- Cardano Founder Charles Hoskinson states Bitcoin will hit $250,000 by 2026 end.
- Hoskinson goes on to answer many other pressing questions on the live feed.
- It could take two quarters for the crypto market to recover and go bullish again.
The crypto market seems to be in a precarious position at the moment, what with both BTC and ETH prices slowly moving towards lower targets. At the moment, BTC is trading in the $89,000 to $92,000 price range, while the price of ETH clings to the $3,000 price range after having just dipped to the $2,900 price range. Amidst the growing FUD, Crdano Founder Charles Hoskinson states Bitcoin will hit $250,000 by the end of 2026.
Cardano Founder Charles Hoskinson States Bitcoin Bullish
Expectations for the price of Bitcoin (BTC) to hit much higher ATH price targets were growing at a rapid pace just two months ago, when BTC hit its current ATH price record in the $126,000 price range. Most analysts were hoping to see BTC go as high as the $130,000 and $140,000 price range by the end of this year, with some very bullish predictions of $200,000 and $250,000 by the end of the year.
These far-fetched predictions did not come from raving moon traders, but rather from reputed crypto analyst and financial experts like Bitmine Immersion’s Tom Lee and Robert Kiyosaki, the former also predicted the price of ETH to go as high as $15,000 and $16,000 by the end of the year. However, all this bullish talk vanished at the start of October when the crypto market experienced the largest single-day liquidation event in crypto history.
With $20 billion liquidated, every long and leverage trade was wiped out, taking even $3 billion in short trades. Some altcoins fell as far as 90%, and some even declared bankruptcy in the following weeks. While some saw the market retest as a way for altcoins to pave their way to altseason, others said that the start of the bear market had commenced. Now, with falling prices, bear market sentiments are on the rise.
BTC Price Expected to Hit $250,000 By the End of 2026
Only a handful of analysts and market experts believe that the 4-year bull cycle is obsolete, meaning a new bullish market surge is likely, especially with the many signs of liquidity preparing to flow in with QT being called to end at the end of this month. This, paired with the still bullish signals on altcoin price charts, marks a spectacular bull market revival on the horizon.
As we can see from the post above, Cardano Founder Charles Hoskinson says that with the current market state, this year has been disappointing. He also adds that in the long run, with altcoins ETFs on the horizon, regulation and more, are all expected to lead to a new type of bull cycle. He also mentions how real-world assets (RWAs) will also make a large play. He concludes by saying that in the next two quarters the market should recover and lead to $250,000 BTC ATH prices by the end of 2026.
