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Bitcoin to $250K? – Charles Hoskinson has this to say!
Charles Hoskinson, the founder of Cardano (ADA), has sparked a heated debate in the cryptocurrency community by predicting that Bitcoin’s price could surge to $250,000 by the end of 2025 or early 2026. According to an interview with CNBC on April 9th, Hoskinson believes this unprecedented growth is fueled by Fed rate cuts, the introduction of new crypto regulations, and a significant increase in adoption.
To support his claim, Hoskinson highlighted potential catalysts such as stablecoin regulation allowing top global firms to accept them. He also emphasized that global conflicts will prompt more countries to adopt cryptocurrencies for international settlements. The Cardano founder predicted a period of stabilization followed by an influx of speculative interest in August or September, which would propel the market upward.
Surprisingly, some technical indicators seem to support Hoskinson’s projection. A glance at the Mayer Multiple valuation model reveals that it slightly aligns with his forecast. If Bitcoin rallies above $87,000, this indicator suggests a potential price increase to $208,000.
Moreover, the Pi Cycle top indicator shows more room for growth before the cycle comes to an end. The indicator has marked past cycle tops when the 111-day Moving Average crossed the adjusted 350-day Moving Average. Currently, the 350-Daily Moving Average is valued above $150,000, indicating that Bitcoin could surpass it before reaching its peak.
In the short term, however, it’s possible for the cryptocurrency to fluctuate around $80,000 as a result of declining network activity and reduced demand. According to CryptoQuant data, Bitcoin network growth has seen a 22% decline in active users since January, dropping from 101,000 to 78,000 users.
In order for Hoskinson’s projection to be validated, we would need to see an increase in network activity, indicating renewed interest and demand.
Source: https://ambcrypto.com/bitcoin-to-250k-charles-hoskinson-has-this-to-say/
