Cardano’s founder, Charles Hoskinson, predicts that Bitcoin (BTC) could reach $250,000 by the end of 2025 or in 2026. This comes at a time when the Bitcoin network activity has declined by 22%, indicating weak demand in the first quarter of the year. Despite trading below $100,000 amid macro uncertainty, Hoskinson believes that Bitcoin’s price could more than double due to factors such as Fed rate cuts, new crypto regulations, and increased adoption.
Hoskinson also mentioned the impact of stablecoin regulations and global conflicts on the crypto market. He anticipates that stablecoin regulation will allow top global firms to accept them, while global conflicts will drive more countries to adopt crypto for international settlements. As a result, he expects a stall in the crypto market for the next three to five months, followed by a wave of speculative interest in August or September, which could last for another six to 12 months.
The Mayer Multiple valuation model aligns with Hoskinson’s projection, showing that BTC could hit $208,000 if it rallies above $87,000. The Pi Cycle top indicator, another valuation model, suggests that there is still more growth potential for BTC before it reaches its peak in this cycle. The 350-Daily Moving Average (DMA) is currently above $150,000, indicating that Bitcoin’s price could surge above this level before topping out.
In the short term, Bitcoin’s price may fluctuate around $80,000 as network growth declines. CryptoQuant data shows a 22% drop in Bitcoin network growth on a monthly average of active users, from 101,000 to 78,000. This decrease reflects reduced network activity and interest from market players. For Hoskinson’s prediction of Bitcoin reaching $250,000 to be confirmed, network activity needs to increase to indicate a surge in demand.
Overall, the outlook for Bitcoin’s price remains positive, with various valuation models and factors suggesting potential for significant growth in the coming years. Hoskinson’s projection of Bitcoin hitting $250,000 by the end of 2025 or 2026 reflects optimism in the cryptocurrency market despite recent challenges and uncertainties. Investors and traders will be closely monitoring developments in the market to see if Bitcoin can reach this milestone.
