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Cardano Founder Charles Hoskinson Expects $250,000 BTC ATH Target Within a Year

In a recent tweet, Charles Hoskinson, the founder of Cardano, has sparked debate in the cryptocurrency community by predicting that Bitcoin’s (BTC) current decline is only a temporary setback before it bounces back and reaches an astonishing ATH target of $250,000 within the next year.

Hoskinson’s bold prediction comes amid widespread market pessimism following recent losses in the value of Bitcoin. While many experts are calling for the demise of the pioneer cryptocurrency due to the ongoing downturn, Hoskinson’s statement serves as a stark contrast, reiterating his confidence in Bitcoin’s potential and the long-term prospects it holds.

The Cardano founder’s reasoning behind this prediction lies in his conviction that, despite present difficulties, the overall outlook remains optimistic. According to him, the recent price dip from $83,000 to $75,000 is a temporary correction, which will ultimately be followed by a drastic recovery.

Source: https://cryptonewsland.com/cardano-founder-charles-hoskinson/