a sell-off alongside other risk assets in recent weeks, with Bitcoin dipping below $77,000. However, it spiked above $82,000 after Trump reduced tariffs to 10% for 90 days, allowing time for trade negotiations. Despite this volatility, Bitcoin remains some 25% below its record high of over $109,000, reached in January.

Hoskinson pointed to the growing adoption of cryptocurrencies and a shifting geopolitical landscape as factors that could drive Bitcoin prices higher. He noted that global business and treaties may not be as effective in the current geopolitical climate, making cryptocurrencies a viable option for globalization. Additionally, Hoskinson predicted that forthcoming U.S. legislation, including a stablecoin bill and the Digital Asset Market Structure and Investor Protection Act, would bolster the crypto industry.

These bills aim to clarify the regulatory framework for digital assets. Stablecoins, or tokens pegged to fiat currencies such as U.S. dollars, could see widespread adoption by major tech giants, according to Hoskinson. He forecasts a temporary lull in the market for the next three to five months, followed by a surge of speculative interest around August or September, which could carry through for another six to 12 months.