Charles Hoskinson, the founder of the Cardano blockchain, told CNBC that the crypto market will grow and Bitcoin may hit $250,000 by the end of 2025. The key drivers will be the easing of global trade tensions, as well as the expected Federal Reserve’s (Fed) rate cut. The expert’s forecast also rests on a number of long-term trends.
One of them is a significant increase in the number of cryptocurrency users. According to Crypto.com, it rose 13% to 659 million in 2024. The geopolitical situation defined by the weakening role of international agreements also fuels the development of Decentralized Finance, where cryptocurrencies play a key role.
Hoskinson said a pause on trade tariffs helps stabilize markets and creates an environment for lower interest rates. This has the potential to attract additional investment in crypto assets. Besides, stablecoin legislation may encourage tech giants, such as Apple and Microsoft, to use cryptocurrencies for international transactions.