Despite the uncertainty brought by the US government, rally expectations continue for Bitcoin (BTC), which started October on an upward trend.
At this point, there are predictions of $150,000, $200,000 and even $250,000 for BTC, while Cardano (ADA) founder Charlkes Hoskinson also predicted that Bitcoin will rise to $250,000.
Speaking to Bloomberg, Charles Hoskinson predicted that Bitcoin will reach $250,000 around June or July 2026.
This prediction from Hoskinson means that BTC will see an increase of approximately 108% from its current price of $120,000.
The Cardano founder also explained why Bitcoin will reach $250,000. According to Hoskinson, the most important of these is regulatory clarity.
Hoskinson stated that if the CLARITY Act were to pass, it would lead to a larger wave of institutional adoption and boost the price of Bitcoin.
The CLARITY Act focuses on creating a proper structure for the cryptocurrency market and defining who regulates what in the industry. Hoskinson stated that this legislation is likely to win approval and increase demand for Bitcoin and cryptocurrencies.
The Cardano founder added that more and more companies will add Bitcoin to their balance sheets as part of their digital asset treasury (DAT) strategy.
In this context, Hoskinson stated that he expects more institutions to enter the Bitcoin and cryptocurrency market and expressed his belief that these factors will carry Bitcoin to $250,000 by mid-2026.
*This is not investment advice.