Cardano Founder Predicts 196% Bitcoin Gain by 2024

Charles Hoskinson, the founder of the Cardano (ADA) cryptocurrency project, has expressed a bullish outlook on Bitcoin (BTC), predicting that it could reach $250,000 by the end of this year or early next year. In a recent interview, Hoskinson stated that Bitcoin is not headed towards another crypto winter or a downturn. He believes that Bitcoin is poised to increase by approximately 196% from its current level over the coming months.

Hoskinson attributes this potential rally to several key factors. He anticipates an improved regulatory environment, the easing of monetary policy, and a reduction in global trade tensions. According to Hoskinson, the tariff disputes will eventually be resolved, leading to market stabilization. He expects the Federal Reserve to lower interest rates, which will inject a significant amount of fast and cheap money into the market. This influx of capital, combined with the passage of the Digital Asset Market Structure and Investor Protection Act and the entry of major tech companies into the crypto space, could reignite speculative interest in cryptocurrencies.

Hoskinson also noted that the Federal Reserve has room to ease monetary policy despite the tariffs. He cited an MIT report from the first Trump administration, which indicated that the real inflation impact of the 2018 tariffs was only about 0.7%, much lower than the nominal tariff rates. This suggests that the tariffs may not be as inflationary as initially feared, providing the Fed with more flexibility to adjust interest rates.

Hoskinson's prediction is based on his analysis of the current economic and regulatory landscape. He believes that the combination of favorable regulatory changes, monetary policy adjustments, and increased institutional interest will drive Bitcoin's price to new heights. However, it is important to note that Hoskinson's prediction is based on his personal analysis and should not be taken as investment advice. Investors should conduct their own due diligence before making any high-risk investments in Bitcoin or other cryptocurrencies.