- Bitcoin rebounds past $83K after President Trump’s tariff pause alleviates market jitters.
- Charles Hoskinson envisions Bitcoin surging to $250K as regulatory clarity and market stabilization take hold.
- Despite a temporary slowdown, experts predict renewed crypto market vigor later this year.
The cryptocurrency market has seen a significant recovery, with Bitcoin surging above $83,000 after U.S. President Donald Trump paused global tariffs, providing temporary relief to market anxiety. However, despite the recent uptrend, Bitcoin remains 25% lower than its all-time high of $109,000.
Charles Hoskinson’s Bitcoin Price Prediction: $250,000 by Year-End or Next
Charles Hoskinson, co-founder of blockchain engineering firm IOG and Cardano blockchain platform, said he expects Bitcoin to hit $250,000 by the end of this year or the next. This is despite turbulent markets that have been spurred mainly by the global uncertainty and Trump’s “reciprocal tariffs.” Hoskinson spoke to CNBC about his positive view of Bitcoin’s future.
In that regard, Hoskinson pointed out that the interest rates from the Fed will lower, causing crypto investments to rise, and that once the market stabilizes, the pointers to the market will stabilize. Other reasons that could help Bitcoin’s value include a 13 percent yearly increase in global crypto ownership up to 659 million people, he said.
Geopolitical Shifts and Crypto’s Role in the Future
Hoskinson also pointed out geopolitical tensions such as those between the U.S., China, and Russia, which might prompt more investors towards decentralized financial systems like Bitcoin, where traditional global business models sputter. He also spoke favorably about new crypto regulations, like the Digital Asset Market Structure and Investor Protection Act, which would help the industry understand regulation and provide some much-deserved support.
Hoskinson considers stablecoins that are adopted by major tech companies including Apple and Microsoft as a key development that could change the future of Bitcoin. To him, this could revolutionize global transactions with lower cost and speed of cross-border payments. Hoskinson anticipates a huge “reignition” of the crypto market as the institutional interest and legislative changes begin to be expected.
Hoskinson, however, predicted a short-term slowdown in the crypto sector and even claimed there would be a temporary halt occurring over the next three to five months. According to him, speculative interest is likely to intensify from August or September, leading to growth in the market in the following six to 12 months.
