thecryptobasic.com
With Bitcoin stuttering after breaching $126,000, Cardano founder Charles Hoskinson believes Bitcoin will still reach $250,000 soon.
Hoskinson went live on CNBC’s Squawk Box show on Tuesday and insisted that Bitcoin will recover lost ground and eventually reach unprecedented prices. He even went further to predict when this would happen, reemphasizing his confidence in the cryptocurrency’s price trajectory.
Meanwhile, the prediction follows a period of uncertainty for Bitcoin. Barely seven weeks ago, BTC rallied to a new all-time high of $126,220. Today, the pioneering cryptocurrency trades at $92,550, shedding over $33,000 in less than two months.
New Timeline for Bitcoin to $250,000
Nonetheless, the Cardano founder remains upbeat that this poor run of form is only temporary. He cited several reasons for this correction, including macroeconomic factors such as global market uncertainty and US tariff-related fallout.
This builds on his comments at the Midnight Summit 2025 on November 17, where he suggested that the US government has been “a little unhelpful” to the industry. He stressed that the Trump administration “loved too much,” thereby distorting the sector’s regular four-year cycle.
However, Hoskinson believes the crypto market will shake off these downsides and rebound strongly. He stated that Bitcoin would recover most of these current 26.6% retracements in the next two quarters and reach $250,000 in the next 12 months or so, aligning with the tail end of 2026.
Notably, this would mark a 170% growth from the current market price, taking Bitcoin’s valuation to $4.98 trillion. As things stand, BTC would become the second-largest asset by market cap, surpassing NVIDIA, Apple, Google, and Microsoft.
A Different Kind of Crypto Bull Cycle
Fueling his belief in this rally is the dynamics of the current bull cycle. He highlighted that this time is different for Bitcoin, citing the entrance of institutional investors in contrast to the retail-led rally in the last three bull cycles.
The Ethereum co-founder reiterated ongoing mainstream efforts, such as stablecoin adoption in the United States, and the prospect that real-world equities and traditional assets worth $10 trillion would be tokenized on-chain by 2030-2025.
According to him, the crypto space is adjusting to these new prospects, insisting that Bitcoin will not remain depressed forever. He added that the markets are “just reflecting their current macro environment.”
Notably, Hoskinson has been consistent in his Bitcoin price target of $250,000. Last month, he highlighted mid-2026 as the timeline for Bitcoin to reach the price mark, building on his April projection of its attainment by the end of this year or the next.