Key Insights
- Charles Hoskinson, the founder of Cardano, maintains his prediction of Bitcoin reaching $250,000.
- He believes that the adoption of stablecoins by leading tech companies could serve as a significant driver.
- Following Trump’s announcement of a 90-day pause on tariffs, Bitcoin surged from $74,600 to $82,000.
Charles Hoskinson, creator of Cardano, remains firm on his $250,000 Bitcoin (BTC) price forecast, linking it to what he anticipates as a surge in stablecoin adoption and favorable regulatory changes.
In a recent interview with CNBC, Hoskinson mentioned that Bitcoin’s next growth phase could be fueled by the “Magnificent Seven,” a group of prominent U.S. tech giants such as Apple, Microsoft, and Google.
According to him, these corporations are ready to embrace stablecoins once upcoming legislation is enacted.
Stablecoins, Major Tech, and Regulatory Momentum
The U.S. Congress is currently reviewing two significant pieces of legislation related to stablecoins — the GENIUS Act and the STABLE Act — both of which have already passed through the Senate Banking Committee.
Hoskinson asserted that once these bills are enacted, there could be a rapid increase in institutional crypto adoption.
“There will be a significant influx of fast, low-cost capital, which will flow into crypto,” Hoskinson stated, predicting a wave of liquidity as interest rates drop and regulatory clarity is achieved.
He also pointed to the Digital Asset Market Structure and Investor Protection Act — another proposal aimed at clarifying supervision of various digital assets — as a possible trigger for this shift.
While acknowledging the current market volatility largely stemming from U.S.-China trade tensions, he expressed confidence that investors will adapt to the geopolitical landscape.
“The markets will stabilize, and investors will acclimate to the new normal,” he noted. “Then, the Federal Reserve will reduce interest rates.”
Market Recovery Following Trump’s Tariff Announcement
These remarks from Hoskinson came shortly after former President Donald Trump announced a 90-day moratorium on new tariffs, excluding those imposed on China.
This announcement triggered a significant market rally, leading to an increase of approximately $3.4 trillion in market capitalization across stocks and an additional $250 billion in the crypto sector within an hour.
Bitcoin, which had fallen to $74,600 amid tariff concerns, rebounded swiftly to $82,000 post-announcement.
However, it remains over 20% lower than its all-time peak, while Ethereum (ETH) has declined more than 45% from its highest point.
Despite ongoing risks, particularly with the U.S.-China trade dispute, some analysts suggest that China’s potential response — including currency devaluation — could indirectly benefit Bitcoin.
Historically, a depreciating yuan has led to increased capital allocation towards crypto by Chinese investors seeking a hedge.
Amid market uncertainties, Hoskinson believes the forthcoming crypto rally will be driven by policy changes rather than hype.
“It’s no longer solely about narratives,” he remarked. “Now it’s about infrastructure, regulation, and genuine integration into the real world.”
Was this article helpful?
