The founder of Cardano (ADA) believes that Bitcoin will reach 250 thousand dollars.

Charles Hoskinson, the founder of the Cardano blockchain, suggested that Bitcoin could reach $250,000 earlier this year with the entry of tech giants into crypto.

The announcement of the tariffs imposed by U.S. President Donald Trump on the entire world deeply shook both the stock and cryptocurrency markets. With the markets facing selling pressure, the price of Bitcoin (BTC) fell to 74 thousand dollars. On Wednesday night, Trump's decision to reduce tariffs on countries that did not retaliate to 10% for 90 days somewhat eased the market's concerns. The price of Bitcoin rose again above 82 thousand dollars.

It is easy to say that there has been a significant disappointment among investors as volatility remains high in the crypto market. Indeed, it was assumed that a new wave of increases would begin with the price of Bitcoin rising to 109 thousand dollars as soon as Trump took office. However, the increase did not last long, and the shift towards risky assets decreased due to both global trade and geopolitical tensions.

"The customs tax issue will end in a fiasco"

The founder of Cardano, who participated in a CNBC broadcast, stated that he believes "Bitcoin will reach 250,000 dollars either by the end of this year or next year." Hoskinson, who spoke about the customs tax issue, added, "It will end in fiasco, and people will realize that the world is willing to negotiate. This trade war will eventually be understood as taking place between the US and China. Many people will be on our side, while some will side with China."

Hoskinson, who stated that the markets will stabilize and that there will be an adaptation to the new normal after a while, argued that "the U.S. Federal Reserve will lower interest rates and cheap money will flow into crypto."

"The only option for globalization is crypto"

Hoskinson, who also pointed out the geopolitical tensions around the world, stated, "If Russia wants to invade Ukraine, it will invade Ukraine. If China wants to invade Taiwan, it will do so. So agreements are not very useful, and global trade is not very useful either. Therefore, your only option for globalization is crypto."

Emphasizing the liberalization on the regulatory side, Hoskinson stated that the new stablecoin legislation and the Digital Asset Market and Protection Act will likely be accepted, expressing that this will benefit the crypto market.

"Technology giants can increase stablecoin adoption"

According to Hoskinson, the stablecoin proposal could lead to the adoption of crypto assets by technology giants known as the "Fantastic Seven." Huskinson stated that technology giants like Apple, Microsoft, and Amazon could conduct cross-border payments using stablecoins, making transactions cheaper and faster, thus increasing the demand for stablecoins.

In a general assessment of the market, Huskinson stated, "The crypto market is likely to stagnate for the next three to five months, and then there will likely be a large wave of speculative interest in the markets around August or September, which will probably continue for another six to 12 months."

This article does not contain investment advice or recommendations. Every investment and trading movement carries risk, and readers should conduct their own research when making decisions.