Following the recent recovery of Bitcoin and other altcoins after US President Donald Trump’s tariff announcement, a debate erupted over whether the price would rise. In this discussion, Cardano (ADA) founder Charles Hoskinson took the stage, predicting that Bitcoin could reach $250,000 by year-end or early next year. He attributed his prediction to several factors, including increasing crypto adoption, geopolitical instability, upcoming stablecoin regulations, and potential entry of tech giants like Apple and Microsoft into the crypto space.
Hoskinson also highlighted the expected impact of US cryptocurrency legislation on attracting major companies to the sector, paving the way for a new bull run when tariffs are no longer a factor and market stability returns.
He anticipates that the current market decline driven by US trade tensions will stabilize in the coming months with interest rate cuts by the Fed playing a crucial role.