Charles Hoskinson, founder of Cardano, has predicted that Bitcoin could reach $250,000 by the end of this year or next. Speaking during an interview with CNBC, Hoskinson attributed his optimistic forecast to several factors, including rising crypto adoption, U.S. legislation around stablecoins, and the involvement of major tech companies. He also pointed out that the market might stall for the next three to five months, but come late summer or early autumn, he expects speculative interest to drive prices higher for the following six to 12 months.

Hoskinson’s comments come as Bitcoin is recovering from a sharp dip below $77,000 caused by global uncertainty following U.S. President Donald Trump’s tariff announcements. The volatility around these tariffs had rattled both traditional markets and crypto assets. However, Trump’s decision to reduce the tariff rate temporarily helped ease the concerns, pushing Bitcoin back above $82,000. Still, Bitcoin is down nearly 24% from its peak of $108,786 in January.

Hoskinson, however, dismissed the tariff situation as a non-issue in the long run, explaining that the global market would stabilize once the trade tensions between the U.S. and China are resolved. He believes that geopolitical tensions in Eastern Europe as well as tensions surrounding China and Taiwan have further cemented the need for crypto as a global solution. “So treaties don’t really work so well, and global business doesn’t really work so well there,” Hoskinson said, emphasizing that crypto could be the only viable option for business globalization.

In addition to his market predictions, Hoskinson expressed confidence in the regulatory developments in the U.S. that could propel the crypto space forward. The GENIUS Act and the STABLE Act, two bills making their way through Congress, are aiming to provide clear regulatory guidelines for stablecoins, a step that could pave the way for tech giants, including Apple, Microsoft and Amazon, to adopt crypto solutions. He also pointed to the Digital Asset Market Structure and Investor Protection Act as a critical piece of legislation that could create a clearer framework for crypto assets in the U.S.

Hoskinson noted that the adoption of cryptocurrencies is on the rise, with Crypto.com reporting a 13% year-over-year increase in global crypto users, bringing the total to 659 million. With more institutional players entering the market, and as governments and corporations increasingly look to crypto for globalization, Hoskinson remains bullish on Bitcoin’s future. He anticipates that the markets will stabilize, interest rates will fall, and liquidity will increase, further boosting cryptocurrency’s potential.