As per The Crypto Basic, Cardano founder Charles Hoskinson predicted on CNBC that Bitcoin will reach $250,000 within 12 months, citing macroeconomic factors and institutional adoption. He stated that Bitcoin would recover from its recent 26.6% retracement in the next two quarters and reach the price target by the end of 2026. Hoskinson attributed the current correction to global market uncertainty and U.S. policy challenges, but expressed confidence in a strong rebound. He also highlighted the shift in bull cycle dynamics, with institutional investors now playing a key role compared to retail-led cycles in the past.
Cardano Founder Predicts Bitcoin to Reach $250,000 by 2026
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