Charles Hoskinson: Bitcoin could hit $250,000 by the end of the year

With Bitcoin currently trading at around $80,000 (approximately 11.4 million yen), some have predicted that it could rise to $250,000 (approximately 35.6 million yen) as early as the end of this year.
On the 10th (local time), CryptoPotato reported that the US President Donald Trump suspended the global tariff policy and the market
As concerns over the future have eased, Bitcoin (BTC) has surpassed $82,000 (approximately 11.7 million yen) and is gaining momentum. However, Bitcoin is still at 1.2 times its all-time high.
Despite this, Calvin Klein, co-founder of blockchain engineering company IOG, said:
Charles Hoskinson, the creator of the Cardano blockchain, said Bitcoin will hit $250,000 by the end of this year or next.
In an interview with CNBC, he said he remains optimistic about the future of Bitcoin.
He predicted that the market will regain stability in the near future, saying, "The Federal Reserve's interest rate cut policy will encourage capital inflows into virtual currencies."
In particular, he emphasized that the number of people holding virtual currencies globally has increased by 13% year-on-year, currently standing at approximately 659 million people.
He also mentioned geopolitical tensions such as the conflict between the U.S., China, and Russia, saying, "The existing global business model is in a state of flux.
"People are more likely to turn to Bitcoin, a decentralized financial system," he said. He also released a "Digital
He also noted the possibility of passing major regulatory bills such as the Financial Market Structure and Investor Protection Act.
"If major global tech companies adopt stablecoins, it could dramatically reduce the speed and cost of cross-border payments and change the way global transactions are conducted," he emphasized.
Legislation like this and increased interest from institutional investors are expected to reignite the market in a big way. However, in the short term, the cryptocurrency market is likely to remain in a temporary slump for the next 3 to 5 months.
He expects speculative investment demand to surge again starting in August and September, which could create strong upward momentum in the market over the next six to 12 months.
He added that it's a possibility.