Charles Hoskinson Predicts Bitcoin Could Surge to $250K-$500K Within 12 to 24 Months, Citing Growing Institutional Investment and DeFi Opportunities

ADA/USD founder Charles Hoskinson, a co-founder of Ethereum ETH/USD, predicted Bitcoin BTC/USD could surge to between $250,000 and $500,000 within the next 12 to 24 months

Cardano ADA/USD founder Charles Hoskinson, also known for co-founding Ethereum ETH/USD, has predicted that Bitcoin BTC/USD could surge to between $250,000 and $500,000 within the next 12 to 24 months.

Hoskinson made these bold predictions during a recent livestream from Colorado, where he discussed Bitcoin’s potential to become a strategic asset for governments and institutions around the world.

Highlighting Bitcoin’s evolution from a “dormant project” to a potentially revolutionary financial technology, Hoskinson noted the significance of Bitcoin’s ecosystem, which he believes could experience unprecedented growth, especially with the development of DeFi layers that could dramatically expand its utility.

Drawing a parallel to gold’s historical role as a store of value, Hoskinson stated that “governments are considering Bitcoin as a strategic reserve asset.”

With President-elect Donald Trump pledging to establish the U.S. as the “crypto capital of the planet” and indicating plans to create a Bitcoin strategic reserve, these predictions could potentially align with broader government initiatives.

These bold predictions come amid a volatile cryptocurrency landscape, with recent data showing Bitcoin experiencing significant price fluctuations.

However, market analysts remain cautiously optimistic, with Haider Rafique, Global Chief Marketing Officer at OKX exchange, highlighting the substantial profit potential for investors, given that the average Bitcoin holding price is around $30,000.

While bullish on Bitcoin, Hoskinson also remains committed to Cardano’s role in the broader cryptocurrency ecosystem.

He has positioned Cardano as a “spiritual successor to Bitcoin” and emphasized the importance of creating hybrid applications that integrate Bitcoin functionality, showcasing his continued innovation in the blockchain space.

At the time of writing, Bitcoin is trading at $93,163.04, up 1.66% in the past 24 hours and 0.57% over the last seven days, according to Benzinga Pro data.