By the end of this year or next, the price of the leading cryptocurrency could reach $250,000, predicted Charles Hoskinson, founder of Cardano and co-founder of IOHK.
He noted that upcoming legislative initiatives in the United States could attract major companies to the crypto space. Market stability will return once “all these tariff issues” become insignificant, creating conditions for a new bull run.
“The crypto market is likely to stagnate for the next three to five months, and then, probably in August or September, there will be a strong surge of speculative interest. This trend could last another six to twelve months,” Hoskinson noted.
Resolving regulatory uncertainty regarding stablecoins could push the “Magnificent Seven” to adopt dollar-pegged tokens.
The Cardano founder also highlighted significant growth in global cryptocurrency adoption in 2024 — a 13% increase compared to the previous period, with the number of users rising to 659 million, according to Crypto.com data.
“It’s Just the US Against China”
Hoskinson anticipates a swift resolution to the “liberation tariffs” issue, followed by reduced turbulence in global markets.
“What will happen is that the tariff issue will turn out to be nonsense. People will realize the world is ready for negotiations, and in reality, it’s just the US against China,” the expert stated.
In his view, market stabilization will prompt the Federal Reserve to lower interest rates. This, in turn, will lead to an influx of liquidity into the cryptocurrency sector.
In the past 24 hours, the price of Bitcoin has risen by 2%, according to CoinMarketCap. At the time of writing, the asset is trading around $78,640 — approximately 28% below the record highs reached on the eve of US President Donald Trump’s inauguration.
Earlier, the analyst known as Capo Of Crypto predicted a “Great Depression” in the crypto market in September.