- According to the founder of Cardano, BTC could hit $ 250k in 2025 or the following year.
- Bitcoin network activity has fallen 22%, which indicates a weak question in Q1.
Despite the toil less than $ 100k in the middle of macro uncertainty, Bitcoin [BTC] could double more than the end of the year or 2026. In an interview with CNBC on April 9, Cardano founder Charles Hoskinson projected”
“I think Bitcoin will be more than $ 250,000 by the end of this year or next year.”
Hoskinson added that the target would be hit because of the gears of the FED rate, new crypto instructions (stablecoins) and an increased acceptance. He trivialized the tariff wars and explained:
“The markets will stabilize a bit, and they will get used to the new normal, and then the Fed will lower the interest rates, and then you will have a lot of fast, cheap money, and then it will flow into crypto.”
Will BTC cross $ 200k?
Moreover, Hoskinson predicted that the upcoming Stablecoin regulation would even enable them to accept the best global companies. By the way, he noted that the global conflicts will encourage more countries to use crypto for international settlements.
As a result, he estimated,
“The Cryptomarkt will probably get stuck for the next three to five months, and then you will have a huge wave of speculative interest, probably in August or September, in the markets, and that will probably end up for another six to 12 months.”
Surprisingly, the Mayer Multiple Valuation Model is somewhat tailored to its projection. The indicator shown That BTC could hit $ 208k if it is higher than $ 87k.
Source: Glassnode
For the Pi -Cyclustopicator, a different valuation model, there was even more growth for BTC before it could surpass this cycle. The indicator marked cycle of the past when the 111DMA exceeded the adapted advancing average of 350 days.
Source: BM Pro
Currently, the 350-day advancing average (DMA) above $ 150k was appreciated, which suggests that BTC could go over before it comes out.
However, the crypto could be in the short term to rock Almost $ 80k in the middle of falling network growth. According to Cryptoquant, the growth of the Bitcoin network fell by 22% on a monthly average of active users.
It fell from 101K users to 78k, which underlines reduced network activity and interest of market players. To validate Hoskinson’s projection, network activity must increase to indicate an increase in demand.
Source: Cryptuquant
