Bitcoin (BTC), currently about $ 81,000, could hover as high as $ 250,000 as early as this year with tech giants such as Microsoft (MSFT) and Apple (AAPL) entering the Crypto Arena, according to Charles Hoskinson, the founder of Carrano Blockchain.
Hoskinson’s comment repeats the feelings of investors, including Fundstrat’s Tom Lee and venture capitalist Tim Draper as well as the economic giant standard charter, which has mentioned this level as a measure of the world’s largest cryptocurrency in the past years.
In an interview with CNBC, Hoskinson expressed optimism about Bitcoin’s future despite the recent turbulence on the market triggered by President Donald Trump’s mutual customs policy, saying he thought the asset could rise so high “by the end of this year or next year” when the tariff relates to Fizzle Out and Federal Reserve.
“The markets will stabilize a little and they will get used to the new normal, and then Fed will lower interest rates, and then you have a lot of fast, cheap money and then pour it into crypto,” he said.
The Crypto market has been exposed to sales with other risk assets in recent weeks, with Bitcoin diping less than $ 77,000 on the past day. It rose over $ 82,000 late Wednesday after Trump reduced customs to 10% in 90 days for most countries, giving time for trade negotiations.
Still, Bitcoin remains approx. 25% below its record height of over $ 109,000, reached in January.
Hoskinson pointed to the growing adoption of Cryptocurrencies, with Crypto.com reporting a 13% increase in years to year in 2024 and a changing geopolitical landscape as factors that could put Bitcoin prices.
“If Russia wants to invade Ukraine, it invades Ukraine. If China wants to invade Taiwan, it will do it. So treaties don’t really work so well and global business doesn’t really work so well there. So your only opportunity for globalization is crypto,” he said.
In addition, Hoskinson predicted that the upcoming US legislation, including a stablecoin bill proposal and the digital assets for market structure and investor protection, would strengthen the crypto industry.
These bills, which are currently progressing through Congress, aim to clarify the legislative framework for digital assets. Stableecoins, or tokens associated with Fiat currencies, such as US dollars, could see widespread adoption of the “magnificent 7” tech giants, such as Apple, Microsoft and Amazon (Amzn), Hoskinson said.
As such, Hoskinson predicts a temporary break in the market for the next three to five months, followed by an increase of speculative interest around August or September. “It is likely to complete another six to 12 months,” he said.
