Charles Hoskinson, founder of Cardano (ADA), has made a bold prediction about the future price of Bitcoin ($BTC), stating he believes it could reach between $250,000 and $500,000 within the next 12 to 24 months. He attributes this potential surge to increasing investment inflows and growing interest in the cryptocurrency.
In a recent statement, Hoskinson acknowledged the potential of other cryptocurrencies like Ethereum, Solana, and Cardano, but emphasized Bitcoin’s unique position. He pointed out that governments are primarily discussing strategic reserves of Bitcoin, highlighting its role as the preferred entry point into the digital asset space. While he anticipates this narrative may evolve in the coming years, he believes Bitcoin’s dominance will persist in the near term.
Hoskinson argued that Bitcoin’s growing ecosystem is approaching the scale of gold, a traditional store of value for over 5,000 years. He declared Bitcoin the “store of value for the internet,” a role he believes it will maintain, especially now that it has a burgeoning DeFi (decentralized finance) layer.
