Bitcoin's Next Chapter: Tech Giants and Institutional Investors Fueling Price Surge

Cardano's Hoskinson Sees Bitcoin Touching $250,000, Tech Giants Adopting Stablecoins

By CoinDesk April 10, 2025

Cardano founder Charles Hoskinson is predicting a significant surge in the price of Bitcoin, forecasting that the cryptocurrency could reach $250,000 in the near future.

At an event in New York, Hoskinson shared his bullish outlook on the future of Bitcoin, citing the growing adoption of the cryptocurrency by mainstream institutions and the increasing demand for decentralized finance (DeFi) applications.

"I think Bitcoin is going to $250,000," Hoskinson said. "I think it's going to happen in the next 12 to 18 months. The reason is that people are starting to understand the value of decentralized systems, and they're starting to understand the value of Bitcoin as a store of value."

Hoskinson's prediction comes as Bitcoin continues to gain mainstream acceptance, with major tech giants such as Google and Facebook announcing plans to adopt stablecoins, a type of cryptocurrency pegged to the value of a fiat currency.

Stablecoins have gained popularity in recent months, with companies like Facebook and Google announcing plans to launch their own stablecoin initiatives. The adoption of stablecoins by these tech giants could further accelerate the growth of the cryptocurrency market, according to Hoskinson.

"Stablecoins are going to be a huge deal," Hoskinson said. "When the tech giants start to adopt stablecoins, it's going to be a game-changer. It's going to be a huge catalyst for the entire cryptocurrency market."

Hoskinson's prediction of a $250,000 Bitcoin price comes as the cryptocurrency continues to gain traction, with many investors and analysts predicting a significant surge in the price of Bitcoin in the near future. However, some experts have expressed caution, citing the volatility of the cryptocurrency market and the potential for market corrections.

Despite the uncertainty, Hoskinson remains optimistic about the future of Bitcoin and the broader cryptocurrency market. "I think we're at the beginning of a new era for cryptocurrency," he said. "I think we're going to see a lot of growth and a lot of innovation in the next 12 to 18 months."