Charles Hoskinson Doubles Down on Bitcoin (BTC) Future, Predicts $250K-$500K Price Target Within 2 Years

Cardano founder Charles Hoskinson has doubled down on Bitcoin's future, predicting that its price could soar between $250,000 and $500,000 within the next 12 to 24 months.

Cardano founder Charles Hoskinson has predicted that Bitcoin’s price could surge to between $250,000 and $500,000 within the next 12 to 24 months.

In a recent interview, Hoskinson attributed this anticipated rise to Bitcoin’s increasing adoption by institutional investors, who view it as the primary entry point in crypto. This growing attraction positions BTC as a strategic reserve asset, similar to gold.

“Governments are talking about a strategic reserve of Bitcoin and Bitcoin alone,” Hoskinson stated.

While other cryptocurrencies, such as Ethereum, Solana, and Cardano, offer immense utility and innovation, the founder believes that Bitcoin remains unmatched as a store of value for the digital age.

According to Hoskinson, the growing inflow of institutional investments and the recognition of Bitcoin as “digital gold” will propel its value closer to the global gold market, an asset that humans have relied on for over surprising 5,000 years.

With its capped supply, decentralized nature, and now a DeFi layer through advancements like the Lightning Network, Bitcoin’s appeal as a reserve asset is solidifying its position in the financial world.

Cardano’s ADA Surges as Bitcoin Gains Institutional Traction

He acknowledged the strengths of competing blockchains but stressed the unique narrative surrounding Bitcoin.

“As good as Ethereum, Solana, and Cardano can be, let’s be intellectually honest about this. Bitcoin is the store of value for the internet and will remain in that role for the foreseeable future,” he said.

Hoskinson’s comments come amid rising interest in Bitcoin ETFs and growing discussions around its use in national reserves. If his predictions materialize, Bitcoin’s market cap could approach that of gold, signaling a monumental shift in the global financial system.

On the other hand, Cardano’s native token ADA has climbed by a staggering 260% in just three weeks, signaling strong momentum for the cryptocurrency in the current market cycle.

While the surge is still 62% below its previous all-time peak, analysts see substantial room for growth and potential price appreciation for ADA in the coming months.