Cardano (ADA) founder Charles Hoskinson has made a bold prediction about the cryptocurrency market, claiming that the current bull movement is far from over.
Speaking about market dynamics, institutional adoption, and Bitcoin's future price potential, Hoskinson shared his views on the changing landscape of crypto investments.
Hoskinson noted that the market has recovered significantly following a major capital outflow. According to Hoskinson, $760 billion has left the crypto market following the recent developments regarding tariffs, leading to 710,000 liquidations, exceeding the market turbulence seen during the Luna and FTX crashes. Despite this, Hoskinson noted that the market has recovered within 48 hours, demonstrating significant resilience and the increasing role of institutional investors.
“This is the first cycle in my time in crypto that has not been led by retail investors,” Hoskinson said. “The last three cycles have all been retail. This cycle is institutional driven. And it’s much bigger, much more organized.”
The Cardano founder predicted in his speech that Bitcoin (BTC) could reach a price of at least $250,000 this cycle. He noted that market movements are increasingly driven by large institutional investors rather than individual investors. “Everything is a proportion of this,” he added, suggesting that other cryptocurrencies could also see significant gains.
He also pointed to growing institutional interest in cryptocurrencies, citing the entry of sovereign wealth funds and large corporations. He said the U.S. government is moving toward holding Bitcoin and expects stablecoin legislation to pass within 100 days.
“If that happens, big companies like Microsoft, Google, and Apple will enter the crypto space and create their own crypto wallets,” he said. He also noted that X (formerly Twitter) is preparing to launch one of the world’s largest crypto wallets, potentially serving 500 million users.
Beyond Bitcoin, Hoskinson sees a massive influx of institutional capital into crypto, predicting that $20 trillion worth of real-world assets will soon be integrated with blockchain technology. He believes the convergence of traditional financial markets with the crypto sector will drive the next phase of growth.
*This is not investment advice.
