The post Bitcoin Price To $250K, Big Tech Will Use Stablecoins – Hoskinson appeared on BitcoinEthereumNews.com.

Bitcoin could surge to $250,000 as early as this year as technology giants like Microsoft and Apple enter the cryptocurrency space, according to Cardano blockchain founder Charles Hoskinson. In a recent interview with CNBC for the “Beyond The Valley” podcast, the industry veteran expressed strong optimism despite recent market turbulence. Crypto markets have faced significant pressure amid a broad sell-off triggered by U.S. President Donald Trump’s “reciprocal tariffs” on countries worldwide. Over the past week, the price of Bitcoin has been trading below $77,000. However, after Trump lowered taxes to 10% for 90 days for the majority of countries, Bitcoin price surged past $82,000 on Wednesday. Despite Bitcoin falling considerably from its January record high of more than $100,000, Hoskinson maintains a bullish outlook. He told CNBC during the Tuesday podcast recording, “I believe bitcoin will reach $250,000 by the end of this year or next year.” Factors driving Bitcoin price rally Hoskinson outlined several key catalysts that could propel Bitcoin price toward his $250,000 price target. First, he pointed to the expanding cryptocurrency user base. It grew by 13% year-on-year in 2024 to reach 659 million people as per data from Crypto.com. The Cardano founder also highlighted geopolitical shifts as a major factor. “We’re moving from a rules-based international order to a great powers conflict,” Hoskinson explained, adding, “If Russia wants to invade Ukraine, it invades Ukraine. If China wants to invade Taiwan, it’s going to do that. So treaties don’t really work so well, and global business doesn’t really work so well there. So your only option for globalization is crypto.” Once these market-moving factors align, Hoskinson expects a specific timeline for Bitcoin’s rise. “The markets will stabilize a little bit, and they’ll get used to the new normal, and then the Fed[eral Reserve] will lower interest rates,…

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Filed under: News - @ April 10, 2025 3:27 pm