Cardano's Charles Hoskinson Predicts $250,000 Bitcoin Target for This Cycle

Cardano founder Charles Hoskinson has set an ambitious minimum price target of $250,000 for Bitcoin in the current market cycle, citing a massive influx of institutional capital.

Speaking on a podcast with crypto commentator David Gokheshtein earlier this week, Hoskinson forecasted a “humongous spike” in the crypto market, driven by the potential passage of a U.S. stablecoin bill. According to him, such regulatory clarity would serve as a catalyst, attracting institutional investors and sovereign wealth funds into the space.

“Institutions think the markets will go parabolic,” he stated. “Sovereign wealth funds are buying crypto. The U.S. is holding Bitcoin. Stablecoin legislation is coming. Apple, Google, Microsoft, xAI, and real-world assets (RWAs) will enter. We’re looking at a $20 trillion institutional influx into crypto.”

Hoskinson further noted that the market is shifting back to established “blue-chip” cryptocurrencies, such as Cardano, Ethereum, and XRP, with institutions leading the charge. He projected that within 6 to 12 months, likely coinciding with the passage of stablecoin legislation, the bull market will fully materialize, pushing BTC over $250,000.

“The bull market is just getting started,” he noted. “$760 billion left the market due to tariffs, 710,000 people were liquidated, and yet we recovered in 48 hours. These are hot markets. This cycle is institution-led. I think Bitcoin hits $250,000 minimum.”

Last November, the crypto mogul speculated that Bitcoin could rise to $500,000 within two years, emphasizing that an influx of investment and growing institutional interest could drive Bitcoin toward a market capitalization comparable to gold.

Notably, the Cardano founder has shown increased interest in Bitcoin due to ongoing integrations between Cardano and the original cryptocurrency. Recently, he highlighted that Bitcoin’s defi layer was significantly enhanced with the Taproot update, enabling it to become an “awakened giant four times the size of Solana and Ethereum combined.” Last October, the BitcoinOS project launched a cross-chain bridge called Grail, allowing Bitcoin and Cardano to interact more seamlessly between blockchains.

That said, Hoskinson isn’t the only prominent figure with high expectations for Bitcoin. Fundstrat co-founder Tom Lee recently projected a $250,000 price target for 2025.

On Saturday, analyst Gert van Lagen also suggested, based on the Elliott wave theory, that Bitcoin could surge, peaking between $250,000 and $300,000 in 2025, before facing a significant correction.

“Price has broken out of a 4-year Bullish Megaphone Pattern and retested it for 3 months successfully. Step-like Formation has been fully validated by price discovery way beyond Base 4.” He tweeted.

However, not everyone shares this optimism. On Friday, Veteran trader Peter Brandt expressed skepticism about Bitcoin reaching $200,000 this cycle. He cited diminishing volatility and potential resistance levels with BTC’s multiyear parabolic price curve, which indicate possible downturns before another major rally.

“Unless Bitcoin has escape velocity through upper parabolic resistance line it’s very unlikely that BTC will be trading above $200k at the end of this decade.” He stated.