Cardano founder Charles Hoskinson has made a daring prediction for the way forward for Bitcoin, predicting that the biggest cryptocurrency may rise to a price between $250,000 and $500,000 within the subsequent 12 to 24 months.
In a latest assertion, Hoskinson attributed his optimistic outlook to rising funding inflows and rising curiosity in Bitcoin, particularly because it solidifies its position as a retailer of worth within the digital financial system.
“Bitcoin is the shop of worth of the web, and since it has a DeFi layer, it’s going to stay in that position for the foreseeable future,” Hoskinson stated, referring to the latest integration of decentralized finance (DeFi) options into the Bitcoin ecosystem.
Hoskinson famous that Bitcoin’s distinctive place amongst cryptocurrencies has led governments to think about holding Bitcoin as a strategic reserve asset.
“Pretty much as good as Ethereum, Solana and Cardano are, let’s be intellectually sincere about this: Governments are speaking a couple of strategic Bitcoin reserve and solely Bitcoin,” Hoskinson stated.
Whereas this narrative might change in 5 to fifteen years, Bitcoin’s present place as an entry level for establishments and governments has cemented its dominance out there, he added.
Evaluating Bitcoin to gold, which has lengthy been seen as a secure haven, Hoskinson stated that Bitcoin is starting to be perceived as a digital equal.
“It will evolve into an ecosystem whose worth begins to method gold, an asset that individuals have used as a retailer of worth for over 5,000 years,” Hoskinson stated, emphasizing Bitcoin’s potential to turn into the cornerstone of worldwide monetary methods.
*This isn’t funding recommendation.
