Cardano founder Charles Hoskinson believes Bitcoin could soar to $250,000 by the end of 2025.
During an interview with CNBC, Hoskinson explained that global market conditions and easing interest rates can create the perfect storm. He expects the Federal Reserve to cut rates which will unlock a flood of “fast cheap money” into the crypto space.
He also predicts new U.S. regulations like the market structure bill and stablecoin bill will attract large tech companies. “You’ll see a huge wave of speculative interest come probably August or September,” he said.
Hoskinson sees the entrance of Big tech firms or “Magnificent 7” as he describes it, a game changer. This tech compnaies including Apple, Microsoft, Amazon, Alphabet (Google), Tesla, Nvidia, and Meta Platforms (Facebook). Companies like Microsoft and Meta could start offering crypto wallets and issue stablecoins.
He noted how giants like Microsoft could save billions by ditching traditional banks. “Why not pay them in stablecoins?” he said, referring to global workers. He also said Facebook, now Meta, will re-enter the stablecoin space once new laws pass.
On Cardano, Hoskinson highlighted its unique approach to transactions. Unlike Ethereum’s account-based model, Cardano uses UTXO like Bitcoin, allowing a single transaction to do multiple things. “It’s kind of an apples to oranges thing,” he said.
Cardano also stands out for its focus on decentralization. Hoskinson said the project worked with the University of Edinburgh to create a decentralization index. He explained there are eight different ways to measure decentralization, including tokenomics and development control. Cardano aims to stay balanced across them all.
The Cardano network also features an advanced governance model. It blends ideas from a constitutional republic and liquid democracy. Users can elect representatives or delegate their ADA to others, and the network itself manages a $1.5 billion treasury. “It’s a very full-service government,” Hoskinson said, adding that 50 countries helped write the on-chain constitution.
He emphasized that Cardano has no president or centralized leader. Instead, power flows from the bottom up, “Power is at the bottom instead of the top.”
Also Read: Could Cardano Price Hit $3 Ahead of Bitcoin Staking Integration?
