Cardano Founder Reveals ‘Big Push’ That Could Push BTC to $250,000
Can Bitcoin Hit $250,000?
Charles Hoskinson , founder of Cardano (ADA), predicts Bitcoin will surge in the current bull cycle.
In an interview with David Lin Report, he commented: “Bitcoin will hit $250,000 before the end of this bull market.”
Compared to the current price of around $112,672 , this forecast represents an increase of more than 122% .
DeFi – the new impetus for Bitcoin
Hoskinson believes that the explosion of decentralized finance (DeFi) on Bitcoin will be a major factor driving the price.
“As soon as you can generate yield from Bitcoin, it becomes an extremely attractive investment vehicle,” he explained. “Bitcoin is much lower risk than other experimental tokens, but has the same potential for return.”
DeFi products that allow Bitcoin to generate yield will help position the coin as an income-generating asset, rather than just a store of value.
Long-term outlook: $10 trillion market cap
In the long term, Hoskinson believes Bitcoin's market capitalization could quadruple , reaching $10 trillion within the next five years.
According to him, when Bitcoin derivatives are standardized by Wall Street, they will be included in investment portfolios like gold in retirement funds (IRA, 401k).
“Once the regulatory framework is clear, Bitcoin will be treated like any other financial asset in terms of investment and taxation. Then there will be huge money flows because Bitcoin is a hard asset, like gold,” Hoskinson emphasized.