Cardano founder Charles Hoskinson has offered a ray of hope to Bitcoin (BTC) holders, tipping the cryptocurrency to recover its yearly losses and set a new all-time high. Hoskinson noted that an imminent Bitcoin rally will send prices all the way to $250,000 before the end of next year.
Bitcoin Price To Clinch 250K In 2026
According to a recent interview, Hoskinson revealed that Bitcoin is primed for a recovery run that will see the asset recoup its recent losses in the coming months. The Cardano co-founder disclosed that the largest cryptocurrency is only facing short-term downsides due to macroeconomic pressures.
Hoskinson argued that the Bitcoin price has been adversely impacted by Trump tariffs and other macroeconomic uncertainties, noting that “crypto is not immune to the macro.” Since October, Bitcoin price has tumbled from its peak of over $126,000 to trade below the $90,000 mark, erasing all its yearly gains.
Despite the jarring price drops, Hoskinson is eyeing a meteoric rally for Bitcoin “over the next two quarters.” Furthermore, the outspoken Cardano founder tipped Bitcoin to reach $250,000 by the end of the year, defying claims of an extended rally.
Hoskinson clarified that institutions will lead the incoming bull run, unlike previous retail-led bull markets. He pointed to Wall Street’s growing participation in the ecosystem, with BlackRock, JPMorgan, Goldman Sachs, and the US government scrambling to accumulate Bitcoin.
Apart from Bitcoin exchange-traded funds (ETFs) and frenetic adoption by treasury companies, Hoskinson hinged his bullish estimates on the steady rise of stablecoins and tokenization of real-world assets (RWA). Hoskinson revealed that retail will still play a key role in the anticipated bull run, with the number of cryptocurrency holders predicted to climb to 1 billion.
“The fundamentals are just sound. There is no way for this market to stay depressed forever,” said Hoskinson. They are just reflecting their current macro environment.”
A Setback To Bitcoin Forecasts
Previously, Charles Hoskinson tipped Bitcoin to climb to $1 million but did not disclose a timeline for the milestone. Meanwhile, several experts have made bold calls for Bitcoin’s end-of-year price, with the average at $150,000.
However, recent price performance has put a dent in end-of-year predictions, with BTC threatening to fall below $85K. While Bitcoin continues its decline, other cryptocurrencies are also facing a torrid patch with Ethereum and XRP wallowing below $3,000 and $2, respectively.
BNB, SOL, and DOGE have recorded losses of over 5% over the last day, while Cardano’s ADA tumbled by nearly 8% in the same timeframe. Meanwhile, CoinMarketCap data indicates that the global cryptocurrency market capitalization has surged by 2.44% to settle at $3.12 trillion.
Source: https://zycrypto.com/recovery-in-sight-charles-hoskinson-sees-bitcoin-reaching-250000-by-2026/
