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Cardano Founder Predicts Timeline For Bitcoin to Hit $250,000 On CNBC
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.